United Arab Emirates (UAE)-based Gulf Extrusions has announced a projected 15 percent market growth for the year 2004.
The growth will be based on a three-pronged strategy of building on the company's already considerable 50 percent market share in the UAE market, the increase of its exports to other Gulf Cooperation Council (GCC) and Middle East countries, as well as its entry into new global markets following the company's success in penetrating several markets in Europe, West Africa, Asia and Canada.
The aluminium extrusions market in the GCC region is currently divided between extruders based in the UAE, Saudi Arabia, Bahrain and Oman. Small quantities are also imported from outside the region, from countries such as Taiwan. Within the region, besides the UAE, Gulf Extrusions exports to Jordan, Syria and Yemen, with plans to extend its market to other GCC countries.
On the one hand, the current marketing strategy of Gulf Extrusions will focus on increasing the company's presence in the UAE and GCC markets, as well as European and South East Asian markets. With an existing capacity of 30,000 tons a year, Gulf Extrusion is also considering investment in increasing this capacity to meet the projected market growth.
Located at Jebel Ali, Gulf Extrusions is minutes away from one of the busiest sea ports in the Gulf. The plant is designed to produce aluminium sections in mill finish, silver, bronze, gold and color anodized, and powder coated finishes. The modern processing equipment and techniques permit the company to produce a range of over 7,000 profiles.
Nearly 60 percent 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. — (menareport.com)
© 2004 Mena Report (www.menareport.com)
