Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Gulf Extrusions reveals surge in revenues and production attributed to massive expansion drive  Join our daily free Newsletter

MENAFN Press - 24/03/2014
No. of Ratings : 0
Add to Mixx!

(MENAFN Press) Gulf Extrusions (Gulfex), a leading global manufacturer of extruded aluminium products, has announced that the year has ended with a surge in market share. The company registered an increase in revenues as well as production volume, which is highly attributed to its expansion initiatives-expanding into new sectors and winning new projects. The Middle East and the USA are the two most significant markets for Gulfex. Both markets have reported the largest shares of aluminium sales, while the GCC and European regions have also shown a significant increase in demand

It is part of Gulfex's business strategy to determine new growth paths and follow them with an aim to diversify its line of production by targeting different industry sectors. As a result, the company has been able to successfully penetrate different sectors such as marine and aviation and offer a huge variety of aluminium products that comply with market demands. This success has also enabled Gulfex to enter fresh markets and target new industry divisions

Modar Al Mekdad, General Manager, Gulf Extrusions, said: "The excellent performance we received in 2013 has affirmed that we are moving in the right direction--having achieved what we had set out for the year. We now have a unified factory that adheres to global standards through which we are able to respond to market needs as well as produce a diversified range of aluminium products. All these factors have resulted in a strong portfolio for the company, enabling us to gain a competitive advantage as well as a core competency to venture into unexplored markets and address new industries."

Gulf Extrusions, a metal industries company and a member of the Al Ghurair Group, produces aluminium-extruded profiles ranging from architectural, industrial and automotive sections to components for windows, furniture, marine applications, transportation, and customized products. It also extrudes aluminium for several European customers and companies. Gulf Extrusions was the first extrusion company in the GCC to receive the Emirates Quality Mark certification from the Emirates Authority for Standardization and Metrology as well as a Certificate of Appreciation from the Dubai Quality Group.

About Gulf Extrusions
Gulf Extrusions



  MENA News Headlines
 Nov 27 2015 - Qatar- Buoyed by strong buying, QSE snaps four days bearish spellGulf Times
(MENAFN - Gulf Times) Snapping four days of bearish spell, Qatar Stock Exchange gained a marginal 11 points, mainly on buying in the transport, realty and insurance stocks.Domestic institutions ...

 Nov 27 2015 - Saudi Aramco plans to invest more in Indonesian oil sectorGulf Times
(MENAFN - Gulf Times) Saudi Aramco is looking for further investment opportunities in Indonesia's downstream refining and petrochemicals industry, the company's CEO said yesterday, after initiating a ...

 Nov 27 2015 - Despite $500bn loss, Opec seen holding the line at Vienna meetGulf Times
(MENAFN - Gulf Times) It'll take more than $40 crude to make Opec change its mind, analysts said before the group's December 4 meeting in Vienna.In the year since the Organisation of Petroleum ...

 Nov 27 2015 - Qatar- WTCC season finale set to light up Losail circuitGulf Times
(MENAFN - Gulf Times) This time at the Losail International Circuit, the screeching wail of the MotoGP and the WSBK motorcycles will be replaced by the guttural exhaust note of the touring cars ...

 Nov 27 2015 - UK- Time to start bombing IS, Cameron tells lawmakersGulf Times
(MENAFN - Gulf Times) Prime Minister David Cameron told lawmakers yesterday it was time to join air strikes against Islamic State militants in Syria, saying Britain cannot "subcontract its security ...

 Nov 27 2015 - Blogger case still before Saudi courts: ministerGulf Times
(MENAFN - Gulf Times) The case of Saudi blogger Raif Badawi, whose flogging sentence created worldwide outrage, is still before the courts, Foreign Minister Adel al-Jubeir said on Thursday."The legal ...

 Nov 27 2015 - Palestinian hits Israeli soldiers with car in West Bank, shot deadGulf Times
(MENAFN - Gulf Times) A Palestinian rammed his car into Israeli soldiers at a bus station in the occupied West Bank Friday before being shot dead, police said. "A Palestinian car hit two Israelis ...

 Nov 27 2015 - Envoy meets head of Qatar-EU Friendship GroupGulf Times
(MENAFN - Gulf Times) Qatar's Ambassador to Belgium and head of Qatar's mission to the European Union, HE Sheikh Ali bin Jassim al-Thani, met at the European Parliament the head of the ...

 Nov 27 2015 - Qatar- Traffic diversion for 2 years in Al Rayyan areaGulf Times
(MENAFN - Gulf Times) A traffic diversion for almost two years will come into effect on Gharrafat Al Rayyan Street between Gharrafat Al Rayyan Roundabout and Qatar Foundation (Civil Defence) from ...

 Nov 27 2015 - KSA's Aramco plans to spend big-cash in IndonesiaMENAFN
(MENAFN) Saudi Aramco seeks further investment chances in Indonesia's downstream refining and petrochemicals industry, amid its recent USD5.5 billion development to enhance Indonesia's biggest ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

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


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


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