Refco opens aluminum downstream plant
Al Ghuraur subsuduary to make car parts for auto industry
Royal Engineering Fabrication Company (REFCO), a subsidiary of Dubai's Al Ghurair Group, has officially opened a new downstream aluminium plant in the Jebel Ali Industrial Area.
The company said that the new plant will produce fabricated parts for the automotive, non-automotice and architectural industry and it will be supplied by the UAE's biggest aluminium producers - Dubal, Emal and Gulf Extrusions.
The Refco plant will produce over 1.3m car parts for premium vehicle manufacturers this year and is forecast to produce 1.9m parts next year.
The opening was attended by a number of dignatories including representatives from its main suppliers including the CEO of Dubai Electricity and Water Authority, Saeed Mohammed Al Tayer.
Majid Al Ghurair, CEO of Al Ghurair Group, said: “The opening is a reflection of Al Ghurair Group’s commitment to building a truly world-class downstream supplier within the UAE to support its long-term industrial strategy.
"The new plant, while adopting the latest advanced technologies and the highest standards in sustainability and environmental conservation, will propel our country’s economy by boosting its aluminum products export, particularly for the automotive sector.”
He said the UAE was now "better-positioned to capitalise on the region’s abundant supply of aluminum" which would allow it to compete worldwide on cost, quality and value criteria.
The company already supplies parts to organisations worldwide including manufacturers in Eastern Europe, Germany, France, Italy, the UK and Mexico.