Caesarstone
Caesarstone Ltd.
Company typePublic
Nasdaq: CSTERussell 2000 Component
IndustryManufacturing
Founded1987 (1987)
Headquarters
Sdot Yam
,
Israel
RevenueIncreaseUS$ 538.54 million (2016)
IncreaseUS$ 92.80 million (2016)
IncreaseUS$ 74.60 million (2016)
Number of employees
1,108
Websitecaesarstone.com
Footnotes / references[1]

Caesarstone Ltd. (Hebrew: אבן קיסר, Even Qeysar), is a publicly traded company that engages in the production and marketing of quartz, porcelain, mineral and advanced fusion surfaces used for kitchencountertops, vanity tops, flooring, wall cladding and general interior design. The company was founded in 1987 and is traded on the NASDAQ in New York (CSTE). Headquarters are located in Kibbutz Sdot Yam in Israel. Production facilities are in Israel and India with third party manufactured product sourced from factories in the Far East. Its products are sold in approximately 50 countries around the world through a network of 6 subsidiaries and numerous distributors. The name Caesarstone comes from the company's location near Caesarea.

Caesarstone is widely recognized as one of the first companies to commercialize engineered quartz surfaces globally, introducing the concept of quartz countertops to both residential and commercial design markets and helping define the premium surface category that later expanded worldwide.[2][3]

History

The Caesarstone factory commenced its operations in 1987, at Kibbutz Sdot Yam, replacing its terrazzo tile factory. The company was established in the wake of development work performed jointly by members of the kibbutz and additional parties such as Professor Moshe Narkis of the Technion. After changing the focus from sale of floor tiles to quartz surfaces and establishing itself in the domestic market, the company started to export its products to different countries around the world in the 1990s. In 2005, an additional production facility was opened at the Bar-Lev Industrial Park. In 2006, TENE Investment Fund invested 25 million dollars in exchange for 21.7% control in the company, which led to the adding of another production line at the Bar-Lev facility.

In 2008, the company began establishing subsidiaries in its main markets: Australia (2008), Canada (2010), USA and Singapore (2011) UK (2017) and Scandinavia (2023) along with activity conducted through distributors in approximately 50 countries.[4]

In 2015–2016, Caesarstone encountered challenges which included discord between shareholders and kibbutz members, departure of board members and CEO, and a report by Spruce Point hedge fund claiming that the company's quartz surfaces contain less than the commonly accepted amounts of quartz and yet are still sold at premium prices. In 2016 the share price declined compared to its former peak, however in H1 2017, Caesarstone shares climbed 23 percent; thus, Caesarstone's value stands at 1.49 billion dollars.

In 2015, Caesarstone opened a new facility in the US with an investment of approx. 100 million dollars. The plant was built in Richmond Hill, Georgia, and provides quartz surfaces mainly to markets in North America, and other countries as well. The plant was shut down in 2024.[5][6]

In 2020, Caesarstone purchased Lioli Ceramica and Omricon Granite and Tile.[7][8]Lioli Ceramica, based in Morbi, India, was one of India’s most technologically advanced porcelain slab manufacturers, specializing in large-format sintered surfaces.[9] This acquisition marked Caesarstone’s formal entry into porcelain manufacturing and positioned the company to expand beyond quartz into multi-material surface innovation. Omicron Granite & Tile, a U.S.-based distributor, expanded Caesarstone’s direct channel access in North America, reinforcing the company’s “closer to market” strategy.[10][11]

As of 2024, Caesarstone operates two production facilities: a facility in Israel for engineered stone production and a site in India for porcelain surface production.[12] The Bar Lev Israel facility shut down in 2025.[13]

