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Litokol: share acquired in Russian firm Estima Keramika

Last December, Litokol purchased a 14% stake in Estima Keramika, while Global Contract, another company owned by entrepreneur Luciano Cottafavi, took a 7% interest.
The Russian market has long been one of Litokol’s strategic and sales targets. Back in 2002, the Litokol Russia production facility was opened in an industrial area adjacent to Estima in Noginsk, 50 km from Moscow.
The stake in the Russian company will enable Litokol to distribute its products through the many branches located throughout the country. This investment is therefore of strategic importance for the structure of Litokol, which alongside its subsidiary in the adhesives/grout sector now also has a major partnership in the ceramic sector.
Estima Keramika has a turnover of more than 80 million euros and 1,500 employees working in the two facilities in Noginsk and Samara, at the headquarters in Moscow and at the 9 sales branches, along with 14 showrooms open to the public in a number of Russian cities. Full-scale production capacity stands at about 15 million square metres.

 

Litokol Press Office

 

_Luciano_Cottafavi_presidente_Litokol    Estima_Keramika

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