Fu-Wang Ceramic

What Fu-Wang Ceramic does

Fu-Wang Ceramic Industry Limited, headquartered in Dhaka, Bangladesh, manufactures and distributes ceramic wall, floor, and stair tiles under a multi-brand portfolio including Fu-Wang Tiles, Picasso Tiles, and Picasso Premium. Founded in 1995, the company operates a single production facility in Hotapara, Gazipur, and serves residential homeowners, commercial builders, and industrial buyers across Bangladesh. Its product range spans multiple sizes (20x30 to 60x60) and incorporates technical features including 0.05% water absorption, scratch resistance, anti-slip surfaces, and heavy-traffic durability.

The company distributes primarily through a 70-dealer network covering all eight administrative divisions of Bangladesh, supplemented by a company-owned sales and display center in Dhaka and an e-commerce storefront on its corporate website. Pricing is quote-based rather than publicly listed. Fu-Wang also operates a Tiles Visualizer digital tool that allows customers to preview tiles in spaces before purchase, and maintains an Investor Relations section consistent with a publicly listed or formerly listed Bangladeshi entity (Dhaka Stock Exchange listing status not confirmed in source).

Revenue mechanics are driven by unit sales of manufactured ceramic tiles across three primary segments (residential, commercial, industrial), with a secondary segment in religious institutions (mosque tiles). The business model is asset-intensive manufacturing plus B2B2C distribution via dealers, with no subscription, SaaS, or recurring revenue components. Operational and financial transparency is limited in the available source data — no headcount, revenue figures, ownership details, or recent strategic transactions are disclosed beyond operational footprint.

Name

Fu-Wang Ceramic

Legal name

Fuwang Ceramic Industry Limited

Website

https://fuwangceramic.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Fu-Wang Ceramic Industry Limited is a Bangladeshi ceramic tile manufacturer founded in 1995, producing wall, floor, and stair tiles under Fu-Wang, Picasso, and Picasso Premium brands, and distributing through 70 dealers and company showrooms across Bangladesh for residential, commercial, and industrial customers.

Ownership category

akta.pro rank

Product category

Ceramic Tile Manufacturing

NAICS

Clay Building Material and Refractories Manufacturing (327120)

SIC

Pottery & Related Products (3260)

akta.pro primary industry

Ceramic, Porcelain & Natural Stone Tile Flooring (IMADAJAE)

Keywords

• Ceramic tile manufacturing
• Wall floor tiles
• Ceramic tile brands
• Tile distribution network
• Homogeneous tile production

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Ceramic Tile Manufacturing and Sales: Fu-Wang Ceramic generates revenue through manufacturing and selling ceramic tiles including wall tiles, floor tiles, and stair tiles under multiple brands (Fu-Wang Tiles, Picasso Tiles, Picasso Premium) across residential, commercial, and industrial segments.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Fu-Wang Ceramic manufactures and sells ceramic wall tiles, floor tiles, and stair tiles under its Fu-Wang Tiles and Picasso Tiles (with Picasso Premium sub-brand) brand portfolios. Tiles are offered in multiple sizes from 20x30 to 60x60 and serve residential, commercial, industrial, and religious-building applications across Bangladesh.

Product overview

Fu-Wang Ceramic Industry Limited is a Bangladeshi ceramic tile manufacturer offering a comprehensive portfolio of tile products under two main brands: Fu-Wang Tiles (primary brand) and Picasso Tiles (premium brand, including Picasso Premium sub-brand). The product range includes Wall Tiles, Floor Tiles, and Stair Tiles designed for various applications including Kitchen, Bathroom, Bedroom, Living Room, Outdoor, Commercial, Industry, Exterior & Stair, and Mosque segments. Tiles are available in multiple sizes (20x30, 25x40, 30x30, 30x60, 31x31, 40x40, 60x60). The company also provides a Tiles Visualizer digital tool for customer engagement. Products are distributed through 70 dealer points across Bangladesh and an e-commerce platform.

