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MARAZZI

Founded in 1936 in Sassuolo, province Modena, Italy, Marazzi Gruppo Ceramiche S.p.A. is a leading tile manufacturer in Europe. The company has the annual turnover of $800 million.

Marazzi Gruppo Ceramiche Holding operates 30 subsidiary companies and employs 4,150 people in Italy, France, Spain and the US. Company sales grow 5-7 percent annually. Its 2001 turnover was $800 million.

With regard to the prospects of the Russian market, the company officials decided to launch ceramic tile production in Russia. Marazzi will build a plant in Stupino district, the Moscow region, investing a total of $40 million in it.