Ceramic tile makers set out expansion plans - News Summed Up

Ceramic tile makers set out expansion plans


Two large producers of ceramic tiles -- SCG Ceramics Plc and Dynasty Ceramic Plc -- will open new stores and expand existing outlets nationwide as domestic demand recovers, following the country's reopening. "The ceramic business may not grow at a fast pace, but construction in the tourism sector will gradually resume in the medium to long term." In the first quarter of 2022, SCG Ceramics had year-on-year growth of 13% and quarter-on-quarter growth of 23% in sales of ceramic tiles, with a total volume of 20.1 million square metres. Maruth Saengsastra, chief executive of Dynasty Ceramic Plc, said exports to Myanmar doubled in the first quarter of this year as demand recovered. In the first quarter of 2022, Dynasty's average tile price rose by 5% to 151 baht per sq m, from 144 baht in the fourth quarter last year.


Source: Bangkok Post May 11, 2022 10:22 UTC



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