Danube records successful 25 per cent growth in 2011
Danube Building Materials, a leader in construction, building materials and shop fitting industries, has revealed that its strategic move to expand and reinforce market position has led to an impressive 25 per cent growth in 2011. The increase brings the company one step closer towards achieving a revenue target of USD 1 billion by the year 2015. For the second consecutive year, Danube continues to post stellar performance growth amidst the impact made by the recent economic downturn, keying in AED 1.55 billion in revenue for 2011 as opposed to the AED 1.25 billion marker posted in 2010.
Last year, the company embarked on a successful AED 200 million expansion initiative, which has resulted in the opening of four new branches in the UAE, two in India and Oman, one in both Saudi Arabia and Bahrain. 2011 was also marked with the inauguration of the company’s first showroom in Qatar and Salalah, Oman. Danube also opened a new Melamine factory in Saudi Arabia and a new warehousing facility in the Jebel Ali Freezone (JAFZA). Aiming to maintain continued growth in 2012, the company has announced the planned opening of ten more retail showrooms within the GCC.
“2011 was truly a landmark year for Danube as the move to expand has not only consolidated our regional leadership in the building materials segment but has also driven in a 25 per cent growth increase,” said Rizwan Sajan, Founder and Chairman, Danube. “We are very confident that 2012 will bring in more growth for us as we continue to live up to our commitment to create a stronger market presence through the opening of more showrooms and the addition of more products and services to our broad portfolio. With the continuing influx of construction projects across the whole region, we remain steadfast in our promise to provide our customers with world class building materials and home interior products.”
The company has also been recognized for its exemplary performance and key initiatives rendered towards regional development. Danube BUILDMART, the retail arm of Danube Building Materials, was named ‘Most Admired Retailer-Home & Office Improvement’ during the ‘Images Retail ME Awards 2011’ held at the Meydan Hotel last October. BUILDMART was recognized for its creditworthy performance last year and its move to introduce strategic innovations and initiatives that helped position the company as a leading retail institution for the Middle East. Also, company Founder and Chairman, Rizwan Sajan, was Awarded ‘Most Admired Retail Professional of the Year’ (Images Retail ME Awards 2011), And also recognized as one of the top 25 ‘Young Asian Achievers’ in the UAE in a gala ceremony that was held recently at the Jumeirah Beach Hotel. Sajan was lauded for his dynamic leadership as Chairman of the Middle East region’s premier building materials and home interiors products provider and for the important contributions he has made towards the UAE’s continued growth and development.
Established in the year 1993, Danube Group was founded and cultivated under the leadership of Rizwan Sajan, who is the known to be the Founder and Chairman of the Group. Starting off as a small trading firm, the company is moving from strength-to-strength, expanding its foothold in the region, and has established itself as the No. 1 building Materials Company along with other branches under its vast umbrella. In 2015, the company recorded a turnover of AED 5.14 billion and has been growing ever since. Moreover, Rizwan Sajan was ranked 12th among the ‘Top 100 Indian leaders in the UAE’ List by Forbes Middle East.