RUBBER IMPORTS AND exports into Dubai hit US$2.1 billion in 2008, according to recent reports. This is consistent with the trend of continuous growth in the demand for rubber products being seen worldwide. In line with this, Rubber World Industries (RWI), manufacturer of closed-cell rubber insulation Gulf-O-flex in the Gulf and South East Asia, has announced plans to reinforce its current production capacity.
The move comes amid projections of a continuous rise in global demand for rubber products by four per cent annually to reach 26.5mn tonnes by 2011 and follows a previous US$8.2mn expansion plan announced by RWI to triple its production capacity to 3,600 containers per year by 2013. At present, RWI accounts for 86 per cent of the Middle East rubber insulation market share supplying the majority of the region?s requirements for rubber insulation pipes, sheets and other rubber-derived products. In addition, the company?s sales revenues peaked at over US$2.7mn in 2007. ?Increasing the quantity and augmenting the quality of our products are our foremost goals for 2009,? said Abu Baker Shaikhani, managing director, Rubber World Industries, and chairman of parent company, the Memon Group. ?We have strategically planned to elevate our production, and we are optimistic that we will see further growth in the region, especially in Dubai. Given the bullish projections on the demand for top quality rubber and rubber insulation products in the emirate, we are fully committed to continuously meeting the requirements of our valued customers."
RWI has delivered high quality products to major property developments by real estate leaders in the UAE. Among its largest undertakings in the emirates include residential project, The Villa in Dubailand, the Motor City project, an US$114,000 contract for the Traders Hotel project, and a US$135,000 deal for ?Horizon Tower? project. The company has also recently announced that it has been awarded a contract to supply rubber insulation products worth US$240,000 for the Green Community West Villas and Apartments, a high profile themed community development by Union Properties (UP) located in Dubai Investment Park. ?For our products to be a part of some of the most revered structures in Dubai and across the globe is truly a remarkable feat, which further motivates us to drive our association with the most prestigious projects by continuously providing them with top quality rubber products," said Shaikhani