Dubai, UAE; June 3, 2007: Multiforms, the Dubai based architectural aluminium façade specialist and subsidiary of Emaar Industries & Investments (EII), signed its first international deal for the Design, Supply and Installation of a building envelope with UK based Multiplex (UK) Construction with a value of AED 62 million.
As per the deal, Multiforms will design, supply and install the external envelope to Castle House, situated in Elephant and Castle, London. Castle House is 43-storey residential building that forms part of the regeneration plan for the Elephant and Castle area and will form the centre piece of this prestigious development.
"Today is a landmark day for Multiforms as the signing of this agreement is the first step for our company in our international growth. We are already established as a major player in the GCC market, and the agreement will help us position internationally as a recognised supplier of building envelope systems," said Mr Firas Rifai, Managing Director, Multiforms L.L.C.
Mr Ross Ballingall, Director, Multiplex (UK) Construction, said: "Having worked on Emaar's Dubai Marina and currently working with Lord Foster and Partners, and Union Properties at Index Tower, and Motor City Automall, Multiforms has shown its commitment and ability to work as part of a professional construction team. This agreement proves Multiplex's commitment and trust in Multiforms to produce a product that will meet the required international standards."
"Multiplex employs the best capabilities from around the world for the development of Castle House. Together with Multiforms, we are confident that the successful completion of this project will lead to more prestigious projects being awarded to Multiplex," added Ballingall.
Considered to be the fastest-growing company in its field, Multiforms is a subsidiary of EII, a global investor that capitalises on growth prospects in the manufacturing sector by investing in existing businesses and establishing joint ventures with leading establishments.
Since its association with EII, Multiforms' production capacity has increased by 400 per cent. EII's involvement has allowed it to ratchet up its engineering capabilities, introduce new senior management and move the business into a new 8,000 sq m facility in Dubai Investment Park (DIP). In the process, turnover has climbed more than 300 per cent since EII's involvement began a year ago.
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About Multiforms:
Multiforms was established in 1997 in Dubai as a specialist in aluminium and UPVC fabrication and installation. Multiforms is increasingly prominent as a manufacturer and supplier of custom aluminum windows, doors, curtain walling, cladding and an extensive range of advanced architectural materials. In the rapidly growing Middle East market, particularly the United Arab Emirates, the company achieved substantial growth to become one of the largest UPVC supply and installation companies. Regionally, the company is currently expanding, diversifying, setting trends, and raising quality standards to serve its customers' needs and requirements.
Multiforms is a subsidiary of Emaar Industries & Investments (EII), a global investor that capitalises on growth prospects in the manufacturing sector by investing in existing businesses and establishing joint ventures with leading establishments. Since the acquisition by EII, Multiforms' billing and production capacity has increased by 400 per cent. In the process, turnover grew by more than 300 per cent since EII's involvement began more than year ago.
About Multiplex:
Multiplex was founded in 1962 in Perth, Western Australia, by John C Roberts AO. The company has grown strongly over the last four decades and has thrived through a number of different property and economic cycles. Today, Multiplex Group is a fully diversified property business that derives its revenue from property development, construction, property funds management and facilities management. The Group employs over 2,000 people across these four divisions and has established operations throughout Australia, New Zealand, the United Kingdom and the Middle East.
Multiplex Group's strong track record has given it an established brand with a reputation for quality, innovation and the successful delivery of major projects, particularly large commercial, residential, retail and specialist design and construction projects. Recent examples of such projects include: Southern Cross in Melbourne; World Square in Sydney; The Knightsbridge, London; and Dubai Marina in the United Arab Emirates.
About Emaar Industries & Investments:
Emaar Industries & Investments (EII), a member of Emaar Properties PJSC, is a private joint stock company established in August 2005, to capitalise on the growth prospects of the Middle East and North Africa (MENA) and South Asian manufacturing sector as a strategic investor and partner. EII 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.
EII is dedicated to investing in sustainable companies and projects that are economically beneficial and commercially sound. EII 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.
EII focuses on exploiting the potential of the fastest growing sectors in the region, including building materials, FMCG, healthcare, metals, engineering industries including equipments & machineries, electronics & electrical equipment, and chemicals & petrochemical products. For more details, visit our website: www.eii.ae
For further information, please contact:
Shermin Mheidly
Senior Associate,
Corporate Communications
Emaar Industries & Investments (Pvt) JSC
Direct Tel: (+971 4) 427 4868;
Fax: (+971 4) 427 4891
Email: smheidly@eii.ae
Kelly Home / Nedal Alasaad
ASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide in Middle East & North Africa
Tel: (+971 4) 335 5969;
Fax: (+971 4) 335 6080
Email: k.home@asdaa.com, n.alasaad@asdaa.com
© Press Release 2007
