International Rubber Company (IRC), a subsidiary of M'Sharie, the private equity arm of Dubai Investments, has recently announced that it has been awarded a major contract to supply rubber gaskets and silicone sealant for the West Bay Lagoon Plaza development in Doha, Qatar.
The deal, commencing in May 2007, appoints IRC to supply rubber gaskets for the exterior walls of the development to form a seal against air, water and wind infiltration, in addition to providing silicone sealant for structural glazing applications. Construction on the West Bay Lagoon Plaza is expected to be finished in 2008, at a total cost of almost AED 80 million.
Commenting on the appointment, Hashim Al Hashim, Managing Director, IRC, said, "This high value contract represents the growing reputation of IRC as one of the region's leading rubber companies. Our commitment to using only premium quality products combined with our strong work ethic has enhanced our status and enabled us to undertake major international expansion."
The contract represents the latest international acquisition for the company, which currently supplies products to major developments in Singapore, Qatar, England and Saudi Arabia. IRC was recently honoured by receiving a Dubai Quality Appreciation Program Award from the Department of Economic Development, in recognition of the company's commitment to high performance and superior service in the Industrial Manufacturing industry.
IRC is a UAE-based company that produces and markets synthetic polymer rubber and plastic products specifically catering to the property development industry. The company, acquired by M'Sharie in Dec. 2006, produces high quality weather strip and associated products including structural, container and automotive seals, moulded rubber items, plastic items and PVC waterstops.
In addition to international projects, IRC has supplied products to many of the UAE's premier property developments, including the Burj Dubai, Jumeirah Beach Resort and Dubai Festival City.
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© Press Release 2007
