Emirates Extrusion Factory has bought an aluminium extrusion plant in Dubai, helping to bolster the country's presence at both ends of the metal's production chain.
The firm, part of Dubai Investments, said yesterday that it had acquired a state-of-the-art production facility for aluminium extruded profiles from AKFA Aluminium and Plastic, a firm based in Uzbekistan.
The 10,000-square-metre factory in Techno Park, a free zone, will process aluminium from nearby plants operated by Dubai Aluminium and Emirates Aluminium to make windows, doors and other finished products.
"The new factory will streamline our operational processes and dramatically reduce cost and improve time efficiency to help us escalate overall output," said Khalfan Al Suwaidi, the managing director of Emirates Extrusion, which is a subsidiary of Masharie, the private equity arm of Dubai Investments.
Located near Jebel Ali port, the plant will help the firm to serve the entire UAE market, said Mr Al Suwaidi.
"Its close proximity to Dubal and Emal will reduce the transportation cost of billets and scraps and improve our overall business readiness," he said. Several extrusion firms have recently expanded as the country seeks to marry industries working at different stages of the aluminium production chain.
Gulf Extrusions has signed a joint venture to open a plant in Khalifa Industrial Zone Abu Dhabi, the industrial zone in which Emal is based, to complement its existing operations in Dubai.
Under Emirates Extrusion's acquisition, it will take over machinery such as an extrusion press, as well as automatic and manual powder-coating lines.
The 35,000-sq-metre plot has the scope to add a further two presses. AKFA was started in Tashkent in 2000 and has become one of the largest aluminium extrusion firms in Central Asia.
AKFA has plants in Tashkent and Krasnodar, Russia.
Emirates Extrusion was launched in Ajman in 1993 and has since grown to serve more than 100 customers in the Middle East, Asia, Europe and Africa.
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The Way It Was: My Life with Frank Sinatra by Eliot Weisman and Jennifer Valoppi
Hachette Books
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THE BIO
Bio Box
Role Model: Sheikh Zayed, God bless his soul
Favorite book: Zayed Biography of the leader
Favorite quote: To be or not to be, that is the question, from William Shakespeare's Hamlet
Favorite food: seafood
Favorite place to travel: Lebanon
Favorite movie: Braveheart
if you go
The flights
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The hotels
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More info
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Cultural fiesta
What: The Al Burda Festival
When: November 14 (from 10am)
Where: Warehouse421, Abu Dhabi
The Al Burda Festival is a celebration of Islamic art and culture, featuring talks, performances and exhibitions. Organised by the Ministry of Culture and Knowledge Development, this one-day event opens with a session on the future of Islamic art. With this in mind, it is followed by a number of workshops and “masterclass” sessions in everything from calligraphy and typography to geometry and the origins of Islamic design. There will also be discussions on subjects including ‘Who is the Audience for Islamic Art?’ and ‘New Markets for Islamic Design.’ A live performance from Kuwaiti guitarist Yousif Yaseen should be one of the highlights of the day.
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
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Director: Magizh Thirumeni
Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra
Rating: 4/5
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
COMPANY PROFILE
Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed
RESULTS
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COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners