Monday, Jul 16, 2012
Ras Al Khaimah -- The Advanced Refractory Division of Vesuvius Group has begun its three-phase $10.5 million capital investment in the emirate with Ras Al Khaimah Investment Authority (RAKIA),Vesuvius Group provides products, services and technologies dedicated to high temperature industrial processes. The Advanced Refractory Division, using proprietary refractory products and innovative installation techniques, reduces maintenance down time and extends service lives for its customers, in addition to providing additional benefits of reducing energy consumption and minimising process waste. Representing the single largest investment for the European Advanced Refractory business in 2012, Phase I will have a built size of 6,450m2 and employ 52 people with an initial investment of US $7.5 million. Following completion of Phase III, the premises will occupy 12,250m2 and employ 127 people, representing a total investment of US $10.5million.
Staff Report
Gulf News 2012. All rights reserved.
