Carpet And Rugs News

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• In September 2023, At a capital expenditure of Rs. 70 crores, Kajaria announced an extension for large glazed vitrified tiles at the Sikandrabad factory, increasing its capacity from 8.4 MSM/annum to 10.2 MSM/annum.
• In July 2023, Somany Ceramics Limited introduced the unique line of luxury tiles, titled "Embrace the Extraordinary - Igniting a New Era of Luxury in Tiles," in Jammu. The designs in the collection, which include creative cladding possibilities, wood finishes, stone textures, and fabric patterns, are inspired by nature.

• January 2023: H&R Johnson, part of Prism Johnson Limited, launched a new collection at an event in Kolkata, India. This latest collection consists of 3,000 new designs of ceramic tiles, which have applications in various spaces catering to the industry demand of architects and designers.
• June 2022: Mohawk Industries Inc. acquired Vitromex, a Mexican ceramic tile manufacturer. This company has four manufacturing facilities across Mexico and a broad distribution network. Through the acquisition, Mohawk Industries Inc. increased its participation in the Mexican ceramic tile market with the help of the Virtomex brand.

• In November 2023 - ELIE SAAB partnered with RAK Ceramics and launched a bathroom and surface collection in downtown Dubai. ELIE SAAB is a Lebanese fashion designer, and in collaboration with RAK Ceramics, it launched five elegant collections of luxury ceramic tiles. This includes liquid metal, royal, glamour, travertine, and soft luxury.
• In August 2022 - Al Maha Ceramics announced the acquisition of a 45% stake in Al Hael Ceramics Company. Al Maha Ceramics is the largest manufacturer of ceramic tiles in Oman, and Al Hael Ceramics is Oman's largest manufacturer of tiles and porcelain.

• September 2023: Shaw Industries Group Inc. formed a strategic partnership with the Classen Group. Through this partnership, Shaw became the sole distributor of the company’s new commercial flooring products in North America.
• June 2023: Unilin Technologies and Mohawk Industries signed the digital printing licensing contract with Swiss Krono, a leading global manufacturer of innovative flooring solutions.

• December 2022: Emser Tile, a prominent creator and manufacturer of high-quality tile and natural stone globally, introduced 4 fresh sets of glazed porcelain and ceramic tile: Tubage, Boxwood, Fragmento, and Estasi.
• April 2022: Paramount Global Surfaces, a company within the Platinum Equity portfolio, revealed the purchase of Stone Source from a consortium of investors led by Founders Equity. Based in New York, Stone Source specializes in supplying natural stone, ceramic tile, and other decorative surfaces to contractors and consumers through the architect and design channel, catering to both commercial and upscale residential applications.

• On May 2023, Niro Ceramics announced to launch of its initial public offering (IPO) in mid-2024 and utilized the proceeds raised for the company's strategic initiatives to the bottom line and accelerate sales growth.
• On February 2023: Somany Ceramics introduced Tesoro Repliq by Duragres, a well-known brand for glazed vitrified tiles. Tesoro Repliq is a unique concept that offers the same design (set of shades) in two sizes and two finishes. The new tile concept is a perfect fit for cohesive and homogeneous interior results and is available in customized applications and room setups. Its highlighter concepts are available for both walls and floors.

• January 2021- Balta confirmed its sustainable approach with the introduction of six electric cars.
• March 2020- Britons broke into American tufted carpet manufacturing with the introduction of a new guest room kit.

• February 2024: Panasonic unveiled its latest series of air conditioners for the year 2024, featuring a selection of room ACs equipped with Matter technology in India.
• January 2024: Bosch Home Appliances has unveiled the introduction of a fresh range of countertop Fully Automatic Espresso Machines. This remarkable line of products has been recognized as a CES 2024 Innovation Award Honoree in the smart home category.

• August 2023: Overstock.com Inc., in collaboration with Bed Bath & Beyond, unveiled BedBathandBeyond.com in the United States. This strategic move consolidates the strengths of both companies, creating a unified online retail platform operating exclusively as Bed Bath & Beyond.
• June 2023: Online retailer Overstock.com Inc. strategically acquired select intellectual property assets from Bed Bath & Beyond's banner. The acquisition took place through a process overseen by the Bankruptcy Court.
• April 2023: In a significant move, IKEA unveiled a USD 2.2 billion investment plan for its omnichannel expansion in the United States. The Swedish furniture giant is set to revamp its store footprint, enhance its fulfillment capabilities, and introduce a tailored product range to meet the evolving needs of American households. This landmark investment marks IKEA's most substantial commitment in its four-decade-long presence in the US market.

• In September 2023, At a capital expenditure of Rs. 70 crores, Kajaria announced an extension for large glazed vitrified tiles at the Sikandrabad factory, increasing its capacity from 8.4 MSM/annum to 10.2 MSM/annum.
• In July 2023, Somany Ceramics Limited introduced the unique line of luxury tiles, titled "Embrace the Extraordinary - Igniting a New Era of Luxury in Tiles," in Jammu. The designs in the collection, which include creative cladding possibilities, wood finishes, stone textures, and fabric patterns, are inspired by nature.