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CW in Focus: Peikko Group's Ras Al Khaimah 11,500m2 unit

The Finland-headquartered manufacturer recently opened its production facility in Al Hamra Industrial Zone

In a recent episode of Construction Week in Focus Season 4, we turn our attention towards the launch of Finland-headquartered concrete connections and composite structures supplier Peikko Group's factory opening in Ras Al Khaimah's Al Hamra Industrial Zone, supported by the Ras Al Khaimah Economic Zone (RAKEZ). 

The inauguration ceremony was attended by the Supreme Council Member and Ruler of Ras Al Khaimah, HH Sheikh Saud bin Saqr Al Qasimi; the chairman of Ras Al Khaimah Economic Zone, HH Sheikh Ahmed bin Saqr Al Qasimi; Finland’s ambassador to the UAE, Marianne Nissila; chief executive officer of Peikko Group, Topi Paananen; managing director, business units and member of the executive committee of Saudi Arabia’s Rashed Abdul Rahman Al Rashed & Sons Group, Mahmoud Ghanayem and Pekka Ettala.

Speaking to Construction Week about choosing Ras Al Khaimah for Peikko Gulf’s operations, Paananen said: “Peikko is known to operate in small locations that offer a better quality of life and where we can target more committed people.

In Ras Al Khaimah, we found a service that was flexible and straightforward. We got our first renting facility here and we also had the flexibility to expand our locations.”

Peikko Group established Peikko Gulf in 2010 in Ras Al Khaimah, offering in-house manufacturing facilities.

In 2017, Peikko Gulf signed a land leasing agreement to increase its Middle East operations and shifted from a 2,700m2 rented facility to its independent unit covering 11,500m2 in the Al Hamra Industrial Zone, supported by the RAKEZ.

RAKEZ, which hosts Peikko Gulf in Al Hamra Industrial Zone, also hosts and supports the operations of "770 manufacturing and/or industrial units, allowing their clients to operate from their zones," HH Sheikh Ahmed bin Saqr said to Construction Week.

Explaining how the emirate serves as a strategic location for factory operations, he said: "We are blessed to be strategically located at the centre of fast-emerging markets and be supported by major land, sea and air logistical hubs, making it easy for our clients to import and export. Most importantly, Ras Al Khaimah is very cost-effective. Nowhere else will manufacturers and traders find a premier business city that provides cost-effectiveness on setting up, operating, and even expanding their business."

"Businesses experience cost-effectiveness on setting up, operating and even expanding their business," he added.

Peikko Group’s key products include its specialised composite beam DELTABEAM®, which enables slim-floors for multi-storey buildings. The product allows for fast, efficient and sustainable construction. Furthermore, the specialised product allows for flexible open space, additional room height, easy and space-saving HVAC installations, lower heating and cooling costs, and integrated fireproofing.

Peikko Group's other key products include precast products, reinforcement systems, concrete floor products, bolted column connections, and onshore wind turbine foundations.

In addition to Peikko Gulf, Peikko Group’s Middle East subsidiaries include Al Rashed Peikko, a warehousing and sales office, which was established in 2008 in Dammam, Saudi Arabia, born out of a joint venture between Saudi Arabia-based investment, trading, and industrial conglomerate Al Rashed & Sons Group and Peikko Group Corporation.

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Feb 22, 2020