Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE - KEF, Elematic in precast technology tie-up  Join our daily free Newsletter

MENAFN - Khaleej Times - 12/12/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) KEF Holdings Chairman Faizal Kottikollon and Elematic CEO, Mats Jungar signed the agreement that would see the partnership being rolled out in a phased manner, first in India involving an investment of Dh200 million, and later in the UAE.

KEF Holdings, which has multi-million dollar investments in infrastructure, healthcare and agriculture, is setting up the first integrated factory in India for the fabrication and supply of concrete elements including columns, beams, hollow core slabs, architectural cladding panels, graphic concrete panels, aggregate finished panels and staircases.

In addition, public and trunk infrastructure works such as underground utility structures, railway sleepers, culverts, pipes, and earth retaining systems will also be produced.

The second phase of the partnership will involve KEF and Elematic working together to introduce graphical concrete to the UAE and India. Using this technology, customised patterns and images on concrete surfaces can be produced. The technology allows for modern architectural features to be printed on concrete surfaces, said Kottikollon.

"This long-term partnership with Elematic will usher in a new era for construction projects in India where frequent delays occur due to a number of challenges. With precast, very high quality elements can be produced in a factory quickly, transported and erected at site ensuring completion of construction project timelines before schedule - at a reduced cost with minimum wastage and repair," said Kottikollon.

We also look forward to introducing architectural and graphical concrete to the UAE market as well because it allows immense design possibilities for architects and developers. With the extremely large number of construction projects being planned for Expo 2020 all over Dubai, this technology which has been perfected in Finland can give a tremendous boost to the architectural landscape of the Emirate," said Kottikollon. The Indian facility, to be located in Krishnagiri, Tamil Nadu, will include a production facility for modular kitchens and bathrooms as well as a joinery unit that would manufacture high quality, interior fit outs.

A community centre with accommodation and world class sports and leisure facilities for the staff of the factory and for those in the vicinity will be co-located in the complex. Elematic will be the technology and equipment partner on the project which will supply and service all major South Indian cities including Bangalore, Chennai and Kochi. KEF Holdings has implemented precast technology in a major philanthropy initiative where a 120-year-old, Government school for girls in Nadakkavu in Calicut, Kerala has been fully upgraded with new classrooms, labs, dining hall, toilets, indoor gymnasium, astro-turf sports field and landscaping.

More than 132,000 sq. ft. of the campus was created or upgraded using Precast in a record time of 10 months. The project is part of a larger initiative called PRISM (Promoting Regional Schools to International Standards using Multiple Interventions) whereby government schools in Kerala are being upgraded in many areas.

 


Khaleej Times




  MENA News Headlines
 Jul 28 2015 - Optibiotix completes study on cholesterol reducing capsuleProactiveInvestors - UK
(MENAFN - ProactiveInvestors)-- ADDS CHIEF EXECUTIVE COMMENT DETAIL AND SHARE PRICE Life sciences group Optibiotix (LON:OPTI) has completed a clinical study for its cholesterol reducing capsules with ...

 Jul 28 2015 - Most followed: GDP GKN Hikma Melrose Resources RSA Insurance supermarketsProactiveInvestors - UK
(MENAFN - ProactiveInvestors)Conspiracy theorists who reckon governments juice up the economy so an economic revival coincides with a General Election may have to have a rethink. Either that or the ...

 Jul 28 2015 - Mosman Oil raises £400000 for deposit on acquisitionProactiveInvestors - UK
(MENAFN - ProactiveInvestors)Mosman Oil and Gas (LON:MSMN) has raised £400000 from a placing to move forward the acquisition of a producing asset along and arrange for it to be ...

 Jul 28 2015 - Risers & Fallers including Edge Virgin Money Informa Dialight Royal Mail and more...ProactiveInvestors - UK
(MENAFN - ProactiveInvestors)Below are the main news-driven share price movements at 12.15pm. RISERS Edge Resources (LON:EDG) up 16.8%. The company raised C$500000 through a private placement with ...

 Jul 28 2015 - UAE Etisalat telecom's profit dives 40% in Q2AFP
(MENAFN - AFP) UAE telecom giant Etisalat said on Tuesday its net profit plunged 40 percent in the second quarter because of higher depreciation and the impact of its troubled Saudi unit ...

 Jul 28 2015 - UAE hikes petrol prices 24%, cuts diesel 29%AFP
(MENAFN - AFP) The United Arab Emirates will hike the retail price of petrol by 24 percent but prices will still be low by international standards, a government committee announced on Tuesday. From ...

 Jul 28 2015 - Saudi Sipchem suffers 55% net loss in Q2MENAFN
(MENAFN) Saudi International Petrochemical Co. (Sipchem), records 55 percent profit loss in the second quarter, Arab News reported. According to a report, the International Petrochemical net loss is ...

 Jul 28 2015 - Saudi- Low sales, high costs put Tasnee in lossKhaleej Times
(MENAFN - Khaleej Times) Saudi Arabia's National Industrialisation, or Tasnee, on Monday said it swung to a net loss for the second quarter, which the petrochemical producer blamed on lower product ...

 Jul 28 2015 - Flat growth in Abu Dhabi housing rentsKhaleej Times
(MENAFN - Khaleej Times) The housing market in Abu Dhabi saw flat growth in rents during the second quarter of the year, while remaining stable this quarter, according to real estate investment and ...

 Jul 28 2015 - UAE hikes petrol prices by over 22%Khaleej Times
(MENAFN - Khaleej Times) The UAE on Tuesday made foray into the new era of zero-subsidy regime for fuel prices in Gulf Cooperation Council by announcing new prices for August.A high-powered ...

more...


 






Google

 
 

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

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