Mohawk Industries, Inc. says it has expanded its international presence with an investment of a minority interest in Sanfi Ceramics. Sanfi is a manufacturer of ceramic tile in China, with this joint venture, “provides the foundation for Mohawk's participation in the largest ceramic tile market in the world,” Mohawk notes.
Sanfi specializes in mid- to high-end polished floor and glazed wall tile
segments. Its original manufacturing site is in Foshan, with a new facility scheduled
to start-up this year in Inner Mongolia.
"This new business venture clearly reinforces our continued
commitment to being a global manufacturer in the flooring industry. We are
excited to partner with a world class company such as Sanfi," said Jeffrey Lorberbaum,
Mohawk Industries chairman and ceo.
"Our joining forces with Mohawk gives us access to the latest
technology and a partner with a history of excellence in selling and
distribution. We are eager to leverage our combined strength and expand our
market presence," said Chen Xiongzai, Sanfi chairman
Mohawk, Sanfi enter joint venture
July 7, 2010