Building materials firm opens $80m Jebel Ali plant
JRD International boss plans spend of $400m on expansion in four years
Dubai-based conglomerate JRD International has set up a new $80m plant in Jebel Ali which will manufature composite boards.
The polypropylene boards will be used in interior design as cladding for offices and residential properties. The company said that the 40,000m2 plant within the Jebel Ali Free Zone will emplo 700 jobs, with thousands more expected in its supply chain.
The plant will be capable of producing 110,000 metric tonnes of polypropylene a year, which will be sold across the GCC, through Africa and the CIS.
JRD International managing director Anupam Lunavat said the facility would be "the largest single-site manufacturing plant of rigid extrusion of polypropylene in the world".
He added that the firm's investment "reflects our belief and commitment to the UAE and the GCC economies”.
“The company plans to reach global production of half a million metric tonnes per annum by 2016,” he said.
“When in full production, RMD Board will not only help UAE reduce its dependence on imported plywood, particle board, MDFs, etc and help the country in attaining self reliance in these areas, but also raise exports of indigenous manufactured products,” Lunawat added.
The wall panels and false ceilings made at the plant are currently available in 300 different designs and textures, but RMD said this would eventually be extended to more than 1,000.
Lunavat said his company is also planning to invest up to $400m (Dh1.5bn) on international expansion which could see the company build 80 lines in seven territories within the next four years.
“RMD Board is the realization of our dream for the future and we want to transform it into a global company. Within the next four years, we will set up similar plants in emerging economies such as the BRIC nations and Turkey and North America,” he said.