Masharie, the private equity arm of Dubai Investments, has announced plans to expand its extruded aluminium production capacity by over 10,000 tonnes per annum as 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 increase the production capacity by 6,000 metric tonnes per annum. EEF will also start its new powder coating plant with an annual capacity of 5,500 to 6,000 metric tonnes by July this year.
Another subsidiary, White Aluminium Extrusion is set to commission an anodising plant with a capacity of nearly 4,800 metric tonnes per annum in Q2 of 2016 as demand for aluminium products surges amid rampant construction and other downstream projects in the region.
Source: Khaleej Times