New plant investments

Nika Naghsh Iranian has signed an agreement with a leading ceramics machinery supplier for a full large format tile production line. The new investment includes a press, compete glazing line, dryer, kiln, polishing and sorting line. This new phase of Nika Naghsh Iranians production facility will allow for ultimate flexibility in terms of sizing and thickness and double production capacity. Machinery installation should begin in the 2nd quarter of 2024 with production expected end of 3rd Quarter 2024.