Rubber World Industries has announced it is planning to increase its production capacity by 50% during 2009.
The firm, which provides rubber installation products for the oil and gas industry has also announced a revenue target of AED60million for this year.
“Amidst expectations that the Middle East economy and market will come to a more stable position, we have redefined our current standards to further exceed what we have achieved in the previous year,” reported Rubber World Industries managing director Abu Baker Shaikhani.
Last year the company invested in a new AED30 million production facility in Ajman and is now looking at further expansion.
“In addition to increasing our production, we will be reinforcing our investments into the latest technologies to further enhance our products’ quality and performance, while capitalising on the considerable reduction in raw material costs to produce higher quality products at lower prices,” concluded Shaikhani.
