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of this expansion, which involves doubling the size of our building to accommodate an additional four looms. One of these looms is already in place, with the remaining three scheduled to be installed by the end of June,” he elaborates.
Thanks in part to such strategic investments, Ulster Carpets enjoyed exponential growth in 2023.“ I believe that our growth has been driven by a number of key factors. Most of our major clients in Europe and North America are cruise ships, casinos, hotels, and domestic customers buying carpets for their properties. Following the pandemic, between 2022 and 2023, the retail sector experienced a resurgence as people working from home sought to make substantial investments in enhancing their houses. On the other hand, within the contract market, we have become more involved in the construction
of new, large-scale cruise ships, as well as
the refurbishment of existing ones, along with numerous casino renovations and similar projects. Hence, we are currently experiencing organic growth in this booming sector. Additionally, we have expanded through the acquisition of several other businesses. Shortly before the initial lockdown, we acquired Axfelt, followed by the acquisition of Solidwool in late 2022, and last year, we purchased Alternative Flooring. Combined with our existing organic growth, these acquisitions have played a pivotal role in our expansion,” Jeremy explains.
Monumental project
Last year brought about another key milestone for Ulster Carpets, with the completion of a stunning project for Royal Caribbean International on its Icon of the Seas cruise ship.“ This project has arguably
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