Dubai to open $45mn fiberglass pipe factory
Gulf Eternit Industries plans manufacturing facility in Dubai Industrial City.
Gulf Eternit Industries plans to open a factory in Dubai Industrial City to manufacture fiberglass pipes and fittings for the water, oil and gas and industrial sectors.
With production capacity of 50,000 tons, translating to 600 kilometers of pipe per year, the 176,720 m2 factory will be built at a cost of around $45mn.
Gulf Eternit Industries is a member of Future Pipe Group, the global design and manufacturing leader of anti-corrosive large diameter fiberglass pipe systems.
In addition to creating more than 715 employment opportunities, the unit will consolidate Future Pipes’ growing role as a leading supplier of fiberglass pipes and fit-outs to government and private sector companies that serve as lifelines of the UAE economy.
The company currently supplies prominent UAE entities such as Dubai Municipality, DEWA, SEWA, FEWA, ADWEA, ADNOC Group of Companies, and Borouge.
Fouad Makhzoumi, Chairman of Future Group, said: “Dubai Industrial City’s strategic location and proximity to Abu Dhabi, Jebel Ali Port and Al Maktoum International Airport influenced our decision to establish our presence at this unique industrial hub.
“Advanced infrastructure, best-in-class services and reliable transport networks make the destination a preferred hub of choice for manufacturing firms such as ours.
“With the world pipe market demand projected to reach $130bnn by 2016, Future Pipe Group remains committed to expanding its global footprint throughout the Middle East, Africa, Europe, North America and Asia.
“Our strengthened presence at Dubai Industrial City will particularly help us reinforce Dubai and the UAE as a key manufacturing destination of quality products that are marketed worldwide.”
Established in Dubai in 1984, Future Pipe Group has evolved from a local manufacturer to a global leader in the large diameter fiberglass pipe industry with factories in the UAE, Oman, Qatar, Saudi Arabia, Egypt, India, Indonesia, The Netherlands, Spain and the US.
The group designs, manufactures and supplies fiberglass pipe systems to more than 400 major customers in over 50 countries across the power, oil and gas, petrochemical, infrastructural, municipal, desalination and marine market segments.
Dubai Industrial City is currently home to more than 600 companies.