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FINANCIAL NEWS
UAE’s Ras Al Khaimah expands its plant in India at USD80 m
02 Apr 2014
(MENAFN) UAE-based Ras Al Khaimah Ceramics, one of the world’s biggest makers of floor tiles, plans an expansion project in its plant in India and Bangladesh, in addition to technology upgrades at other plants, according to Arabian Business.
The project is estimated to cost USD80 million, and is expected to start in June, said its chief executive.
Abdallah Massaad said: “This year we have an expansion coming.”
The company, which makes ceramic wall tiles and sanitary ware as well as floor tiles, could make as much as USD953 million revenue in 2013.
Massaad added: “This year we have spending on CAPEX of $80 million.”
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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