The contract was signed by Khalfan Al Suwaidi, Managing Director, Emirates Extrusion Factory, Ajman, and officials of AKFA Aluminium and Plastic FZE.
As part of the deal, EEF acquires a 10,000 sq. meter factory on leased-land of 35,000 sq. meter at Techno Park, a special free zone under the Jebel Ali Free Zone Authority. The transaction includes the procurement of machinery such as extrusion press in addition to automatic and manual powder coating lines. A large plot of land with scope for adding another two presses, anodizing line, wood finish line and a thermal break line has also been acquired as part of the buyout.
Khalfan Al Suwaidi said: "At Emirates Extrusion, we constantly invest in the latest technology in order to upgrade our business efficiency. The new factory will streamline our operational processes and dramatically reduce cost and improve time efficiency to help us escalate overall output. "Located strategically near the Jebel Ali port, the plant will help us serve the entire UAE market. Its close proximity to Dubai Aluminum and Emirates Aluminum will reduce the transportation cost of billets and scraps and improve our overall business readiness. We will commence operations from the new plant immediately."
The new acquisition will help EEF offer the most reliable aluminium profiles with a guarantee of durability and considerable service life. The vast selection of products can be used for facade glazing, furniture, showcase units and interior decoration.
Since its establishment in 1993, Emirates Extrusion Factory has grown to become one of the Middle East's market leaders in the development, commercialization and production of high quality aluminium systems for architectural and non-architectural applications. The company offers an impressive range of premium-quality, energy-efficient extruded aluminum profiles as part of its strategy to consolidate its presence in the global market. Its offerings include windows, doors, and structural glazing, as well as partition grill, hand rail, and curtain wall systems.
Masharie - which has made equity investments in over 17 companies in the past few years - invests in high-potential existing businesses in diverse sectors. It focuses primarily on the growth and expansion stage investments, as well as flourishing investment financing and buyout of mature companies with an excellent past record. The company enhances the value of its partner companies through group leverage, operational and financial improvements, and attractive management incentives to realize capital gains.
About Emirates Extrusion Factory
Emirates Extrusion Factory LLC was established in 1993 in Ajman, UAE and is now recognised as a dynamic aluminium extrusion company. Aside from primary extrusion production it provides a full-range of on-site services like powder coating, anodizing and thermal break. It supplies superior quality products with high precision tolerances at competitive prices catering to various markets including architectural, consumer products, transportation and industrial. It has more than a hundred customers in the Middle East, Asia, Europe and Africa. All products comply with BS, EN and ISO 9001 standards.
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