Rubber World Industries (RWI) has announced plans to invest $2m (AED7.35m) into the expansion of its production facility in Ajman, UAE.
RWI, which is part of Shaikhani Group and the official manufacturer of Gulf-O-Flex in the Gulf and Southeast Asia, said that the expansion would involve the development of additional production lines, new equipment, and a laboratory for research and development (R&D).
The expansion project is expected to triple RWI’s production capacity by the end of Q1 2017.
RWI secures major contracts for Qatari projects.
Rizwan Shaikhani, managing director of RWI, said: “The burgeoning demand for high-quality rubber insulation products has steered our focus towards increasing our production capacity, while utilizing the latest R&D technologies to further enhance our products’ performance.
“As we see extensive expansion opportunities within the regional and global markets, increasing the quantity and quality of our products are our foremost goals for 2017.”
In addition to boosting RWI’s production capacity, the expansion will allow the firm to add glass wool thermal insulation to its line of products.
RWI also revealed that it is considering the establishment of new facilities, both domestically and overseas, in a bid to drive revenue growth and increase sales in its existing markets.
The manufacturer recorded more than $11.4m (AED42m) in sales revenues during 2016, and estimates that it is currently supplying 55% of the region’s rubber insulation pipes and sheets.
RWI proudly showcases its complete range of products to increase industrial attention and gaze eyes.The main aim of the production of RWI is to expand the made of rubber largely and diverse in industries.
As rubber is considered to be an important resource in the industry sector. Also it has witnessed a steady and strong growth over the years.
To find opportunity to strengthen, as well as establish new business relationships with customers from Europe, Australia, America, and other regions to expand to new horizons to spread all over the globe this is the aim of the Rubber World Industries.