There is some good economic news for the ceramics industry. News out of the United Arab Emirates says that the world' largest ceramic tile manufacturer, RAK Ceramics, is reporting a more than 20% increase in its net profits for 2009.
In a recent shareholder meeting, the company said that 2009 was a banner year for it, despite the slumping economy. In fact, its annual revenue topped, for the first time, $1 billion (USD). RAK Ceramics sold more than 100.7 million square meters of ceramic tiles in 2009. It exports ceramic products to more than 150 countries.
Hopefully this is just one of many economic developments that signals a turnaround in the global economy--and especially the global ceramic economy.
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