Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Emirates Extrusion to invest Dh13m in Dubai plant  Join our daily free Newsletter

MENAFN - Khaleej Times - 01/01/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - Khaleej Times) The new line, to be added by mid-2014, will further augment the production capacity to 6,000 Metric Tonnes (MT) and will go a long way in bolstering the company's leadership in the sector. The new line will also boost the production of wooden finish and powder-coated aluminium, which augurs well for EEF amidst surging demand due to the construction boom in the region.

The company, which reported an annual turnover of Dh190 million in 2012, also unveiled plans to aggressively target the export markets in the wake of burgeoning construction activity across Saudi Arabia, Qatar, Oman, Yemen and Africa. EEF currentlexports nearly 60-70 per cent of its production to various countries across the Middle East and Africa.


Khalfan Al Suwaidi, MD of EEF, said: "The resurgence of the construction industry across the GCC and beyond is indeed good news for Emirates Extrusion, and we plan to cater to this inherent demand for extruded aluminium through our new production line. Construction takes a major chunk of our business nearly 80 per cent, with the rest being earmarked for industrial downstream projects. The new line will not only go a long way in escalating our overall output but also help us offer the most reliable aluminium profiles to the market."
MENAFN0101201400490000ID1093750625

 


Khaleej Times




  MENA News Headlines
 Jan 16 2017 - Emir of Qatar phones Vice President of YemenSaudi Press Agency
(MENAFN - Saudi Press Agency) Doha, Rabi'II 18, 1438, January 16, 2017, SPA -- Sheikh Tamim bin Hamad Al Thani, Emir of Qatar, made a telephone call to Vice President of Yemen General Ali Mohsen ...

 Jan 16 2017 - Spokesman of British government lauds Saudi Arabia's role in combating terrorSaudi Press Agency
(MENAFN - Saudi Press Agency) London, Rabi'II 18, 1438, January 16, 2017, SPA -- Edwin Samuel, Spokesman of the British government for Middle East and North Africa lauded the role the Kingdom of ...

 Jan 16 2017 - Kuwait- World Economic Forum (WEF) kick off Tues.Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) GENEVA, Jan 16 (KUNA) -- The 47th World Economic Forum (WEF) will kick off on Tuesday in Davos Resort, Switzerland with the participation of around 3,000 world ...

 Jan 16 2017 - Kuwait's KRCS offers more food to displaced Iraqis from MosulKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) IRBIL, Jan 16 (KUNA) -- The Kuwait Red Crescent Society (KRCS) on Monday offered 860 food packages to displaced Iraqis from Mosul who are staying in Irbil, in ...

 Jan 16 2017 - Kuwait- 9th donors meeting tackles progress of aid to Syria - Al-MaatouqKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, Jan 16 (KUNA) -- The ninth meeting of major donors to Syria will examine how far pledges of aid made at the Syria donors conference last February in ...

 Jan 16 2017 - Kuwaiti FM heads to UAE for Asian meetingKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, Jan 16 (KUNA) -- Kuwaiti First Deputy Prime Minister and Foreign Minister Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah has left for the UAE to attend a ...

 Jan 16 2017 - Kuwait- His Highness Amir's Rep. heads to Saudi Arabia for condolenceKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, Jan 16 (KUNA) -- His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah's Representative, Deputy Minister of Amiri Diwan Affairs Sheikh Ali Jarrah ...

 Jan 16 2017 - Kuwait- Parliament speaker offers condolence to Kyrgyz counterpart over plane crashKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, Jan 16 (KUNA) -- National Assembly Speaker Marzouq Al-Ghanim Monday sent a cable of condolences to his Kyrgyz counterpart Chynybay Tursunbekov over the ...

 Jan 16 2017 - A New Cold Wave to Sweep Across MoroccoMorocco World News
(MENAFN - Morocco World News) Casablanca – Several regions of Morocco will experience a significant drop in temperatures from Sunday through Tuesday, according to the Directorate of National ...

 Jan 16 2017 - Qatar- Emir directs to pay QR43.8m to solve Gaza's power woesThe Peninsula
(MENAFN - The Peninsula) Emir H H Sheikh Tamim bin Hamad Al Thani directed to swiftly pay QR43.8m to solve the problem of electricity in the Gaza Strip. The Emir also directed that an international ...

more...


 





Google

Easy Forex
 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help