Anchor Allied
Expansions valued at US$7.1m planned for Sharjah
?Demand for specialist sealants and adhesives has lead to a multi-million dollar expansion plan for manufacturer Anchor Allied.
The company, a subsidiary of Masharie, the private equity arm of Dubai Investments PSJC, will invest US$7.1m in a dual-phased expansion of its Sharjah factory. Both phases are due for completion by May this year; creating 60 new jobs for floor staff.
“Anchor Allied remains focused on consolidating its position as the largest manufacturer of adhesives and sealants in the Middle East. This project expansion, in line with our corporate growth strategy, reaffirms our commitment to increasing our presence across categories that are in high demand,” said general manager, Mustafa Kachwala.
The highest increases in demand have been witnessed in central and southern Africa and east Europe.
“Once the expansion is complete, we will have annual production capacity of more than 18 million additional cans of aerosols per year.” Anchor’s product catalogue includes sealants, aerosol spray paints, insecticides and automotive-care products. In October 2010, a new range of weather sealants was launched, branded ASMACO 2670.
The company was established in 1995 and currently operates through a network of distributors, retailing the leading brand, ASMACO, throughout the GCC and Indian sub-continent, east Europe, America, Africa and CIS countries.
