Intermetal to build $20m furniture factory in Dubai
Dubai, May 20, 2013
UAE-based Intermetal, a global furniture solutions leader and a Group Harwal company, has invested Dh75 million ($20.41 million) to establish a new factory in Dubai.
The state-of-the-art facility in Dubai Investment Park will design and manufacture office and institutional furniture solutions.
Over the past 23 years, Intermetal has established its presence in the UAE's hospitality industry, commanding over 80 per cent share of the banquet and outdoor furniture market, a company statement said.
The company has also become the manufacturer and supplier of choice for private and governmental schools in the country, it added.
Bedros Bambokian, executive director of Group Harwal, described the milestone as a further example of the company's commitment to invest in the region's economy.
"Intermetal has embarked on an ambitious growth strategy across the GCC region. The rapid growth of office districts in the GCC and Africa region has encouraged us to diversify into the office furniture business,” Bambokian said.
“With an increasing number of international players moving their operations to the UAE, Intermetal is well-poised to meet the demands for all types of office environments.”
Intermetal has set up a 300,000 sq ft factory fully equipped with advanced manufacturing capabilities including CNC bending and routing machines, robotized welding, powder coating and chrome plating lines, upholstery and woodworking.
Branded IM Office, the full collection of office furniture spans executive desks, office desks, workstations, partitioning systems, conference furniture, meeting and training room furniture, computer tables as well as a wide range of ergonomic chairs.
"This was a major investment for us at a time when many companies were cutting back. The launch of our new furniture range reinforces our leadership position in the competitive furniture business. By manufacturing our products in UAE, we are able to control the quality and respond quickly and more effectively to the needs of our regional customers", Bambokian added.
The setting up of the new facility will help Intermetal service the growing number of business and office districts in the UAE and across the GCC, he added. – TradeArabia News Service
More Industry, Logistics & Shipping Stories
- Alba supports major energy summit
- Polysys Additive breaks ground in Kizad
- Qatar non-hydrocarbon economy on the rise
- ADPC to take over UAE port operations
- Carlyle readies $3bn sale of chemical firm
- Firm plans to bring super jumbo jet to Bahrain
- Johnson Controls, Hitachi in AC venture
- OICT installs nextgen cranes at Sohar Port
- Saudi petchem giants eye share-swap merger in 2014
- Expo focus on UAE manufacturing sector