Danube puts US $13.6 on glass and alum

Building materials supplier Danube has said it will invest US $13.6 million (AED50 million) towards setting up aluminium and glass manufacturing facilities around the GCC by 2009.

Building materials supplier Danube has said it will invest US $13.6 million (AED50 million) towards setting up aluminium and glass manufacturing facilities around the GCC by 2009.

This follows the growing aluminium market with recent studies predicting that aluminium production in the UAE would cross 2.5 million tonnes by 2010.

Speaking to Construction Week, Danube chairman Rizwan Sajan said: "The investment will be spread out all over the GCC with focus on our new Sharjah facility that has just been completed.

"By investing, we mean we will begin setting up the infrastructure to begin production including preparing the place and inventory, purchasing the value added machines and other vehicles.

"We are planning on building more facilities at a later stage."

The investment also aims to capitalise on the steadily rising price of aluminium, which rose by 23% in the first quarter of 2008 in Dubai compared to the same period last year.

Sajan also said that tenders for a new $2.7 million facility in Ras al Khaimah were currently being assessed and an award would be made next month.

The company supplies a range of architectural glass products, including Saint-Gobain, Guardian and Glaverbel.

It also invests in many types of glass processing units.

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