Demand for Aluminium hits new high
The demand for aluminium extrusion products in the Middle East is expected to reach an average of 450,000 metric tonnes in 2008, with Saudi Arabia, Qatar, the UAE and Kuwait accounting for most of the demand, UAE-based Gulf Extrusions said yesterday.
“The regional aluminium industry is currently witnessing a period of steady growth, thanks to the boom in the construction sector across the Middle East. The number of extrusion presses in the region has increased from a mere seven in 1980 to 85 in 2007, which is a good indicator of the fast growing demand for products in the region,” said General Manager Modar Al Mekdad in a statement.
Nearly 70 per cent of the output generated by Gulf Extrusions is used in the local market to support building and construction projects. Export markets include South East Asia, GCC countries, Europe and Canada.
Follow Emirates 24|7 on Google News.