Hard times for Italtile as competition grows

CEO Lance Foxcroft warns margin pressure likely to intensify as new manufacturers “increasingly resort to aggressive pricing to buy market share”

25 February 2024 - 00:00

By THABISO MOCHIKO

Italtile expects margin pressure to intensify as competitors lower the prices of their tiles to grow market share, and a new manufacturing plant in Mozambique is set to impact its business.

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