Dal-Tile Corporation never fails to floor its customers. The company is one of the world's largest and best-known ceramic tile makers. It designs, manufacturers, and distributes ceramic, porcelain, glass, metal, and natural stone tile products to the construction and development, architecture, and do-it-yourself markets. Most of its products are sold under the Dal-Tile or American Olean brand name. The company has about 10 manufacturing plants in Mexico and the US. Its products are sold through company-owned service centers, independent contractors, and through retailers such as The Home Depot and Lowe's, mostly in North America. Founded in 1947, Dal-Tile is a subsidiary of flooring giant Mohawk Industries.
Dal-Tile is attempting to make a comeback after its parent was bitten by the effects of the recession when overall demand for the construction sector plummeted. To compensate, the company shut down or cut back operations in some of its manufacturing facilities. Finally recognizing increased sales volumes and favorable foreign exchange rates, Dal-Tile's revenue rose by $87 million, or 6%, to $1,454 million in 2011, compared to $1,367 million in 2010.
Dal-Tile received an international boost in 2010 when Mohawk acquired a 34% stake in a joint venture with Sanfi Ceramics. Based in China, the joint venture makes and distributes ceramic tile in that country, a region which industry insiders see as the largest ceramic tile market in the world, with growth forecast at 10% annually.
In recent years, Dal-Tile has focused its growth strategy on the residential market. The company continues to seek other opportunities for growth, especially in the cut-to-size commercial market and the resort hotel market. – less
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