Differentiator

Problem solved

Functional benefit

Brands

• Fu-Wang Tiles: Primary tile brand offering wall tiles, floor tiles, and stair tiles for residential and commercial use
• Picasso Tiles
• Picasso Premium

Products and services

• Fu-Wang Tiles Primary ceramic tile brand offering wall tiles, floor tiles, and stair tiles for residential and commercial applications in Bangladesh.
• Picasso Tiles Premium ceramic tile sub-brand offering wall and floor tiles in sizes including 30x60, 40x40, and 60x60, with designs for bathrooms, kitchens, bedrooms, living rooms, and commercial spaces.
• Picasso Premium Higher-tier variant of the Picasso tile brand, positioned as premium quality ceramic tiles.
• Wall Tiles Ceramic wall tiles designed for interior wall applications including kitchens, bathrooms, and living areas, available in multiple sizes.
• Floor Tiles Ceramic floor tiles designed for residential, commercial, and industrial floor applications.
• Stair Tiles Ceramic tiles specifically designed for stair applications, part of the Exterior and Stair product category.

Quantifiable outcome

• Water absorption rate of 0.05% - significantly below industry average indicating superior tile density and quality

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators1 record

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Roca Group: Spanish global leader in bathroom and ceramic tile products with multi-brand portfolio and worldwide dealer network. Similar product-and-channel architecture to Fu-Wang, but with international scale, premium brand positioning, and broader bathware exposure.
• Mohawk Industries, Inc. World's largest flooring manufacturer (ceramic, porcelain, LVT, carpet) with global distribution. Compares to Fu-Wang through its ceramic tile segment, but operates globally and at vastly greater scale, making it the relevant incumbent ceiling for what a tile franchise can become.

Regional players

• Kajaria Ceramics Limited: India's largest ceramic tile manufacturer with multi-brand portfolio and pan-India distribution. Highly comparable in product structure (wall/floor tiles, multiple brands, dealer network) and cost discipline, but operating in India rather than Bangladesh; represents the most credible cross-border competitive benchmark for Fu-Wang.
• Cera Sanitaryware Limited: Indian sanitaryware and tile company focused on premium bathroom and floor solutions. Comparable in tiered brand positioning and dealer-network distribution, though primarily sanitaryware rather than tile manufacturing.
• Asian Granito India Limited: Indian large-format tile and engineered stone manufacturer with strong dealer footprint. Comparable in product breadth (tiles for residential, commercial, industrial) and pricing-tier segmentation; useful regional scale benchmark.
• Somany Ceramics Limited: Indian ceramic tile manufacturer with strong brand, dealer franchise, and bathware adjacencies. Comparable product mix and channel model to Fu-Wang; useful regional benchmark for unit economics and dealer economics.

Direct peers

• Mir Ceramic Industries Limited: Bangladesh-based ceramic tile manufacturer competing in the same mass-market and mid-tier segments. Comparable plant-and-channel footprint, offers a useful domestic benchmark for cost structure and pricing.
• Shinepukur Ceramics Limited: Dhaka-based listed Bangladeshi ceramic tableware and tile manufacturer serving both domestic and export markets. Comparable because it operates in the same country with similar capital-intensive kiln operations, similar customer segments, and similar exposure to Bangladesh currency and energy-input dynamics.
• Great Wall Ceramic Industries Limited: Bangladesh-listed ceramic tile manufacturer with direct domestic overlap in wall and floor tiles, similar dealer-driven distribution, and similar input-cost exposure. Close second-tier comparable for pricing and market share analysis.
• RAK Ceramics Bangladesh: Bangladesh subsidiary of UAE-based RAK Ceramics, one of the world's largest ceramic tile manufacturers. Directly competes with Fu-Wang in wall, floor, and porcelain tiles across Bangladesh through an overlapping dealer and project-channel model in the same residential, commercial, and industrial segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/fuwangtilespicasso

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fu-Wang Ceramic