Plant job award in June
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The US $32 million (AED117.4 million) contract for Phase One of Gulf Extrusions' new aluminium plant in Qatar is expected to be awarded in June.
Construction of the new plant is part of an expansion plan to double the company's production to 100,000 tonnes within the next six years.
The demand for aluminium extrusions in the Middle East is expected to rise from 400,000 tonnes in 2007 to an average of 450,000 tonnes this year.
The new facility will be located near the Qatalum aluminium smelter in Mesaieed and is expected to be operational by mid-2009.
Qatar's United Development Company is the consultant on the project.
The second phase of the project will involve the construction of another 10,000-tonne facility.
"The new facility has been strategically located to cater to high-growth markets, particularly Qatar, the UAE, Kuwait and Saudi Arabia. We will award the construction package in June," said Modar Al Mekdad, general manager, Gulf Extrusions.
Nearly 70% of Gulf Extrusions' production is supplied to the domestic market to support the enormous construction projects in the UAE. The rest is exported to South East Asia, other GCC countries, Europe and Canada.
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