Gulf Extrusions to double output
Dubai-based Gulf Extrusions said on Monday it plans to double its aluminium extrusion output in the next six years to meet growing demand in the booming region, mainly from the construction sector.
The firm, one of the leading extrusion producers in the Gulf Arab region, is expecting output to rise to as much as 100,000 tonnes, partly through building two new facilities in nearby Qatar, it said in a statement.
"There are now over $300 billion worth of construction projects planned within the next five years in the Middle East, and this is expected to strain the current supply of aluminium profiles," Modar Al Mekdad, Gulf Extrusions' general manager said in the statement.
Extrusions are made from solid cylinders called billets which are used widely in the construction industry.
Extrusion demand in the Middle East totalled around 400,000 tonnes in 2007, while output reached about 420,000 tonnes.
The region's demand is expected to rise to about 450,000 tonnes in 2008, Gulf Extrusions said. (Reuters)
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