Natural stone is a popular tiling material that is manufactured under the earth crust. The material is created due to varying temperature and pressure inside the earth, which leads to the presence of varied texture and properties of the natural stone. However, marble, granite, quartz and limestone are the most popular tiling material for household construction.

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A look into the future

Trends for 2010

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Stonereport: How has the economic downturn affected your business?
Gary Distelhorst: The U.S. stone industry is not immune to the global economic downturn. A spot survey of Marble Institute members suggests that nearly all of our member stone companies have experienced a dip in their business

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Steep reduction in Italian exports of marble and granite

In the first four months of 2009 Italy exported 1 million 48 thousand tons of stone (raw materials, finished products and chips), for a value of 427 million 475 thousand euro, which corresponds to a 21,3% reduction in quantity and a 23,6% reduction in value compared to the same period in 2008.

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Hyderabad: Yet another fallout of the global financial meltdown is witnessed in India’s heartland. The slowdown now hits hard the granite industry in Andhra Pradesh. Touted as the stone “galaxy” but now facing a financial crunch is an industry dealing in a special type of granite that comes mostly from about two dozen quarries in Chimakurthy in Andhra Pradesh. 

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In december 2008 representatives of various Indian granite and stone industries demanded a slew of measures from the Union Government to save the trade, which has been badly affected by the economic meltdown in the US and UK. They were participating in an interactive session, organised by CAPEXIL, a body sponsored by the Ministry of Commerce and Industry for promoting export.

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