Rubber World Industries to add capacity in Middle East

ERJ staff report (DS)

Dubai -- Rubber World Industries (RWI) has announced plans to increase its current production capacity, amidst projections of a continuous rise in global demand for rubber products by 4 per cent annually to reach 26.5 million metric tons by 2011. The move follows a previously announced AED 30 million expansion plan outline focused on tripling its production capacity to 3,600 containers per year by 2013.

RWI said rubber imports and exports into Dubai have hit AED 7.8 billion (Euro 1643 million) in 2008, according to recent reports, which is consistent with the trend of continuous growth in the demand for rubber products being seen across the globe.

RWI claims to have 86 per cent of the Middle East rubber insulation market share. The company claims sales revenues of AED 10 million (euro 2.1 million) 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 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.”