2007'10.12.Fri
Alghanim Industries Doubles Manufacturing Capacity in Building and Construction Materials
October 08, 2007
DUBAI, Oct. 8 /Xinhua-PRNewswire/ --
Alghanim Industries, one of the largest,
privately-owned companies in the Gulf region, today
announced a doubling of their capacity in the mineral wool
insulation and pre-engineering steel buildings (PEB)
business units. Both businesses are the market leaders in
the region. This investment is aimed at meeting future
demand in the booming regional construction industry and is
part of the unfolding growth plans of the company.
The expansion in insulation materials will be in the
GCC, India and Turkey. By the end of 2008, the insulation
business unit will have doubled its installed capacity to
230,000 metric tons positioning it amongst the top fifteen
global manufacturers. The added capacity is a combination
of increases earlier this year in Turkey and upcoming new
greenfield plants in the UAE and in Silvassa, in western
India. This increase in capacity follows the joint
acquisition of IZOCAM, Turkey with Saint Gobain Isover, in
2006. Part of this overall capacity increase will go
towards expanding the range of its downstream products.
In addition, Alghanim's Kirby business unit, one of the
top five world leaders in steel buildings (PEB), will double
its capacity to 400,000 metric tons through its greenfield
facilities in the UAE (Ras Al Khaimah) and Vietnam, as well
as expansion of existing plants in Hyderabad, southern India
and in Uttaranchal, in northern India.
Omar K. Alghanim, CEO of Alghanim Industries,
commented, "Alghanim Industries is committed to
enhancing value for our customers and further strengthening
our market leadership position by continuing to make major
strategic investments worldwide. Today's announcement
reflects our investment in the Insulation and Kirby
business units as a key element of our growth
strategy."
About Alghanim Industries:
Alghanim Industries, headquartered in Kuwait, is one of
the largest, privately-owned companies in the Gulf region. A
multinational company in outlook with operations in 40
countries, Alghanim Industries is a multi-billion dollar
conglomerate with more than 30 businesses. It has a nearly
100-year heritage as a successful commercial enterprise in
the Gulf region, with a proven track record of reacting to
economic and market changes. As a result, this diversified
corporation has built a reputation synonymous with market
leadership.
For additional information please contact:
Zafar Momin
Executive Vice President
Alghanim Industries
Tel: +965-881111 ext. 3410
Mob: +965-684-2056
Email: zmomin@alghanim.com
PR
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