RAK Ceramics
| Public | |
| Industry | Ceramics manufacturing |
| Founded | 1989 |
| Founder | |
| Headquarters | Ras Al Khaimah, United Arab Emirates |
|
Area served
|
Asia, Europe and Africa |
|
Key people
|
Abdallah Massaad (CEO) |
| Products | Ceramic tiles, sanitaryware, taps and kitchen fittings, tableware, tile adhesives , interior ancillary products |
| Website | www |
RAK Ceramics P.J.S.C is one of the ceramics brands in the world. Headquartered in the emirate of Ras Al Khaimah in the United Arab Emirates, RAK Ceramics has an annual production capacity of 110 million square metres of tiles, 5 million pieces of sanitaryware, 24 million pieces of porcelain tableware and 600,000 pieces of faucets. The company employs 15,000 people across its operations in the UAE, India, Bangladesh, Iran, Europe, Australia and Singapore.
RAK Ceramics specialises in ceramic and gres porcelain wall and floor tiles, sanitaryware, kitchen sinks, including faucets for walls, floors, bathrooms and kitchens.
RAK Ceramics has ten tile plants, two sanitaryware plants and one plant each for faucets and tableware at its headquarters in RAK, as well as overseas plants in India, Bangladesh and Iran.
In June 2014, Samena Capital bought a 30.6% stake of the business. Samena Capital is an Asia, India and MENA-focused alternative investments group, co-established in 2008 by Shirish Saraf and key partners from a cross section of industries and regions.
RAK Ceramics has a strategy focusing on its four core sectors: tiles, bathware, porcelain tableware and faucets.
RAK Ceramics is a publicly listed company on the Abu Dhabi Securities Exchange in the United Arab Emirates and on the Dhaka Stock Exchange in Bangladesh and as a group the company has an annual turnover of approximately US$1 billion.
Origins
RAK Ceramics was established in Ras Al Khaimah in 1989 by H.H. Sheikh Saud Bin Saqr Al Qasimi, member of the Supreme Council and Ruler of Ras Al Khaimah.
Incorporation and Growth
In 1993 RAK Ceramics opened of its first sanitaryware plant in Ras Al Khaimah
By the year 2000, the company had opened its first overseas plant in Bangladesh.
From 2000 to 2004 RAK Ceramics invested heavily, expanding the company, and exporting to almost 120 countries by 2004. In 2010 RAK Ceramics becomes the world’s largest ceramics manufacturer and by 2012, RAK Ceramics had supplied 1 billion square metres of tiles to projects around the world since the company began.
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Wikipedia