Jan 11 2011
China Ceramics Co., Ltd. (Nasdaq: CCCL) ("China Ceramics" or the "Company"), a leading Chinese manufacturer of ceramic tiles used for exterior siding and for interior flooring and design in residential and commercial buildings, today announced that three new distributors have been appointed to serve the Beijing, Yunnan, and Zhejiang regions, respectively and bringing the Company's nationwide distribution network to 40 exclusive distributors.
These three distributors all have an operating history for over 10 years and maintain solid relationships with well-known national and regional property companies. In line with our existing distributors, our newly appointed distributors will renew their contracts on an yearly basis and maintain a security deposit of RMB400,000 with China Ceramics. They will sell exterior ceramic tiles under the Company's brands exclusively.
"We are excited to add three more distributors to service key markets in Beijing, Yunnan and Zhejiang," commented Mr. Jiadong Huang, Chief Executive Officer of China Ceramics. "We believe that our strengthened distribution network is an important step to support our expected growth in 2011 as we expand our production capacity from 42.2 million squared meters today to approximately 78.8 million in 2012."
Source: http://www.cceramics.com/