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FINANCIAL NEWS
UAE Alliance Plastics invest USD5.44m on expansion in Sharjah
29 Oct 2014
(MENAFN) Alliance Plastics FZE, which is based in Sharjah Airport International Free Zone (SAIF ZONE), announced their plans to expand in order to meet the rise in demand for various industrial plastic packaging products, particularly from the GCC market, Arab News reported.
The company said it has invested in a plot of 62840 square feet of land to expand their current operations, with the company expected to invest around USD4.08 million- USD5.44 million €Žin phase one of the expansion for their new state of the art plant and that construction work expected to initiate soon.
“We are involved in manufacturing of plastic pails / buckets for paint, food, lubricants, construction adhesives, etc. We currently have a strong established foothold in the UAE market and export to over nine countries. Our reputed clientele includes major players from various industries in the UAE and GCC. Keeping in mind our growth strategy and our urge to constantly excel to support are clientele with their packaging requirements, we have further decided to increase our production capacities,” Alliance Plastics Director said.
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