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FINANCIAL NEWS
UAE’s IRC sales hit USD9.25m in H1
04 Sep 2014
(MENAFN) International Rubber Company (IRC), a subsidiary of Masharie, registered an increase in sales reaching USD9.25 million in the January-June period, Gulf News reported.
The sales increase is mainly attributed to the rising demand for insulated rubber in real estate development projects in the Middle East.
This sales surge is also an accumulative result of IRC market in the UAE, Saudi Arabia and Qatar, with each sector marking an evident rise in sales in comparison to last year.
IRC’s real estate projects include several notable projects such as Yas Mall, Fairmont Hotel and International Airport in Oman.
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