# Viglacera plans joint venture with Cuba for ceramic and porcelain tiles

Viglacera plans to set up a joint venture in Cuba for ceramic and porcelain tiles with chartered capital of nearly $40 million and total investment of about $61.8 million. The venture will renovate two factories and invest in new production lines.

- Type: Acquisition
- Announced: 2017-04-25
- Where: Cuba, Cuba
- Value: $61.8M
- Status: announced
- Products: ceramic tiles, porcelain tiles, sanitary ware, floor tiles
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Viglacera](https://endata.com/companies/20790.md)
- [Geicon](https://endata.com/companies/23851.md) (partner)

## Sources

- [vietnamnews.vn](https://vietnamnews.vn/economy/375468/viglacera-to-form-joint-venture-with-cuba.html), 2017-04-27: "The company plans to set up a joint venture in ceramic and porcelain tiles with chartered capital of nearly US$40 million and total investment of some $61.8 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.