01 October 2012
GULF Extrusions, one of the largest aluminium extrusion plants in the Gulf region, says its exports to India have increased by a whopping 300 per cent this year compared to figures for 2011.
This, the company says, establishes the Indian market as a key destination in the global expansion strategy of the company.
The GCC and African markets have likewise contributed to the increase in production with projected growth rates of seven and six per cent, respectively, in 2012.
The increase in production is part of the company’s strategy of diversifying its product range and markets to cater to a much wider customer base across different industry sectors such as construction, oil and gas, marine, automotive and telecommunications, says an official.
Gulf Extrusions general manager Modar Al Mekdad comments: “The surge in demand in new export markets as well as the consistently strong performance achieved in traditional markets across the Middle East has prompted Gulf Extrusions to boost its production capacity this year.
“The Indian market has been particularly impressive with exports expected to triple this year alone. Gulf Extrusions will continue with its strategy of increasing production capacity to give us greater flexibility to expand in new export markets, reach new geographical territories and diversify our product portfolio.”
The UAE-based Gulf Extrusions, part of Al Ghurair Group of Companies, produces aluminium extruded profiles ranging from architectural sections to components for air-conditioning grills, furniture, marine applications, transportation, automotive, and customised products.
It also extrudes products for several European customers and companies. It recently became the first extrusion company in the GCC region to receive the Emirates Quality Mark certification from the Emirates Authority for Standardisation and Metrology (Esma).