Dubai-Mubasher: Masharie, the private equity arm of Dubai Investments (DI), revealed plans to expand its extruded aluminium production capacity by over 10,000 tonnes per annum, according to a bourse statement on Sunday.
The expansion came as a demand from downstream industries, transportation and electrical sectors surges across the UAE and GCC.
Masharie subsidiary Emirates Extrusion Factory (EEF) is commissioning its third extrusion line by July 2016, which will raise the production capacity by 6,000 metric tonnes per annum.
By July 2016, EEF will also start its new powder coating plant with an annual capacity of 5,500-6,000 metric tonnes.
White Aluminium Extrusion (WAE), a subsidiary of Masharie, is set to commission an anodizing plant with knowhow from Italy and a capacity of nearly 4,800 metric tonnes per annum in Q2-16 as demand for aluminium products surges amidst rampant construction and other downstream projects in the region.
EEF and WAE export 70% of its extruded aluminium profiles, the statement said, adding that they are also targeting new markets as part of their international expansion strategy, with a strong focus on Africa, GCC and Middle East.
