RWI anticipates high demand for rubber products amidst construction of 640 projects in UAE
Rubber World Industries (RWI), the leading manufacturer of closed-cell rubber insulation 'Gulf-O-flex' in the Gulf and South-East Asia, and part of the international business conglomerate, the Memon Group of Companies, is anticipating high demand for rubber insulation products, amidst the ongoing construction of a total of 640 development projects in the UAE, according to REIDIN.com. In line with this, the company is strengthening its efforts to achieve its goal of producing 1,800 containers per year - 600 containers more than its present capacity - to sufficiently address the Emirate’s need for rubber insulation products.
RWI maintains a positive outlook on the rubber insulation market in the UAE, given the projected increase in the number of completed construction projects, which is slated to reach 205 by the end of the first half of 2009. The company also revealed that its products have been used in some of the 135 projects, which were completed in the first quarter of 2009. As the leading source of high quality rubber insulation products across the country and the region, RWI has been involved with the construction of highly prestigious projects such as ‘The Villa’, ‘Motor City’, ‘Traders Hotel’, ‘Horizon Tower’ and ‘Green Community West Villas and Apartments’.
“The UAE construction market has exhibited its resilience in the midst of the economic crisis with a projected completion of over 200 developments merely six months into 2009, and thereby dramatically surpassing the record set in 2008,” said Abu Baker Shaikhani, Managing Director, Rubber World Industries, and Chairman of the Memon Group. “The strength exhibited by the market continues to inspire and motivate us to innovate and develop our current product portfolio, and we are looking forward to delivering our leading-edge and environment-friendly products to more projects in the UAE.”
RWI has delivered high quality products to major property developments by real estate leaders in the UAE. As the only producer of rubber insulation in the Middle East region, the company is the premier source of a versatile range of rubber insulation products that meet the requirements in the oil and gas fields, construction, shipping and automobile industries. The company delivers its products to more than 90 countries, including the US, Germany, Russia, Canada and Singapore.
© 2009 Al Bawaba (www.albawaba.com)
- GCC real estate projects under construction worth over AED 8.8 trillion
- Rubber imports and exports into Dubai hit AED 7.8 billion in 2008
- UAE building construction market poised to hit USD 64 billion in 2010
- Rubber World Industries bags AED 1.2 million contract to supply rubber insulation products for ‘Motor City’ project
- Rubber World Industries expects to double revenues to AED 60 million in 2008