Targets Qatar's fast-growing construction industry that is estimated to attract investments worth AED 183 billion over the next 5 years
In a strategic move aimed at consolidating its market position in the region, Gulf Extrusions, one of the largest aluminium extrusion plants in the Gulf, has announced its expansion into the Qatari market.
The move comes in the wake of Gulf Extrusions' increased activity in the Qatari market, triggered by the construction boom in the country. Market forecasts indicate investments worth AED 16.9 billion will flow into Qatar's construction sector in 2006 alone and an astounding AED 183 billion over the next five years. Gulf Extrusions will open a full-fledged sales office in Qatar by the end of 2006.
"Qatar is today witnessing a phase of unprecedented economic growth, epitomized by the country's booming construction sector," said Robert Holtkamp, Director of Sales and Marketing, Gulf Extrusions. "For Gulf Extrusions, Qatar has traditionally been a key target market. There has been a significant increase in our activity in Qatar over the past few years, during which we won several prestigious contracts and strengthened our position in the local market."
"With Qatar's construction sector projected to sustain its growth momentum into the future, we believe this is the right time to open a full-fledged sales office in the country. Having a direct presence in Qatar will allow us to serve our clients in close proximity, and fulfill their needs and requirements more efficiently. To cater to increased demand, we have more than doubled our production capacity," added Holtkamp.
Gulf Extrusions recently increased its annual production capacity from 30,000 tonnes to 65,000 tonnes. The raise in production capacity was necessitated largely by the company's stepped up activity in the Qatari market. Gulf Extrusions supplies high-quality aluminium profiles for various industrial and architectural projects in Qatar, including the prestigious Al Dafna Towers.
Over the years, Gulf Extrusions has earned a reputation for innovation and reliability in handling multi-task projects. The company constantly makes new investments in technology and upgrades existing IT infrastructure to provide the best possible services to clients.
Commenting on the market scenario in the GCC, Holtkamp said, "There is strong competition in the regional aluminium profile sector as a result of the modern economic policies being pursued by most GCC countries. However, Gulf Extrusions has carved a niche for itself by combining a steadfast commitment to quality with an ability to meet diverse customer requirements."
Gulf Extrusions produces over 7,000 aluminium profiles, ranging from architectural sections to components for household items, AC grills and customized products. The company also extrudes products of several European suppliers and companies under agreement.
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About Gulf Extrusions:
Gulf Extrusions is the largest extrusion plants in the Gulf with a 27 year history of top quality production. Located at Jebel Ali, it is minutes away from one of the busiest sea ports in the Gulf. The plant is designed to produce aluminum sections in mill finish, silver, bronze, gold and color anodized, and powder coated finishes. The modem processing equipment and techniques permit the company to produce a range of over 7,000 profiles. These vary from architectural sections to components for household items, AC grills and customized products. Nearly 60% of the output generated by Gulf Extrusions is used in the local market to support the building and construction projects. Gulf Extrusions also exports to various markets in GCC and Middle East countries, as well as markets in Europe, West Africa, Asia and Canada.
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© Press Release 2006
