PHOTO
UAE business house will invest 20 million USD, in the largest fire rated ACP production line in Eastern Europe
Dubai, UAE: Alubond U.S.A. , owned by UAE based conglomerate Mulk Holdings, is the largest aluminium composite (ACP) manufacturer the world. On an annual basis, the brand is growing at a staggering double digit growth with significant demand coming in from developing economies, along with the Middle East. And now, It is going a step further by expanding and upgrading its existing production line in Serbia. Mulk Holdings will invest over 20 million USD in the expansion of its facilities in Serbia. This will give an increased revenue of 70 million USD to Alubond U.S.A worldwide.
As a major step in this direction, Mulk Holdings, recently hosted multiple rounds of presidential discussions with the Serbian premier H.E. Tomislav Nikolić; President of the Autonomous Province of Vojvodina, H.E. Mr. Igor Mirovic, where the Alubond Europe production facility is located and H.E. Milos Perisic, Serbian ambassador to UAE.
The high level delegation visited the Mulk office and factory at Hamriyah. Mulk Holdings plans to set up a state of art ACP production line with A2 fire rating and a fully integrated coil coating line at the Alubond Europe premises, located in Banatski Karlovac. Notably, It will be setting a state of the art coil costing line with a production capacity of 12,000 tons in addition to the A2 production line. Alubond U.S.A has been an early entrant to the Serbian markets and a major contributor to its economy and employment. “We have seen rapidly growing demand for Alubond U.S.A. and its fire rated panels in the European region. At the same time, we wanted to bolster our pioneering fire rated panel technology at a global scale.” Commented Mr Shaji Ul Mulk, founder and chairman of Mulk Holdings.
Adnan Ul Mulk, the vice chairman feels the fire rated technology is a game changer for the facades industry . He opines “Alubond U.S.A. fire rated panels have been developed, due to the integrated in house knowledge of our R&D teams in plastics, coil coating and Extrusion divisions. Alubond U.S.A. panels have displayed, what is truly possible as the future of building safety in the Middle East and around the world.”
Alubond U.S.A ® has, over the years, emerged as the world’s largest metal composite brand with additional production bases in Europe, Middle East, and India. The new production bases planned in Sri Lanka and Saudi Arabia increased the installed capacity of metal composite panels to over 25,000,000 square metres and coil coating capacity to over 20,000 tonnes per anum.
The future belongs to the Alubond A2 ACP technology and the company is prepared to make significant investments to realise its true potential.
About Mulk Holdings
Mulk holdings is a multinational group of 20 companies with diversified business interests in manufacturing of Alubond u.s.a brand of metal composites, interior and exterior design & fit outs, plastic industries, power generation, aluminium coil coatings, healthcare, real estate, commodities and solar energy. The company with its headquarters based in Hamariya Freezone Sharjah, U.A.E is spread across Europe, U.S.A, Africa, Turkey, India and Middle East. Mulk holdings’ flagship brand Alubond U.S.A metal composites has grown into the world’s largest metal composite brand with operations in 11 countries and market reach of 90 countries.
Aasim Shaik
Le Pear Societe FZ LLC
M: +971 559262301
E: aasim@lps-me.com
© Press Release 2016
