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News Top Stories Tile maker sees bigger sales
| Tile maker sees bigger sales |
| Monday, 10 March 2008 11:11 | ||||||
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Mariwasa, producer of ceramic floor and wall tiles, is a joint venture of the Siam Cement Group of Thailand and the Coseteng family. It made a net income of P25 million last year, and is projecting P30 million in 2008, said Surasak Kraiwitchaicharoen, company president. He told reporters that Mariwasa intended to fully use the capacity of its plant here this year after operating at only 80 percent of capacity until 2007. “The Philippine economy is quite stable and the construction industry is growing,” Surasak said at a news briefing here. Surasak said Mariwasa had a 27-percent share of the tile market in the Philippines and expected an increase to 32 percent. He said the tile industry in the Philippines was being threatened by cheap imports, mostly from China. He said Mariwasa had a 50-percent market share in 1997, when cheap imports were still unheard of. He said imported tiles today had an estimated 60 percent of the market.
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