Abu Dhabi: RAK Ceramics announced that it now has complete control of both its British entity (RAK Ceramics UK) and its German entity (RAK Germany) with the full acquisition of the remaining shares for both subsidiaries.
Complementing this move, RAK Ceramics announced the appointment of a new leadership team to head its core European operations. The move is expected to support RAK Ceramics as it grows within Europe’s high-value markets and further consolidates the interests of its global operations.
Alvin Biggs has been appointed as Managing Director for RAK UK. Math Rietrae has been appointed as General Manager of RAK Ceramics’ Central Europe division, based in Germany, and Soren Hougaard has been appointed as General Manager of RAK Ceramics’ North Europe division, based in Denmark, the company said in a statement on Monday.
RAK Ceramics exports approximately 70 per cent of the output that it produces in the UAE, most of which are dispatched to markets in Europe and Saudi Arabia. At the end of Q3 2015, the total net sales from Europe for tiles and sanitaryware reached Dh248 million.
