RAK Ceramics
Encyclopedia
RAK Ceramics is a International consumer ceramics company based in Ras Al Khaimah, UAE and listed on the Abu Dhabi Securities Exchange
. It is one of the world’s largest ceramics producers and holds over a quarter of the sanitary-ware market and about one third of the ceramics market in Bangladesh. It produces about twenty hectares of tiles a day, from a very large (million square foot) factory complex located in the Arabian desert
about an hour by car from Dubai International Airport
. RAK Ceramics subsidiary, RAK Porcelain, produces approximately 45,000 pieces a day almost half of which are shipped to Europe. The products are made from local sand, clay and feldspar
, as well as imported specialist materials, mostly using equipment made by the Italian SACMI company.
The majority of the company, about 90%, is owned by foreign investors with the remaining portion controlled by local interesets. In an effort to raise additional capital and raise local ownership to a target of 20% the company is moving forward with its first and recently approved book building
IPO
.RAK Ceramics was also noted as a company that bucked global recession patterns by expanding production by 10% in 2009.
Abu Dhabi Securities Exchange
Abu Dhabi Securities Exchange [ADSM] is a stock exchange in Abu Dhabi, United Arab Emirates . It was established on 15 November 2000 to trade shares of UAE companies. There are trading locations in Abu Dhabi, Al Ain, Fujeirah, Sharjah, and Ras Al Khaimah...
. It is one of the world’s largest ceramics producers and holds over a quarter of the sanitary-ware market and about one third of the ceramics market in Bangladesh. It produces about twenty hectares of tiles a day, from a very large (million square foot) factory complex located in the Arabian desert
Arabian Desert
The Arabian Desert is a vast desert wilderness stretching from Yemen to the Persian Gulf and Oman to Jordan and Iraq. It occupies most of the Arabian Peninsula, with an area of...
about an hour by car from Dubai International Airport
Dubai International Airport
Dubai International Airport is an international airport serving Dubai, the largest city of the United Arab Emirates. It is a major aviation hub in the Middle East, and is the main airport of Dubai. It is situated in the Al Garhoud district, southeast of Dubai...
. RAK Ceramics subsidiary, RAK Porcelain, produces approximately 45,000 pieces a day almost half of which are shipped to Europe. The products are made from local sand, clay and feldspar
Feldspar
Feldspars are a group of rock-forming tectosilicate minerals which make up as much as 60% of the Earth's crust....
, as well as imported specialist materials, mostly using equipment made by the Italian SACMI company.
The majority of the company, about 90%, is owned by foreign investors with the remaining portion controlled by local interesets. In an effort to raise additional capital and raise local ownership to a target of 20% the company is moving forward with its first and recently approved book building
Book building
Book building refers to the process of generating, capturing, and recording investor demand for shares during an IPO in order to support efficient price discovery. Usually, the issuer appoints a major investment bank to act as a major securities underwriter or bookrunner...
IPO
Initial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
.RAK Ceramics was also noted as a company that bucked global recession patterns by expanding production by 10% in 2009.