Airport equipment supplier announces major growth as aviation industry continues to boom
A Dubai-based company supplying ground support systems to Middle East airports has announced growth of almost 70% as a booming aviation industry turns the region into a hotspot for aviation suppliers worldwide.
Cavotec Middle East recorded an annual turnover of AED100 million in 2006 compared with AED60 million in 2005 and has set itself the target of a further 20 per cent increase in the current year.
The company, based in the Jebel Ali Free Zone, is currently quadrupling the size of its offices and warehouses to cope with the rapidly increasing demand for its products and has doubled the size of its workforce over the past 18 months.
Now Cavotec aims to cement its growth in the Middle East by taking part in two major aviation exhibitions in the UAE this year, the Aviation Procurement Expo (APEX) and The Airport Show, both organised by Streamline Marketing Group.
Taking place for the first time from 19–21 March at Abu Dhabi National Exhibition Centre, APEX is designed to help establish the UAE capital as one of the most sophisticated aviation gateways in the world. Now in its seventh year, The Airport Show, taking place at Airport Expo Dubai from 28–30 May, is the region’s only dedicated trade show for airport construction, operations, technologies and services.
Cavotec Middle East is part of the Cavotec Group, a global leader in supplying power supply equipment to a range of industries including aviation, oil and gas, mining and ports and maritime. The company set up its Dubai office in 1993, expanding to Doha in 2006. It now plans to set up a further branch office in Abu Dhabi this year followed by one in Saudi Arabia.
Its equipment supplies power and water to aircraft while parked on the tarmac or in hangars, along with pre-conditioned air to cool the cabin. Its aviation range also includes aircraft towbars and access stairs.
Cavotec recently installed 120 revolutionary pop-up units in the new Emirates Engineering hangar at Dubai International Airport. It also fitted similar equipment specially designed for the A380 ‘super-jumbo’ in Concourse 1 of Dubai Airport and is supplying power and air supply equipment for 27 gates at Concourse 2, currently under construction.
Cavotec is now keen to add Abu Dhabi International Airport to its client list and is working with the designers masterminding the US$6.8 billion expansion of the airport.
APEX will allow procurement specialists from Abu Dhabi’s principle aviation companies, Etihad Airways, Abu Dhabi Airports Company (ADAC) and the Gulf Aircraft Maintenance Company (GAMCO) to view, test and procure new products, services and technologies right on their doorstep.
Thomas Widegren, Regional Manager and Executive Chairman of Cavotec Middle East, said: “The aviation industry in the region is expanding at a great rate with an increasing number of airports announcing development schemes. This presents tremendous business opportunities for Cavotec as we occupy a niche market supplying very specialised products.
“Our participation in APEX allows us to have a formal exchange with Abu Dhabi aviation officials and promote our services. The emirate will be an important aviation hub of the future and we are keen to establish a presence there. The Airport Show in Dubai is also key to our continued growth as it attracts top-level representatives of airports around the region.”
- Cavotec expands regionally with new Abu Dhabi office
- Airport investment across the region reaches US$ 60 billion
- US$6.8 billion expansion of Abu Dhabi international airport to be showcased
- Abu Dhabi’s position as major aircraft maintenance, repair hub boosted by GAMCO
- Overwhelming response for Dubai’s Airport Build expo