(MENAFN- Khaleej Times)Emirates Extrusion Factory (EEF) a subsidiary of Masharie the private equity arm of Dubai Investments has announced plans to commission its third extrusion line at its plant in Techno Park which will increase its production capacity by another 7000 metric tonnes per annum.
The company has also announced plans to start a new powder coating plant with a capacity of 8400 metric tonnes per annum as demand for aluminium products surges amid rampant construction in the UAE and the region. EEF which reported turnover of over 13800 metric tonnes in 2014 is targeting growth of over 10 per cent growth in 2015 and bracing for increased demand in line with its expansion plans into Africa; including Algeria Angola Morocco Tunisia and Kenya; and Europe besides increasing growth in volumes from the UAE Oman and Saudi Arabia. Khalfan Al Suwaidi managing director of EEF said: "The ongoing building and construction activity across the Mena region is leading to huge demand for aluminium profiles. The company is planning to grow 10 per cent year-on-year for the next two to three years in the backdrop of this strong demand and growth potential. Emirates Extrusion is also creating the required additional capacity by augmenting its production line and powder coating facilities." -
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