Taghleef Industries is growing

The new investment will increase Ti's capacity by some 35,000 MT per annum, resulting in a total BOPP film capacity of 135,000 MT per annum. The new production line will become operational in the first quarter of 2008, making Ti one of the world's top ten BOPP film producers by volume. BOPP films are used in the packaging of fast moving consumer goods such as snack foods, bakery products, confectionary and cigarettes.

Commenting on the new investment, Mr. Rashed Saif Al Ghurair, Chairman of Ti said 'With consolidated sales in excess of US$150 million this year, we have already established ourselves as the market leader in Middle East/North Africa region and our aim now is to expand globally. We already export to more than 50 countries around the world and are in the process of setting up a European sales office. He added 'We have a strong head start over our regional competition and we are determined to keep it. Our next expansion plan is already on the way. We are filing together with a value added local partner in Saudi Arabia for an industrial application. The new production site would hold several BOPP Lines giving us additional capacity of between 90,000 - 180,000 MT per annum.'

Dr. Detlef Schuhmann, CEO of Ti, said 'This investment of a new state of the art line clearly demonstrates Ti's commitment to the plastics films market. It builds on the continuing success of Ti and ensures that we continue to meet the needs of our local and international customers, with a wide and expanding range of transparent, opaque and metallised films. Films demand in the Middle East/North Africa region is growing rapidly, driven by strong economic growth and a young and urbanizing population. This additional capacity will enable Ti to better meet this anticipated growth in demand into the foreseeable future.'

The company was established in 1998 in UAE as Dubai Polyfilm Company LLC. Ti currently employs 650 people and has some 100,000 MT of BOPP film capacity across three manufacturing units in the UAE, Oman and Egypt.