Milan based firm attributes surge to improving growth outlook of country’s construction industry
The Italian producer of adhesives, thinsets and sealants for the construction sector, Mapei, has said the sales of its admixture line of products in the UAE have doubled during the first quarter of this year, compared with the corresponding period in 2011.
The Milan-based firm attributed the surge to improving growth outlook of the country’s construction industry, which analysts forecast to achieve a compound annual growth rate (CAGR) of 7% from 2010 to 2013.
“The 100% growth in the sales of our admixture line is an important milestone that underlines the reputation of Mapei as one of the most trusted and recognizable brands in the UAE’s construction market,” said Ahmad J E’wida, Mapei market manager – Concrete Admixture.
The company has a admixture manufacturing facility at Dubai Investment Park, which produces its admixture product line with special properties suitable for the region’s demanding climatic conditions.