Top European paint firm plans Dubai facory
Dubai, April 1, 2012
Europe’s third largest paint manufacturer, Deutsche Amphibolin-Werke (DAW) said it has signed a project development agreement with Dubai Industrial City to set up a new factory for its key brand Caparol Paints.
A leading manufacturing and logistics destination and a member of Tecom Investments, Dubai Industrial City (DI) said as per the deal, Daw will expand its regional operations from the new factory.
Under the deal, Caparol which began its regional operations from Al Quoz Industrial Area in 1999, will set up a range of operational facilities at DI that include a paint manufacturing plant, warehouse, R&D laboratories, a colour design studio, a customer service centre, as well as administrative and training facilities.
The new factory, which will also act as the regional office of Caparol Paints, will play a key role in helping the company target new markets in the Mena and South Asian region.
"The new facility will support Caparol’s growing manufacturing and operational needs. In a broader perspective, our capacity to manufacture products locally will also cut the UAE’s reliance on imports from Germany," said Gary Seabrook, general manager, Caparol Paints.
“To optimally manufacture high quality paint products requires production facilities that are state-of-the-art. Our search for a location to build a factory that can manufacture our current range of products and potentially allow us to manufacture and introduce new technologies led us to DIC,” he added.
Abdulla Belhoul, DI managing director, said: “Caparol is a global leader in manufacturing paint. Its associated technology and strategic move to DI within its industry-specific zone model will not only support their operational growth in the Mena and South Asia markets but further consolidate our position as an industrial hub.”
"Such increase in DI activity is in line with the upward nationwide trend, which showed a growth of around 12.8 per cent in industrial investment in 2011, as per recently published data by the UAE Ministry of Economy," Belhoul remarked.
"It also reflects DI’s commitment to supporting the country’s drive to increase the manufacturing sector’s share in the GDP, from the current 16 per cent to 25 per cent in the coming years," he added.
Caparol’s clientele currently includes major commercial and residential projects such as the Jumeriah Golf Estates, Dubai, the Ritz Carlton DIFC, Sofitel Jumeriah Beach Residence, Dubai, and the Etihad Plaza Al Raha Beach, Abu Dhabi.-TradeArabia News Service
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