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Dynergy Technologies, a subsidiary of Emaar, has opened a new manufacturing operation for low- and medium-voltage switchboards.
The facility is located in Dubai’s Technopark and covers 22,000 m2. According to Emaar, the opening will create 300 jobs, while the facility will have the capacity to produce 30,000 switchboard panels per year. A second expansion phase is also on the drawing board.
“The market for LV panels alone is estimated at AED 1.5 billion and Dynergy aims at tapping this growing market,” said Mahnad Kashani, a board member for Dynergy Technologies. “We target a turnover of AED 200 million by 2012, and the new premises, developed with the support of Emaar Industries & Investments (EII), will help us achieve our goal.”
EII acts as a facilitator of the industrial and manufacturing sector, and has supported Dynergy in business development, as well as implementing strong corporate governance measures. EII also secured a partnership with ABB Industries for Dynergy products thus bringing in advanced power and automation technology to the company.
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“The industrial and manufacturing sector is fast evolving as a key growth driver of Dubai’s economy, with small and medium enterprises accounting for up to 98.5% of Dubai’s business sector and accounting for 61% of the total workforce,” said Mohammed Saeed Al Raqbani, CEO of EII. “The expansion of Dynergy Technologies to a new manufacturing facility in TechnoPark will further empower the company to enhance its production capacity, and also seek new geographic markets for the company’s product range.”
The new plant also has several energy-efficient practices with production taking place under a sun-lit semi-glassed roof and using pneumatic tools system to save electricity consumption.
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