R&D Milestones

  • In 2012, with the launch of the Supernatural Collection, the company was the first in the market to introduce veining technology. This innovation allowed Caesarstone to replicate the natural movement of marble veins within quartz, setting up a new design standard later adopted across the engineered stone industry, becoming a category benchmark.[14]
  • In 2017, Caesarstone introduced a collection that incorporated technology designed specifically for industrial surfaces (the Metropolitan Collection). This range introduced rough, textured finishes and concrete-inspired tones developed through proprietary surface-engineering techniques. The Metropolitan Collection is often credited with establishing the “industrial aesthetic” trend within premium surfaces, extending Caesarstone’s design leadership from polished to tactile finishes.
  • In 2020, Caesarstone was the first to introduce a quartz collection for outdoor applications. Caesarstone Outdoor was engineered with advanced UV resistance, thermal stability, and weather durability, making it one of the first quartz materials certified for full exterior exposure. This expanded quartz beyond interior kitchens to outdoor living design and earned multiple design awards internationally.[15]
  • Caesarstone has also put a lot of effort into the development of low-silica surface technologies to advance sustainability. This has led to the 2023 launch of Caesarstone’s Mineral Surfaces range, a new class of low-silica surfaces designed to maintain strength and aesthetics while significantly reducing crystalline silica content. During 2025 Caesarstone introduced its Advanced Fusion (Caesarstone ICON) surfaces: the company’s first crystalline silica-free material (may contain less than 1% crystalline silica), made from a proprietary blend of recycled materials. Together, Mineral and ICON represent Caesarstone’s transition to next-generation, more sustainable materials, aligning product innovation with global standards towards a sustainable industry.[16]

Surfaces

Caesarstone manufactures a variety of surfaces for residential and commercial use, which are made from different materials.

Quartz

Caesarstone is a manufacturer of engineered quartz surfaces. The material is mostly natural quartz (~75-90% depending on product), combined with resin binders and pigments. This gives hardness, color consistency, and strength. The company has developed several product lines (“Collections”) for different looks — classic, natural-stone inspired, industrial, outdoor, etc. It is available primarily for countertops. Caesarstone’s quartz is known for its precision manufacturing, consistency, and long-term durability, with certifications from GREENGUARD, NSF, and ISO 14001 standards. The brand’s quartz has been featured in design projects by leading architects and global kitchen manufacturers, reinforcing its positioning as a premium surface brand.

Porcelain

Caesarstone Porcelain is high-performance sintered/pressed ceramic surface, made by fusing natural raw materials under extreme heat and pressure. The Caesarstone Porcelain line, which is marketed under the LIOLI brand in all territories except for the United States, is a premium offering, with properties designed for diverse environments, including outdoor use and elegant top end venues. With a selection of over 35 designs, Caesarstone Porcelain is available for countertops and engineered for full-surface applications. Caesarstone Porcelain can be used vertically and horizontally across countertops, flooring, wall panels, backsplashes, shower surrounds, and large-format façades. Its exceptional heat resistance and UV stability allow seamless design continuity from indoor kitchens to outdoor entertaining spaces.[17]

By merging design artistry with technical performance, the porcelain range reinforces Caesarstone’s evolution into a multi-material surface company—bridging decorative design and architectural function for residential, hospitality, and commercial environments worldwide.[18][19]

Advanced Fusion (Caesarstone ICON)

Launched in 2025, Caesarstone ICON surfaces are crystalline silica-free (may contain traces of crystalline silica of up to 1%) and made from a proprietary blend that includes ~80% recycled materials – including high-quality, post-industrial glass. As of 2025, Caesarstone has transitioned 18 quartz surface colors into ICON format, while also launching a collection of new colors developed specifically for this surface type (with new collections to be launched on an annual basis).[20][21]

Caesarstone ICON represents Caesarstone’s most significant material innovation since quartz, integrating sustainability, and design versatility. It positions the brand within the global movement toward low-impact manufacturing and has been recognized by design media as setting a new industry benchmark for next-generation surfaces.[22][23]

Financial

Caesarstone's operations are impacted by the performance of the home remodeling and new construction sectors of the economy.[24][25] In 2023/24, Caesarstone began implementing a transition from a countertop company to a surface company, implementing a brand-centric business model.[26]

In 2023, Caesarstone initiated significant restructuring actions aimed at revitalizing long-term growth and profitability. The company reported financial results for 2023 that included a revenue of $565.2 million, a net loss of $107.7 million, an adjusted net loss per share of $1.34, and cash flow from operations in the amount of $66.5 million.[27][28]

For 2024, Caesarstone reported a revenue of $443.2 million, a net loss of $42.8 million, and a gross margin of $21.8 million.[29][30]

In 2023–2024, the company restructured its operations to reduce manufacturing costs and optimize its distribution footprint, consolidating facilities in Israel while exiting direct manufacturing in the United States. The strategic transformation also introduced a global “multi-material” portfolio strategy, with porcelain, mineral, and advanced fusion (ICON) surfaces complementing quartz as part of a broader, design-led product mix.[31]

