News

XIAMEN, China – The 24th China Xiamen International Stone Fair wrapped up its mid-March run by drawing more than 150,000 attendees to more than 2 million ft² of exhibits. The world’s largest stone-industry event attracted trade buyers from 120 different countries and regions during its four-day run. More than 2,000 exhibitors from around the world gathered in 25 exhibit halls -- including 350 international exhibitors -- offering products from blocks to finished pieces and from equipment to stone care products.

MP MENASHE, Israel – Caesarstone released its 1Q financial report in early May, and the company is cash-strong but revenue-soft following major changes late last year. Caesarstone reported $118.3 million in worldwide revenues during January-March, down 21% from the same time last year. The report notes that efforts to sell off most of the higher-production-cost material from the now-closed Richmond Hill, Ga., plant have been successful. The company is outsourcing more of its quartz-surface production to third-party manufacturers.