(MENAFN- Khaleej Times) India's Pidilite Group has entered into a partnership with German firm Stauf Klebstoffwerk to foray into commercial flooring business in GCC countries.
Bharat Puri, managing director of Pidilite Industries, said through the partnership, the company aims to strengthen its presence in commercial flooring business in Middle East, where the growth potential for this segment is fast growing.
Speaking to Khaleej Times in Dubai, Puri said the joint venture would start manufacturing the new range of commercial flooring at Pidilite's factory at Dubai Investment Park II.
"The local manufacturing facility will ensure that Pidilite's customers would be provided a whole range of Pidilite offerings as well as easy access to solutions for their needs under the umbrella of Pidilite," said Puri.
Puri said Pidilite UAE now caters to different segments. The company also expanded operations in Oman, Bahrain, Kuwait, Saudi Arabia and other Middle East countries, including Lebanon, Jordan, Syria, Yemen and Iraq. The factory at Dubai Investment Park manufactures and supports a range of construction chemicals tailor-made specifically for the GCC market.
Volker Stauf, managing director of Stauf Klebstoffwerk, said the partnership with Pidilite would be long and sustained one.
"The company's core competence lies in innovation in both technology and R & D, and providing effective training to the applicants," said Stauf.
"Our collaboration is for the long term, and leverages the well-known strengths and capabilities of the two companies. It aims to provide best-in-class technology and products to customers through this collaboration," he pointed out.
Issac John Associate Business Editor of Khaleej Times, is a well-connected Indian journalist and an economic and financial commentator. He has been in the UAE's mainstream journalism for 35 years, including 23 years with Khaleej Times. A post-graduate in English and graduate in economics, he has won over two dozen awards. Acclaimed for his authentic and insightful analysis of global and regional businesses and economic trends, he is respected for his astute understanding of the local business scene.
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.