Gulf Extrusions, one of the largest aluminum extrusion plants in the Gulf region, said on Monday its exports to India had increased by 300 per cent in 2012 compared to 2011, establishing the Indian market as a key destination in the global expansion strategy of the company.
The GCC and African markets have likewise contributed to the increase production with projected growth rates of 7 per cent and 6 per cent, respectively, in 2012. Gulf Extrusions also pointed out that the increase in production is part of the company’s strategy of diversifying its product range and markets to cater to a much wider customer base across different industry sectors such as construction, oil and gas, marine, automotive and telecom.
Modar Al Mekdad, General Manager of Gulf Extrusions, said: “The surge in demand in new export markets as well as the consistently strong performance achieved in traditional markets across the Middle East have prompted Gulf Extrusions to boost its production capacity this year. The Indian market has been particularly impressive with exports expected to triple this year alone. Gulf Extrusions will continue with its strategy of increasing production capacity to give us greater flexibility to expand in new export markets, reach new geographical territories and diversify our product portfolio.”