ELIPS is a joint venture between Empower and Logstor and will cater to the district cooling and oil and gas sectors.
Ahmad Bin Shafar, CEO of Empower (51% partner), said: “This factory represents Dubai’s success in bringing fresh investments into the Emirate. Further, it demonstrates Dubai companies’ progressive outlook reflected in investing in new ventures, expanding existing facilities to provide full integrated solutions and producing raw material internally instead of importing it.”
“Empower entered this joint venture with an eye on securing the supply chain of pre-insulated pipes used in District Cooling Services (DCS) networks which constitute 20-25% of our total capital investment. The facility will ensure timely delivery and installation of pipe networks that will have a major impact on Empower’s project timelines,” he added.
Bin Shafar also revealed that through the manufacturing facility, Empower will be saving between 15-25% on the cost of pre-insulated pipes for its various district cooling projects.
“This factory represents an opportunity for Empower to achieve backward integration. It will also consolidate the company’s status as a leading regional player in pipeline systems by meeting the industry’s primary requirement for pre-insulated pipes,” Bin Shafar said “Empower’s position as the region’s number one company for district cooling is more realised now with the opening of this factory,” concluded Bin Shafar.
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