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FINANCIAL NEWS
Dubai’s Gulf Extrusions sees 300% increase in exports to India in H1
14 Aug 2012
(MENAFN) Dubai’s Gulf Extrusions a part of Al Ghurair Group of Companies, said that its exports to India saw a 300 percent jump during the first half of 2012 year-on-year compared to 2011, the company said in a press release.
The Indian market has been particularly impressive with exports expected to triple this year alone, General Manager Modar Al Mekdad said.
The company produces aluminum extruded profiles ranging from architectural sections to components for air conditioning grills, furniture, marine applications, transportation, automotive, and customized products.
Gulf Extrusions said that exports to neighboring GCC countries saw 7 percent increase in the period, while exports to African markets saw 6 percent growth.
Gulf Extrusions indicated that it is increasing output as part of its strategy of diversifying its product range and markets to reach a much wider customer base across different industry sectors such as construction, oil and gas, marine, automotive and telecom.
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