Caesarstone to Build U.S. Quartz Surfacing Plant

Caesarstone has announced that it will be opening a U.S. quartz surfacing production facility in 2014. Althought a location has not been named, the $75 million facility will eventually have two production lines for Caesarstone products, according to the company.

The U.S. facility will expand the company’s production by 50 percent. The first line is slated to be in production by late 2013, with the second line to be added in the future.

“We believe that expanding our manufacturing footprint into the United States will provide us with a number of competitive and strategic benefits that will serve our long-term growth plans, most significantly the related improvement in delivery times,” said Yosef Shiran, CEO.

The company also announced additional manufacturing equipment that will be installed at its Israel plant, incorporating a major part of a fifth production line. This $13 million addition will increase production capacity by 15 percent and is set for completion by October 2013.

“Our expansion in Israel will enable us to rapidly and efficiently expand our production capacity to meet the increasing demand for our products,” Shiran said. “We are excited about both of these projects, which are further steps in realizing our growth strategy and are expected to create value for our shareholders.”