Rubber World Industries to invest $2mn to expand Ajman factory
Rubber World Industries (RWI) is to invest $2mn to triple production at its factory in Ajman, UAE to meet surging demand for closed-cell rubber insulation in the Gulf and South East Asia.
The investment covers new production lines, equipment and a laboratory to boost capacity at the facility by the first quarter of 2017, the Shaikhani Group company said in a statement.
RWI will also introduce Glass Wool Thermal Insulation to its line of products. Glass Wool Thermal Insulation comes in the form of boards and sheet rolls manufactured from stable glass fibres bonded with thermo setting resins, and free from coarse fibres and shot, making it easy to handle and cut to fit rectangular ducts and air handling equipment.
The company will showcase its full range of HVAC products including rubber insulation tubes and sheets, glue and seals, insulation tapes (foam tapes, PVC tape, Aluminium tape and Duct Tape), flexible ducts, anti-vibration pads, glass wool insulation and duct cloth at their stand 2C71 at the upcoming edition of The Big 5 Dubai 2016, which will be held from 21 24 November, 2016 at the Dubai World Trade Center (DWTC).
At present, the manufacturer holds a 60 percent share of the Middle East rubber insulation market and has recorded over AED 42mn in sales revenues in 2015. The company is also currently supplying 55 percent of the region’s requirements for rubber insulation pipes and sheets, and other rubber-derived products.
“The burgeoning demand for high quality rubber insulation products has steered our focus towards increasing our production capacity, while utilizing the latest R&D technologies to further enhance our products’ performance,” said Rizwan Shaikhani, Managing Director, Rubber World Industries.
“As we see extensive expansion opportunities within the regional and global markets, increasing the quantity and increasing the quality of our products are our foremost goals for 2017. Events like Big 5 give us an opportunity to strengthen as well as establish new business relationships with customers from Europe, Australia, America and among other regions which is why we are having a bigger presence at this years event.
Established in 1993, Rubber World Industries is the only manufacturing facility in the GCC that produces a versatile range of rubber insulation products to meet requirements in oil and gas fields, construction, shipping and automobile industries. Its modern plants are located in the Ajman Industrial Area, where Gulf-O-Flex – its flagship product is being manufactured.
