Emirates Extrusion Factory set for further growth following acquisition
UAE aluminium extrusion market to reach more than 175,000MT during 2011 to 2017
Global market research firm, Frost & Sullivan, has said Emirates Extrusion Factory is set to become one of the top players in the GCC region, following its recent acquisition of AKFA Aluminium and Plastic.
The UAE aluminium extrusion market is estimated to reach more than 175,000 metric tonnes (MT), or around 35% of the total GCC demand, growing at a CAGR of 8% to 9% during 2011-2017.
“When other regional players are focusing on organic growth (or expansion of existing lines), Emirates Extrusion Factory has raised the bar by investing to buy-out an existing facility in the UAE which is expected to reduce the potential risk in Greenfield expansion,” S. Venkatesan, director of Metals and Minerals Practice, Mena and South Asia, Frost & Sullivan, said in the report.