Financial reports filed with the U.S. Securities and Exchange Commission highlight this period as a critical transition from a single-category quartz manufacturer to a diversified global surfaces brand focused on innovation, sustainability, and direct consumer engagement. Caesarstone’s filings also note intensified market competition, price pressure in North America, and growing regulatory impacts on engineered stone markets.[32]

ESG Leadership

Since 2021, Caesarstone has published an annual ESG report, which details its global-scale data, goals and goal attainment progression from 2018 until today. The key areas described are recycled materials, wastewater recovery, zero waste to landfill, improvement programs, and more.[33]

Caesarstone’s sustainability framework is structured around three pillars: Responsible Products, Responsible Operations, and Responsible supply chain. Each is measured through quantitative KPIs tied to ISO 14001 environmental standards and the UN Sustainable Development Goals (SDGs).

The company’s 2024 ESG report outlines measurable progress, a 100% recycling rate at the Lioli production plant in India, and a 100% wastewater recycling rate at the company's production sites and key distribution centers.

The launch of Caesarstone ICON and Mineral surfaces demonstrates the company’s ongoing deep commitment toward sustainable industry

Caesarstone maintains GREENGUARD Gold and NSF certifications across its core products. Through its ongoing ESG program, Caesarstone positions itself among leading surface manufacturers advancing toward net-zero operations, innovative materials, and transparent supply chain governance, aligning sustainability commitments with evolving international regulation and design industry standards.

Nasdaq IPO

In February 2012, Caesarstone filed with the U.S. Securities and Exchange Commission to execute an initial public offering of up to $115 million and list its shares on the Nasdaq stock exchange. Among the companies involved in the IPO were J.P. Morgan, Barclays, Credit Suisse, and Baird.[34][35] Caesarstone's 6.7 million shares began trading on the NASDAQ Global Select Market on 22 March and priced at $11 each. Caesarstone trades on NASDAQ in New York under the ticker symbol CSTE.[36][37]

2023 Caesarstone Australian Ad Controversy

In late October 2023, Caesarstone has launched an Australian ad campaign to oppose a ban on the product, which is linked to silicosis, a deadly lung disease. The ad claims that banning the product will harm workers and consumers. Trade unions and politicians have condemned the ad as a “disgrace” and a “misinformation” campaign, and have compared Caesarstone to James Hardie, the company notorious for its asbestos liabilities. Trade unions have also marched to the NSW Parliament to demand a ban on engineered stone. Federal and state work safety and health ministers will meet on Friday (27 October 2023) to discuss a secret report that reportedly recommends a ban on engineered stone, dubbed the new asbestos. Caesarstone is pushing for a ban only on products with more than 40 per cent silica content.[38]

Australia’s Ban on Engineered Stone

On 1 July 2024, Australia banned the importation, supply and processing of engineered stone surfaces that contain at least 1% crystalline silica, following a campaign led by trade unions, in light of a significant increase in cases of silicosis – a preventable occupational dust-related disease - among stone fabrication workers in the country.[39]

Like other quartz engineered stone surfaces[40], Caesarstone’s quartz surfaces became subject to the ban on September 1st, 2024. In alignment with the ban, Caesarstone introduced advanced mineral crystalline silica-free surfaces called ICON.[41]

