Gulf General Investment Company (GGICO), a Dubai-based investment company, officially inaugurated National Aluminium Extrusion (Nalexco), one of the largest aluminium extrusion factories in the region on Wednesday.
The factory was inaugurated in the presence of Ahmed Humeid Al Tayer, Vice-Chairman of Dubal.
Nalexco is a 400,000 sq ft factory with a production capacity of 15,000 tonnes per annum.
GGICO Managing Director Mohammed Abdalla Al Sari said that the inauguration signifies the beginning of phase one for the Nalexco project.
"We are expecting an annual turnover of between Dh200million-Dh220m during this first phase, which we expect to jump to Dh330m by the end of the second and final stage," he said. "Along with this, we are currently employing 150 staff, made up of Western and Arab experts, which will rise to 200 at the final phase."
Nalexco's third phase will see a third extrusion line installed, raising the factory's capacity to 22,000 tonnes per year accompanied with a double vertical powder quoting line of 25,000- tonne capacity per year.
Located at Dubai Investment Park, Nalexco utilises the latest in cutting edge aluminium extrusion technology with a focus on global standards.
Dh220m: Is the projected an at the com pany during the first phase