Big 5: Diversified GulfEx immune against oil
The aluminium supplier told CW its business does not face "an immediate threat" due to the market slowdown driven by low oil prices
Gulf Extrusions is confident about its market position, despite an industry-wide slowdown driven by oil prices.
Arvind Kumar, business development manager for the firm, told Construction Week on the sidelines of The Big 5, that the company's differentiated product mix provides it a degree of insulation against market fluctuations.
"Up to 65% of Gulf Extrusion’s product mix is focussed on architecture, and the rest on industrial and automotive sectors.
"Our focus is well spread and we don’t see an immediate threat to our business from the slowdown.”
Highlighting the company's performance in 2015 and his expectations of 2016, Kumar said he will keenly monitor marked activity as key regional events draw closer.
"This year has been very important because we're closer to Expo 2020 and 2022 FIFA World Cup," he said.
"Projects that were on paper so far are now moving past the drawing board. We are having more concrete disucssions with our clients."
Gulf Extrusions expanded its operations into Egypt earlier this year.