The Fragnani Group's first company was founded in 1971, producing clay roof tiles in Cordeirópolis-SP. In 1989, founder Valdemar Fragnani started manufacturing glazed ceramic tiles. In 2004 Valdemar expanded the business to the Northeast with the company Incenor and in 2007 with Tecnogres Porcelanatos. Today, the Fragnani Group owns three ceramics factories (Incefra, Incenor and Tecnogres) and a mining company (Água Branca). Together, the companies are among the 1,000 largest companies in Brazil, rank 11th as the world's largest producer of ceramics and 9th as the world's largest exporter of ceramics.

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