Emaar Industries & Investments (EII), a subsidiary of Emaar Properties PJSC, has acquired a majority stake in Mammut Building Systems FZE (MBS), one of the region’s largest manufacturers of pre-engineered steel buildings (PEBs) and polyurethane injected sandwich panels. This partnership is in line with EII’s ongoing strategy to expand into new growth areas – geographically and business-wise.
With the investment, EII will assist MBS in its plans to raise production capacity from 6,000 tonnes per month to 12,000 tonnes per month, and build a structural steel division.
“EII strengthens industries by investing in existing economically beneficial and commercially sound businesses in high-growth industrial and manufacturing sectors. We are focused on enabling the companies we invest in to incorporate international best manufacturing practices, improve corporate governance, provide a solid and flexible capital base and ensure sustainable cash flow. We also facilitate their regional expansion into new markets,” said Dr Ahmad Khayyat, Chief Executive Officer, EII.
He added: “EII’s association with Mammut leverages on the growth of the construction sector in the region. There is a huge demand for building systems, especially PEBs, which is the core competency of MBS.”
MBS, a division of Mammut Group, will continue its present management and administration structure with EII offering advisory support to streamline future growth strategies.
“EII will assist MBS in its regional expansion plans and strengthen its investment options,” added Dr Khayyat. “Our association also aims at strengthening MBS’ presence in Saudi Arabia, Qatar, Oman, Pakistan and Bangladesh and driving the company into new dynamic markets.”
“Our partnership with EII will further strengthen our competitive advantage,” said Mr Behzad Daniel Ferdows, President and CEO of Mammut Group. “This association between two leaders will enable us to fuel our expansion plans for the region and leverage on the brand value of EII to enhance our customer interface and expand our value network.”
He added: “MBS is the first PEB company in the world to create three-dimensional drawings for all its buildings thus achieving zero per cent detailing errors, which enables the construction of complex structures. We are also the first in the world to launch hi-tech Purlin that allows big bay spacing between frames, and are pioneers in offering total solutions for all clients by designing and executing a PEB and precast building. MBS also enjoys the global-first status for launching a special heat reflective painting for our PEB buildings.”
The use of PEBs is regarded as the most versatile and economical way to construct buildings. MBS, established in 1997, provides PEB applications for factories, cold stores, distribution centres, warehouses, workshops, exhibition halls, showrooms, aircraft hangars, worker accommodation, supermarkets and shopping malls.
EII has an extensive portfolio of companies and joint ventures and serves as one of the primary conduits in channeling the region’s vast pool of capital liquidity for sustainable industrial growth and development. EII has forged nine partnerships in less than two years, all of which have gained significant growth.
