Caesarstone Sdot-Yam
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| Public | |
| Traded as | NASDAQ: CSTE |
| Industry | Manufacturing |
| Founded | 1987 |
| Headquarters | Sdot Yam, Israel |
| Revenue |
 US$ 538.54 million (2016) |
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US$ 92.80 million (2016) |
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US$ 74.60 million (2016) |
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Number of employees
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1,108 |
| Website | www |
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Footnotes / references |
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Caesarstone Ltd., or Caesarstone (Hebrew: אבן קיסר, Even Qeysar), is a publicly traded company that engages in the manufacture and sale of engineered stone surfaces such as are used for kitchen countertops, vanity tops and tiles. The company was founded in 1987 and is headquartered in Kibbutz Sdot Yam in Israel. Its products are sold in 42 countries around the world.
Caesarstone Ltd. manufactures engineered stone surfaces at two locations in Israel – Kibbutz Sdot Yam and the Bar Lev Industrial Zone near Karmiel, and in its new plant in Richmond Hill, GA, USA, since May 27, 2015. Its products, which are sold in 42 countries around the world and are a more affordable alternative to granite surfaces, are used as interior surfaces in both residential and commercial buildings. Common uses of Caesarstone's products include quartz surfaces for kitchen countertops, vanity tops, wall-cladding, flooring and quartz sinks. The company's competitors include Cold Spring Granite, Creative Touch Interiors and DuPont Safety & Protection.
During the 1980s the financial situation of Kibbutz Sdot Yam was dire. Debts skyrocketed and residents were abandoning the community. Amos Amir, who during the 1970s was CEO of Shayish Caesaria, a local tile manufacturer, conceived of the idea of Caesarstone as a replacement for the kibbutz's terrazzo tile factory, for which he felt there was little demand anymore. Amir visited tile factories in Europe in search of more innovative production methods and formed a special relationship with a factory in Castello di Godego, Italy. Soon after returning to Sdot Yam and sharing his experience and ideas with the residents, Amir felt his position had been eroded as his ideas were being developed without his input, and he left the kibbutz. The new Caesarstone factory, which began operating in 1987, encountered a series of difficulties early on relating to ill-suited machinery and defective products, and soon the kibbutz was having to deal with damage claims and severe losses. In 1988, authorities shut down the Caesarstone factory and demanded its machinery be confiscated, in response to which the workers locked the authorities inside.
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Wikipedia