Alghanim Industries, one of the largest privately-owned companies in the Gulf region, today announced a doubling of its capacity in the mineral wool insulation and pre-engineering steel buildings (PEB) business units. 

Both businesses are the market leaders in the region, said a statement.

“This investment is aimed at meeting future demand in the booming regional construction industry and is part of the unfolding growth plans of the company,” said the statement. However, it did not divulge the cost of the expansion.

The expansion in insulation materials production will be at its units in the GCC, India and Turkey.  By the end of 2008, the insulation business unit will have doubled its installed capacity to 230,000 metric tons, positioning it amongst the top 15 global manufacturers. 

The added capacity is a combination of increases earlier this year in Turkey and upcoming new greenfield plants in the UAE and in Silvassa, in western India.  This increase in capacity follows the joint acquisition of IZOCAM, Turkey with Saint Gobain Isover, in 2006.  Part of this overall capacity increase will go towards expanding the range of its downstream products, the statement said.

In addition, Alghanim’s Kirby business unit, one of the top five leaders in steel buildings (PEB), will double its capacity to 400,000 metric tons through its greenfield facilities in the UAE (Ras Al Khaimah) and Vietnam, as well as expansion of existing plants in Hyderabad and in Uttaranchal in India. 

Omar K Alghanim, CEO of Alghanim Industries, said: “Alghanim Industries is committed to enhancing value for our customers and further strengthening our market leadership position by continuing to make major strategic investments worldwide. Today’s announcement reflects our investment in the Insulation and Kirby business units as a key element of our growth strategy.”- TradeArabia News Service