Hira to build two more factories in next 12 months
The construction products manufacturer plans to add factories in Ras Al Khaimah and Dubai TechnoPark
UAE-based Hira Industries plans to build at least two more factories in the next year.
Last year the construction products manufacturer opened two new sites in Ras Al Khaimah for ventilation systems and thermal insulation foams.
It plans to add to this with another one in Ras Al Khaimah, and another at Dubai TechnoPark, which will produce pipe supports systems as part of Hira’s joint venture with Walraven.
“Right now we are extremely busy working on multiple projects across the UAE,” managing director Manish Hira says. “It’s very easy to growth the business right now because there is a lot of work. But strategically growing is the hard part and not taking too much exposed risk. Everyone has seen players come in the market and go out.”
Hira says the company will most certainly be introducing new product lines either through organic growth or acquisitions.
“We are hiring a lot of people now that have a lot of technical expertise and that all goes into our research and development of new and existing product lines,” he says.
“This is very initial but I’m sure it will happen over the next year or two where more verticals will be added.”