On December 24, 2022, in response to press inquiries in Israel, the Company confirmed, that as a global operating company affected by global market conditions and fluctuations, it is taking steps to adjust its operations to address the ongoing slowdown in demand for kitchen countertops among private consumers as well as commercial projects around the world. The Company has implemented a plan to improve its efficiency. This consists of several actions, including a completed reduction of approximately 10% its global head-count, a portion of that in Israel, with the majority of the reduction spread across our facilities around the world. In addition, Company is taking other steps to improve its operational efficiency, including increase prices, focus on growth and others. Company to stressed that Caesarstone® is a strong globally recognized brand with high trust by consumers and business partners, which it believes will in better addressing the coming period.
Caesarstone Ltd. published this content on 27 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 December 2022 11:19:34 UTC.
Caesarstone Ltd. is an Israel-based manufacturer of engineered quartz surfaces. The Company's products consist of engineered quartz, which are 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, backsplashes, floor tiles, stairs, and other interior surfaces that are used in a range of residential and non-residential applications. Its product offerings include over four collections, such as Classico, Concetto, Motivo, and Supernatural, which are marketed as specialty product collections. It sells its products under the Caesarstone brand. Its designs range from fine-grained patterns to coarse-grained color blends with a variegated visual texture. It offers over 70 different colors, with four textures and three thicknesses available for each of the collection's colors.
CAESARSTONE LTD. 
