Profile: Caesarstone Ltd (CSTE.OQ)
18 Apr 2019
Caesarstone Ltd., formerly Caesarstone Sdot-Yam Ltd., incorporated on December 31, 1989, is a manufacturer of engineered quartz surfaces. The Company's products consist of engineered quartz, which is installed as countertops in residential kitchens. Its products are primarily used as kitchen countertops in the renovation, remodeling and residential construction end markets. The other applications of its products include vanity tops, wall panels, back splashes, floor tiles, stairs and other interior surfaces that are used in a range of residential and non-residential applications. Its engineered quartz slabs measure 120 inches long by 56.5 inches wide and 130 inches long by 65 inches wide with a thickness of 0.5 inch, 0.75 inch or 1.25 inches. Its designs range from fine-grained patterns to coarse-grained color blends with a variegated visual texture. The Company sells its products under the Caesarstone brand.
The Company's product offerings include four collections, such as Classico, Concetto, Motivo and Supernatural, which are marketed as specialty product collections. The Concetto product features engineered quartz surfaces with hand-incorporated semi-precious stones. Its Motivo product collection features a range of patterned textures that can be customized. The Company sells its products through a combination of direct sales in certain markets performed by its subsidiaries and indirectly through a network of independent distributors in other markets. The Company has direct sales channels in the United States, Australia, Canada, Israel and Singapore. The Company supplies its products primarily to fabricators that resell them to contractors, developers, builders and consumers. The Company manufactures its products at the manufacturing facilities located in Kibbutz Sdot-Yam in central Israel, Bar-Lev Industrial Park in northern Israel and Richmond-Hill, Georgia in the United States. The Company's subsidiaries include Caesarstone Australia Pty Limited, Caesarstone South East Asia PTE LTD, Caesarstone USA, Inc., Caesarstone Technologies USA, Inc. and Caesarstone USA, Inc.
Kibbutz Sdot Yam, MP Menashe