May 17, 2008

Gulf Extrusions to award aluminum plant contract in June 2008

It is reported that the USD 32 million contracts for Phase One of Gulf Extrusions' new aluminum plant in Qatar is expected to be awarded in June 2008. Construction of the new plant is part of an expansion plan to double the company's production to 100,000 tonnes within the next six years.

Mr Modar Al Mekdad general manager of Gulf Extrusions said "The new facility has been strategically located to cater to high growth markets, particularly Qatar, the UAE, Kuwait and Saudi Arabia. We will award the construction package in June."

As per report the new facility will be located near the Qatalum aluminum smelter in Mesaieed and is expected to be operational by mid 2009. Qatar's United Development Company is the consultant on the project.

The second phase of the project will involve the construction of another 10,000 tonne facility.

Nearly 70% of Gulf Extrusions' production is supplied to the domestic market to support the enormous construction projects in the UAE. The rest is exported to South East Asia, other GCC countries, Europe and Canada.