The agreement was signed in the presence of Mr. Khalid Al Kamda, Chairman of Dubai Investments Park Development Company, Mr. Khalid bin Khalban, Managing Director of the Park, and Thomsun Group Directors Mr. K. V. Thomas, Mr. V. T. John and Mr. P. Shrinivas.
At its plant in the DIP, Thomsun Electronics will manufacture metal cable management systems, sheet metal ducts for air-conditioners and sheet metal enclosures for control panels, which will be useful for a wide spectrum of industrial products like patch panels, data network management systems, under floor trunking, air-conditioning ducts and control panel enclosures.
Speaking after signing the agreement, Mr. Al Kamda said: "We consider the joining of Thomsun Electronics in the Dubai Investments Park as a step forward to the completion of the industrial, trade and residential sectors, which form the core values of the project."
He added that the UAE and the local market is in need of a specialised product in the electronics and electro-mechanical sector and this is where Thomsun Electronics has carved a niche for itself. This, coupled with its decision to have a manufacturing unit at DIP, will go a long way in further enhancing the profile of the Park, Mr. Al Kamda said.
The Group has a wide presence in a vast array of sectors including consumer electronics trading, audio-visuals, electro-mechanical products, printing, logistics, food and furniture.
Mr. K. V. Thomas, Director of Thomsun Group, said: "Our Group is proud to be part of the Dubai Investments Park and we will be setting up a Dh10 million manufacturing unit in the Park. The professional approach by DIP, its faster service records, coupled with fully developed industrial plot has contributed in a major way in our decision to be a part of the Park."
Elaborating further, Mr. Thomas said: "DIP's flexibility in working arrangements and the easily accessibility to Dubai, Al Ain and Abu Dhabi by road and proximity to Jebel Ali port has only helped matters as it is an ideal location for developed projects in New Dubai. Around 50 of our employees will be deployed at the manufacturing unit in the first phase."
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Thomsun Electronics to set up Dh10 million plant in Dubai Investments Park
- United Arab Emirates: Saturday, July 03 - 2004 at 15:52
- PRESS RELEASE
Thomsun Electronics Centre LLC, part of the Thomsun Group of Companies, which is one of the UAE's most successful and diversified business corporations, has entered into an agreement with the Dubai Investments Park (DIP) to set up a manufacturing plant worth Dh10 million.
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About Thomsun GroupThomsun Group, a multifaceted business enterprise, was established in the UAE in 1976, and now boasts of a turnover of US$260 million and a 1,000+ strong workforce. The Group has marked many entrepreneurial milestones in diversified sectors such as consumer electronics trading, audio-visuals, music training, IT training and consulting, electro-mechanical products, printing and packaging industry, pre-press and digital printing solutions, logistics and distribution, supermarkets and bakery, seafood processing and trading, meat and vegetable processing and trading, and home furniture.
Thomsun Electronics, the Group's electro-mechanical division, is run by a group of professionals, catering to about 500 dealers/ traders in the UAE and more than 400 electro-mechanical contractors. Its vast logistical network ensures effective vertical and horizontal distribution of products.
About Dubai Investments Park
The Dubai Investments Park is being developed, managed and operated by Dubai Investments Park Development Company LLC (DIPDC), a wholly-owned subsidiary of Dubai Investments.
The Park, the only one to be launched by the private sector in the Middle East, is a mixed use industrial, business, residential and recreational development offering investors pre-serviced sites, world-class infrastructure, state-of-the-art facilities and quality services for manufacturing, housing, academic, research, distribution and logistics purposes. A major attraction for investors is the long-term leases, renewable up to 99 years, that are available for industrial, commercial and residential projects.
The Park's tenants include industrialists and entrepreneurs representing a broad scope of economic activity -- pharmaceuticals, property development, metal treatment and insulation materials, water purification, boiling and distribution, heavy duty steel fabrication, cold storage, building systems, distribution of TV satellite equipment and the manufacture of cast steel valves for oil, gas and water industries and plastic pipes and accessories.
For further information, please contact Naamat Baradhy/ Anosh Ahamath,
Bates PanGulf PR, P.O. Box 3294, Dubai, UAE,
Tel: +971-4-2953456, Fax: +971-4-2951027
Posted by Christine H. Andersen, Assistant News EditorSaturday, July 03 - 2004 at 15:52 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This article was updated on Sun Jul 03 2005.
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