See also

References

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  2. ^"Caesarstone China".
  3. ^Yasur, Eran (2012). "Company title origin (Hebrew)". YNET.
  4. ^"Investors Presentation"(PDF). Caesarstone. Archived from the original on 2017-08-20.
  5. ^"Engineered stone ban : Protecting workers' health and safety". Safe Work Australia. Retrieved 9 September 2024.
  6. ^"A Web page about the US production site". Caeserstone. Archived from the original on 2017-07-09. Retrieved 2017-08-11.
  7. ^"Caesarstone Enters Global Porcelain Countertop Market Through Majority Stake Acquisition of Lioli Ceramica". nasdaq.com. Retrieved 1 January 2026.
  8. ^Davis, Rob (2020-09-02). "Caesarstone Enters Porcelain Market with New Acquisition". Retrieved 2026-01-01.
  9. ^"Caesarstone Completes Lioli Deal – Stone Update". 2020-10-14. Retrieved 2026-01-01.
  10. ^Ross, Andrew (2019) Stone Men. The Palestinians Who Built Israel.Verso. ISBN 978-1-78873-026-6 p. 97
  11. ^"Caesarstone acquires a controlling stake in Lioli Ceramica". Ceramic World Web. 2020-09-29. Retrieved 2026-01-01.
  12. ^Marton, Hanna; Smith, Brittany (26 June 2024). "Australia bans engineered stone benchtops: what you need to know". Home Beautiful. Retrieved 9 September 2024.
  13. ^"Caesarstone to Close Last Production Factory – Stone Update". 2025-11-18. Retrieved 2026-01-07.
  14. ^Olsen, Text: Carlene. "Caesarstone Takes Marble to the Max in its Supernatural Collection". Interior Design. Retrieved 2026-01-01.
  15. ^"Caesarstone launches innovative outdoor collection of all-season surfaces » LUXE Magazine Canada + BEYOND Magazine". beyondluxemag.com. 2020-11-09. Retrieved 2026-01-01.
  16. ^"Caesarstone introduce low-silica products". stonespecialist.com. 2024-04-16. Retrieved 2026-01-01.
  17. ^"CAESARSTONE UNVEILS NEW PORCELAIN BRAND FOR MULTI APPLICATIONS: INTRODUCING LIOLI® PORCELAIN BY CAESARSTONE LTD". finance.yahoo.com. Retrieved 1 January 2026.
  18. ^"Interior design article about Los Angeles Residence of Alexandra Von Furstenberg". architecturaldigest.com. 31 March 2015.
  19. ^"Interior design - Neil Patrick Harris' home". architecturaldigest.com. March 2015.
  20. ^Toma, Nicole (2025-07-30). "Six New Silica-Free Surfaces by Caesarstone ICON | est living". est living | exceptional living. Retrieved 2026-01-01.
  21. ^"New Caesarstone surfaces blend safety, sustainability and style". designerstoday.com. Retrieved 1 January 2026.
  22. ^Schipper, K. (2025-07-08). "MATERIAL: Crystalline Silica-free Surface - Stone Update Magazine". Retrieved 2026-01-01.
  23. ^"Company profile". caesarstoneus.com.
  24. ^"Interior design article". Washingtonpost.com.
  25. ^שושן, ערן בן. "Financial article (Hebrew)". TheMarker.
  26. ^Daniel, Robert (22 March 2012). "Israel's Caesarstone relies on silica, not silicon". MarketWatch. Tel Aviv. Retrieved 25 March 2012.
  27. ^"Caesarstone Reports Fourth Quarter and Full Year 2023 Financial Results". nasdaq.com. Retrieved 1 January 2026.
  28. ^"Interior design article about T Hilfiger's home". architecturaldigest.com. September 2014.
  29. ^"Caesarstone Reports Fourth Quarter and Full Year 2024 Financial Results"(PDF). s23.q4cdn.com. Retrieved 1 January 2026.
  30. ^"Caesarstone Reports Fourth Quarter and Full Year 2016 Results". caesarstone.com. Archived from the original on 2017-08-20. Retrieved 2017-08-11.
  31. ^"Financial article (Hebrew)". calcalist.co.il. 8 February 2017.
  32. ^"Interior design article with description about Caesastone". mariobatali.com. Archived from the original on 2017-08-20. Retrieved 2017-08-11.
  33. ^"KBBFocus - Caesarstone marks sustainability milestone with ESG Progress Report". kbbfocus.com. Retrieved 2026-01-01.
  34. ^"UPDATE 1-Caesarstone Ltd. sees IPO priced at $14-$16/shr". Reuters. 6 March 2012. Retrieved 11 March 2012.
  35. ^Stynes, Tess (22 March 2012). "Caesarstone IPO Of 6.7M Shares Prices Below Expected Range". The Wall Street Journal. Dow Jones Newswires. Retrieved 22 March 2012.
  36. ^"Caesarstone Sdot-Yam closes slightly above IPO price". Reuters. 22 March 2012. Retrieved 23 March 2012.
  37. ^"CaesarStone posts 2Q profit". finance.yahoo.com.
  38. ^Ried, James (26 October 2023). "Ad supporting deadly engineered stone dubbed a 'disgrace'". The New Daily. Retrieved 26 October 2023.
  39. ^"Engineered stone ban". safeworkaustralia.gov.au. Retrieved 1 January 2026.
  40. ^"Is Engineered Stone Banned in Australia?". Caesarstone Australia. Retrieved 2026-01-01.
  41. ^"The Engineered Stone Ban". Master of Stone EN. Retrieved 2026-01-01.

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