Manufacturing and Industry

looking at the manufacturing and industry sector in the Middle East

Efeco buys 30,000 LG air-conditioners
Emirates Falcon Electromechanical(Efeco), a subsidiary of Arabtec Holding specialising in mechanical, electrical and plumbing works, has signed a deal with LG Electronics and its local representative, Fortune International Trading, to purchase 30,000 air conditioning units worth approximately Dhs70m ($19m). Efeco will install these units in more than 6,000 villas that it has under contract at various projects in Dubai.
United Arab Emirates: Wednesday, June 04 - 2008 at 07:23

Drake & Scull to launch Dhs1bn IPO
Dubai-based contracting firm Drake & Scull plans to raise Dhs1bn ($272m) in an initial public offering this month and list the stock on the Dubai Financial Market by October, reported Reuters. Owners of the company plan to sell a 55% stake, according to a company spokeswoman who declined to identify the owners.
United Arab Emirates: Tuesday, June 03 - 2008 at 07:29

3M plans UAE plant
US manufacturing firm 3M is planning to launch a facility in the UAE this year, according to a Gulf News report. A senior official told the newspaper that construction was scheduled to begin within the next few months on a predetermined site, although the final level of investment had yet to be determined.
United Arab Emirates: Monday, June 02 - 2008 at 08:36

New measurements agreed
The Emirates Standardisation and Metrology Authority has announced that it has approved 500 set standard specifications for the UAE at its first directors' meeting. Of the approved measures 492 are GCC unified specifications.
United Arab Emirates: Sunday, June 01 - 2008 at 08:24

UAE flooring market to hit Dhs1bn
The UAE's office flooring market will hit Dhs1bn ($272m) as the amount of floor space in offices and apartments has doubled in recent years, according to German floor manufacturer Parador. Parador has entered into a long standing sales agreement with office furniture supplier, OFIS. OFIS is the only supplier of major international brands including INTERFACE, Beaulieu of America, DVO, Zuco, and Bosse.
United Arab Emirates: Saturday, May 31 - 2008 at 08:21

Arabtec arm signs $34m deal with Ducab
Emirates Falcon Electromechanical Company, a subsidiary of Arabtec Holding, has signed a Dhs125m ($34m) agreement with Ducab to supply electric cables to all of its projects in the UAE. The projects include a total of 6000 villas for the Sheikh Mohammed Bin Rashid National Housing Programme at Al Warqa, Oud Muttena and Al Barsha; for Emaar at Emirates Hills, Arabian Ranches and Albawadi; Dubai Silicon Oasis villas, and Sanctuary Falls.
United Arab Emirates: Thursday, May 29 - 2008 at 13:30

Everest Kanto plans $41m expansion
Everest Kanto Cylinders, India's largest compressed natural gas cylinder manufacturer, plans to invest up to $41m in expanding capacities across its plants in Dubai, the US, China, and India, reported India's Daily News Analysis. The company is also expected to report a 50% rise in net profit on a 35% rise in volumes, for the current fiscal year. The company is also
United Arab Emirates: Thursday, May 29 - 2008 at 08:52

Drake & Scull wins Zamil contract
Drake & Scull International yesterday announced that Zamil Industrial has awarded it the engineering, procurement and construction contract for the district cooling system within Saudi Iron and Steel Company (Hadeed), a wholly-owned subsidiary of Saudi Basic Industries Corporation (Sabic), the company said in a press release. In 2007, Zamil Industrial signed a 22-year contract with Sabic for the outsourcing of process and comfort cooling and building plant to supply up to 20,000 tonnes of refrigeration at Hadeed.
Saudi Arabia: Wednesday, May 28 - 2008 at 08:32