Friday, Sep 04, 2015
Dubai: Emirates Extrusion Factory LLC [EEF], the private equity arm of Dubai Investments PJSC [DI], has announced plans to commission its third extrusion line at its plant in Techno Park, Dubai. The company is expecting to increase its production capacity by another 7,000 Metric Tonnes per annum.
The company has also announced plans to start a new powder coating plant with a capacity of 8,400 Metric Tonnes per annum, as demand for aluminium products surges amidst rampant construction projects in the UAE and region.
EEF, which reported a total turnover of over 13,800 Metric Tonnes in 2014, is targeting growth of over 10 per cent growth in 2015 and bracing for increased demand in line with its expansion plans into Africa; including Algeria, Angola, Morocco, Tunisia and Kenya; and Europe, besides increasing growth in volumes from the UAE, Oman and Saudi Arabia.
EEF, exports around 60-70 per cent of its finished goods across the MENA region. It said in a statement it expects an increase in demand from downstream projects in UAE and across the GCC.
“There have been significant investments in transportation, electrical and industrial sectors across the UAE and GCC states, and demand for aluminium extrusion profiles for these sectors is expected to surge in the near future. Aluminium exports are expected to be robust in the future and becoming one of the key non-oil industry sector in the UAE,” said Khalfan Al Suwaidi, Managing Director of EEF.
Aluminium production in the GCC is expected to grow significantly in the short to medium term and the region is expected to contribute around 15 per cent of the total global production of aluminium by 2015.
Staff Report
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