(MENAFN- Arab News) Emirates extruded polystyrene (eep) a subsidiary of dubai investments has announced plans to expand its production capacity in the coming two years to around 2.4 million square meters per year buoyed by the burgeoning demand for its extruded polystyrene sheets in the uae and gcc markets

The company which currently produces around 1.2 million square meters of extruded polystyrene sheets per year has witnessed a phenomenal surge in demand amidst the ongoing construction activity in the uae and the gcc.

Utilizing over 80 percent of its production capacity eep enjoys a 30 percent market share in the extruded polystyrene sheets sector across the region

The company plans to expand its production capacity at its 6235 square meter plot within dubai investments park with a new production line

This line will cater to the predicted sharp surge in demand for insulation materials once the expo 2020 projects are activated in the next two to three years

Mallikarjuna gowda general manager of eep said: 'over the last six and a half years eep has carved a niche with its polystyrene sheets manufactured in line with the highest quality standards."

Gowda said: 'with the anticipated demand likely to spurt over the next two years as the expo 2020 projects take off in dubai we have concrete plans to expand our production facility. the new production line will significantly increase the total output of the plant.

Eep's polystyrene sheets are marketed under the brand name e-foam whose main application is for heating insulation anti-impact material and major construction elements.

Other eep brands include e-roof e-wall and e-floor.

The company currently caters to the uae market and exports to a number of countries including oman saudi arabia bahrain india pakistan thailand and botswana among others

Demand for insulation material in the gulf countries is expected to grow phenomenally and boosted by a uae federal law that enforces the use of energy-saving and environment-friendly building materials in the construction industry which has made extruded polystyrene sheets mandatory for the insulation of roofs walls and foundations

Eep has secured environmental compliance in all stages of production along with dcl (dubai central laboratory) certification from dubai municipality with all residual matter from the manufacturing process recycled with the original raw materials to achieve zero wastage.

'the entire production process has been designed in line with our strategy to promote energy-efficiency and sustainability which is highly regarded as green project" summed up gowda

Eep is a joint venture company of dubai investments and farha brothers of cloisall company and commenced commercial production in september 2007.