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: UAE
Free Zones Newsletter - Issue 61 - June 2008 |
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| GGICO open one of the region's largest aluminium factories |
| Gulf General Investment Company (GGICO), a Dubai based investment company, officially inaugurated one of the largest aluminium extrusion factories in the region in an opening ceremony attended by the vice chairman of DUBAL, H.E. Ahmed Humeid Al Tayer. |
Vice Chairman of DUBAL, H.E. Ahmed Humeid Al Tayer (center) cuts the ribbon at the opening ceremony. |
National Aluminium Extrusion L.L.C., NALEXCO, is 400,000 sq ft factory with a production capacity of 15,000 ton per annum.
GGICO Managing Director Mohammed Abdalla Al Sari said that the inauguration signifies the beginning of phase one for the NALEXCO project.
'We are expecting an annual turn over of Dhs200 - 220m during this first phase, which we expect to jump to DHS 330 million by the end of the second and final stage,' he said. 'Along with this, we are currently employing 150 staff, made up of western and Arab experts, which will rise to 200 at the final phase.'
NALEXCO's third phase will see a third extrusion line installed, raising the factory's capacity to 22,000 ton per year accompanied with a double vertical powder quoting line of 25,000 ton capacity per year.
Located at Dubai investment Park, NALEXCO utilizes the latest in cutting edge aluminium extrusion technology with a focus on quality.
Outside of the UAE, GGICO have another factory of a similar size being prepared in Jordan, and the company is studying market opportunities and requirements in the greater GCC area, particularly in KSA and Qatar. |
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Courtesy AME Info FZ LLC
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