| 10 Mar 2010 |
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Emaar Industries & Investments celebrates opening of new state-of-the-art plant by Dynergy Technologies
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New manufacturing facility in TechnoParkTechnoPark
to drive expansion of Dynergy TechnologiesDynergy Technologies, a subsidiary of Emaar IndustriesEmaar Industries & InvestmentsNew Plant brings in seven-fold expansion in production capacity
22,000 sq m LV and MV electrical switchboard manufacturing facility to create 300 jobs
Emaar Industries & InvestmentsEmaar Industries & Investments
provides support in business development, marketing, banking relations and corporate governance , a member of Emaar Properties PJSC, celebrated the opening of a state-of-the-art manufacturing plant for low voltage and medium voltage switchboards of its subsidiary Dynergy TechnologiesDynergy Technologies in TechnoParkTechnoPark, Dubai. The first phase of the new facility, sprawling over 22,000 sq m, will create 300 jobs and has a capacity to produce 30,000 switchboard panels per year. Work on the second phase is being planned with a new extension for medium voltage panels and a new product line.
Dynergy TechnologiesDynergy Technologies is specialised in the assembly and supply of Low Voltage (LV) and Medium Voltage (MV) electrical switchboards and focuses on facilitating energy solutions for local communities, hotels and construction projects.
, as a facilitator of the industrial and manufacturing sector, supports DynergyDynergy in business development, marketing, establishing banking relations and implementing strong corporate governance measures. EIIEII also secured a partnership with ABB IndustriesABB Industries for DynergyDynergy products thus bringing in advanced power and automation technology to the company. Mr. Mohammed Saeed Al Raqbani CEO of EIIEII said: "The industrial and manufacturing sector is fast evolving as a key growth driver of Dubai's economy, with small and medium enterprises accounting for up to 98.5 per cent of Dubai's business sector and accounting for 61 per cent of the total workforce. Emaar Industries & InvestmentsEmaar Industries & Investments complements the diversification efforts of Dubai Government by providing tangible and strategic support to industries in achieving their larger growth goals. The region presents an attractive opportunity for private investments in the manufacturing sector due to the planned growth to its economies, institutional reforms and market liberalization, which all create opportunities for large-scale transactions."
He explained: "The expansion of Dynergy TechnologiesDynergy Technologies to a new manufacturing facility in TechnoParkTechnoPark will further empower the company to enhance its production capacity, and also seek new geographic markets for the company's product range. EIIEII's continued support will further empower DynergyDynergy to drive growth, create new job opportunities and expand its product range.
Providing turnkey solutions in LV and MV switchgear, DynergyDynergy was previously operating out of small rented premises with a production capacity of only 4,000 panels per year. TechnoParkTechnoPark was selected as an ideal base for its own premises following an in-depth survey on various zone options in the Emirate.
Mr. Mahnad Kashani, member of Board of Directors at Dynergy TechnologiesDynergy Technologies, said: "Our expansion to the new, state-of-the-art premises in TechnoParkTechnoPark follows extensive market research. The market for LV panels alone is estimated at AED 1.5 billion and DynergyDynergy aims at tapping this growing market. We target a turnover of AED 200 million by 2012, and the new premises, developed with the support of EIIEII, will help us achieve our goal. With a seven-fold increase in production capacity, the plant will help us meet our customer requirements by providing high quality, reliable and cost-effective products."
He added: "The capacity expansion and economies of scale that the new plant brings in will create a competitive advantage for DynergyDynergy. The new plant will also assist us in further emphasising on research and development supported by adequate technical expertise."
With all products type-tested as per the specifications of an independent quality certification authority in the UK as well as IEC, DynergyDynergy expects the new facility to drive its expansion into new markets in the GCC region. The company adheres to clean, reliable and safe manufacturing practices as part of its commitment to sustainable development.
The new plant also has several energy-efficient practices with production taking place under a sun-lit semi-glassed roof and using pneumatic tools system to save electricity consumption. DynergyDynergy is a member of the Emirates Green Building Council and currently runs a third-party assessment for greenhouse gas emission, as the first step to becoming a carbon neutral entity.
DynergyDynergy offers the complete power distribution solutions for 400V and will be providing up to 22kV three-phase power. The product range includes LV main distribution boards; MV distribution boards, sub-main distribution boards, final distribution boards, capacitor banks and motor control centres, among others. "
Emaar Industries & InvestmentsEmaar Industries & Investments has an extensive portfolio of companies and joint ventures and serves as one of the primary facilitators in driving sustainable industrial growth and development. The company has forged several key partnerships, all of which have gained significant growth. EIIEII is following a strategic business model focused on sustaining and growing capacity, and diversifying the geographical reach of the companies operating currently under its umbrella.
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About Emaar Industries & InvestmentsEmaar Industries & Investments:
Emaar Industries & InvestmentsEmaar Industries & Investments (EIIEII), a member of Emaar Properties PJSC, is a private joint stock company established in August 2005 to capitalise on the growth prospects of the manufacturing sector in the Middle East, North Africa and South Asia as a strategic investor and partner. EIIEII strengthens industries by investing in existing businesses and establishing joint ventures with leading establishments. Since inception, the company has succeeded in creating an impressive brand that inspires confidence in investors. EIIEII is dedicated to investing in sustainable companies and projects that are economically beneficial and commercially sound.
EIIEII is focused on maximising its subsidiaries' long-term value, exposing them to industrial best practices, improving corporate governance, providing a solid and flexible capital base and ensuring sustainable cash flow. EIIEII focuses on capitalising on the potential of the fastest growing sectors in the region including building material, chemical and petrochemical products, FMCG, healthcare, metals, engineering industries including equipment & machinery, electronics and electrical equipment. For more details, visit: www.eii.ae
For more information, please contact:
Kelly Home / Nivine William
ASDA'A Burson-Marsteller
Tel: (+971 4) 334 4550
E-mail: k.home@asdaa.com, n.william@asdaa.com
© Press Release 2010
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