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The evolution of the bathroom space throughout history - Roca

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<strong>Roca</strong> active in 5 continents<br />

Asia, a growing<br />

market<br />

As a multi-national<br />

company, <strong>Roca</strong> is active<br />

in some <strong>of</strong> <strong>the</strong> fastestgrowing<br />

markets in <strong>the</strong><br />

world.<br />

<strong>Roca</strong> is active in <strong>the</strong> most important markets<br />

at a worldwide level. <strong>The</strong>ir expansion and<br />

growth has taken it to world leadership in<br />

<strong>bathroom</strong> <strong>space</strong>. During <strong>the</strong> 1970s, <strong>Roca</strong><br />

began a process which has taken it to where<br />

it is today, maintaining a presence in 135<br />

countries and 65 factories spread across 17<br />

countries.<br />

<strong>Roca</strong>, which is active in 5 continents, is<br />

consolidating its presence, especially in<br />

Asia. This is one <strong>of</strong> <strong>the</strong> best economic<br />

prospects for <strong>the</strong> company in terms <strong>of</strong><br />

growth and development. <strong>Roca</strong>’s ventures<br />

in this continent began at <strong>the</strong> end <strong>of</strong> <strong>the</strong><br />

1990s when <strong>the</strong> first <strong>bathroom</strong> porcelain<br />

factory was constructed in China. In 2005, a<br />

second production facility was inaugurated<br />

in Suzhou, comprising a cast iron bath<br />

production plant and an acrylic bath plant.<br />

<strong>The</strong> company’s<br />

internationalisation<br />

policy has led it to world<br />

leadership in <strong>bathroom</strong><br />

<strong>space</strong>s.<br />

2006 was an especially important year since<br />

<strong>Roca</strong> achieved world leadership in <strong>bathroom</strong><br />

<strong>space</strong>s through a series <strong>of</strong> takeovers. Within<br />

Asia, <strong>Roca</strong> acquired all <strong>the</strong> shares in Johnson<br />

Suisse group, <strong>the</strong> leading <strong>bathroom</strong> porcelain<br />

company in Malaysia. Meanwhile, <strong>the</strong>y<br />

entered India through a 50% joint venture<br />

with Parryware, <strong>the</strong> Indian market leader<br />

in <strong>bathroom</strong> porcelain. 2 years later, <strong>Roca</strong><br />

bought <strong>the</strong> remaining 50% <strong>of</strong> <strong>the</strong> company.<br />

Today, <strong>Roca</strong> has 17 factories spread between<br />

China (9), India (5), Malaysia (2) and Taiwan<br />

(1). As well as <strong>the</strong>se plants <strong>the</strong> company also<br />

has 2 showrooms in Asia, one in Shanghai<br />

and <strong>the</strong> o<strong>the</strong>r in Beijing, where <strong>Roca</strong> displays<br />

<strong>the</strong> latest product developments designed<br />

for <strong>the</strong>se markets. <strong>Roca</strong>’s penetration was<br />

reinforced by being <strong>the</strong> favoured <strong>of</strong>ficial<br />

supplier for <strong>the</strong> Olympic Games in Peking<br />

in 2008. For <strong>the</strong> Olympics, and as a tribute<br />

to <strong>the</strong> Games, an exclusive collection <strong>of</strong><br />

washbasins designed by Mariscal was<br />

created and sold <strong>throughout</strong> Asia.<br />

In China <strong>Roca</strong> has 9<br />

factories which service<br />

<strong>the</strong> internal demand <strong>of</strong><br />

<strong>the</strong> country.<br />

In this situation, <strong>the</strong> recovery which <strong>the</strong> country<br />

is experiencing is considerable. <strong>The</strong> indication<br />

<strong>of</strong> recovery is especially significant if we bear in<br />

mind <strong>the</strong> importance <strong>of</strong> this country within <strong>the</strong><br />

Asian continent.<br />

Toge<strong>the</strong>r with China’s improvement, o<strong>the</strong>r<br />

emerging and developing countries have<br />

shown similar signs <strong>of</strong> stabilization. <strong>The</strong>se<br />

circumstances have <strong>the</strong> logical consequence<br />

<strong>of</strong> helping to streng<strong>the</strong>n <strong>the</strong> company’s position<br />

in China since it encourages internal demand<br />

and will hence improve <strong>the</strong> company’s results<br />

in that continent. According to <strong>the</strong> IMF, in<br />

general terms, it can be said that <strong>the</strong> intensity<br />

<strong>of</strong> <strong>the</strong> recovery which Asia has registered can<br />

be linked to 3 factors: an expansive fiscal and<br />

monetary policy; <strong>the</strong> recovery <strong>of</strong> <strong>the</strong> financial<br />

markets and capital flows and <strong>the</strong> export boost<br />

that <strong>the</strong> industry has received.<br />

Taking all <strong>the</strong>se indicators into account, <strong>the</strong><br />

Asian market <strong>of</strong>fers an excellent opportunity<br />

to keep on growing and consolidating <strong>the</strong><br />

leadership position which <strong>Roca</strong> enjoys at<br />

worldwide level in <strong>bathroom</strong> <strong>space</strong>s. ■<br />

<strong>The</strong> Asian market<br />

represents an<br />

opportunity to carry on<br />

increasing our share <strong>of</strong><br />

<strong>the</strong> market.<br />

In economic terms, Asia’s importance for<br />

<strong>Roca</strong> is in both its potential market <strong>of</strong> more<br />

than 3.800 million people as well as <strong>the</strong><br />

important economic growth that countries<br />

like China and India have experienced in<br />

recent years.<br />

Also, despite <strong>the</strong> worldwide economic crisis,<br />

<strong>the</strong> Asian continent is showing symptoms <strong>of</strong><br />

recovery at a more rapid pace than <strong>the</strong> o<strong>the</strong>r<br />

continents.

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