Grand Opening of its new state-of-the-art Porcelain Plant that will be held on September 13th & 14th, 2007 at their manufacturing facility in Lawrenceburg, Kentucky. Its branches, distributors and business partners will join public figures and the press to celebrate the ribbon-cutting event.
The new porcelain production line has started producing porcelain tile products since the beginning of July and will ramp up its activity over the next few months. It will allow Florida Tile to better respond to the ever-evolving needs of its customer base with high-quality durable products, while increasing its service levels, enhancing its efficiency and overcoming its competition.
Leveraging its shared R&D between US and Italy, Florida Tile will be able to introduce a number of new porcelain products inspired by the American market, co-developed in Italy and made in the USA.
The new porcelain plant will expand to a capacity in excess of 70 million square feet per year. Together with its national distribution center, directly-owned branches and strong distribution network, the plant is thus one of the foundations on which Florida Tile will deliver its aggressive expansion strategy. After its acquisition of Florida Tile in March 2006, Panaria Group (ticker: PAN IM) is thus showing its continued commitment to developing the American market as the centerpiece of its globalization strategy.
Members of the Associated Press are welcome to contact Florida Tile to be invited to the Porcelain Plant Grand Opening.
Florida Tile is a leading ceramic tile manufacturer and distributor serving the premium segment of the US market. With its central production site, its national distribution center, 26 directly-owned branches and a number of strong distribution partners, Florida Tile is one of the most important players in the American building materials industry. www.floridatile.com
Florida Tile is a fully-owned subsidiary of Panaria Group, a public company on the Milan Stock Exchange (ticker: PAN IM) and a leading manufacturer and distributor in over 60 countries around the world, through six manufacturing sites in Italy, Portugal and the USA and seven brands positioned in the high-end of the market. www.panariagroup.it
