RAKtherm gears up for Expo 2020 with $200m expansion plan.
Investment spread across 35 countries to meet the growing local and global industry demands.
RAKtherm, the region’s leading piping solutions provider has announced a major $200m investment plan to expand its manufacturing facility and product portfolio. Extensive infrastructure plans, revival of the construction industry and the growing UAE economy have all contributed to what is seen as a strategic move by the company to further boost its reputation for being a high-end source for ultimate piping solutions.
With numerous projects spread across over 35 countries; RAKtherm, a division of Tahweel Industry; intends to add more to its manufacturing space and state-of-the-art machinery under its expansion plans. With a manufacturing facility at Ras Al Khaimah, RAKtherm aims at further penetration into the regional as well as overseas markets. At present, RAKtherm offers the widest range of PP-R and its complimentary PE-X piping systems including Multilayer Oxygen Barrier pipes and Aluminium Composite pipes in addition to the conventional piping systems. They also have the new generation piping solution called RAKtherm Reinforced Piping Systems, proven to be highly resilient even at the most extreme conditions. RAKtherm is one of the very first manufacturers to introduce integrated full systems with anti-UV protection for fittings. Combining technology and the in-house engineering team’s expertise for performance-driven products, RAKtherm piping systems can efficiently perform for over 50 years.
Major projects such as Expo 2020 and plans by the government of Dubai to increase government spending on infrastructure development will see a boom in the UAE’s construction industry. In 2014, in the UAE, announced and planned projects hit a total value of US$315 billion. Banking on this sustainable growth in the Middle East and globally, RAKtherm forecasts an increase in worldwide demand which necessitates production escalation. Anticipating a huge surge in the piping industry; RAKtherm with its PPR and PEX Piping Systems will develop an extensive and diverse portfolio for both export and home consumption. Expo 2020 expects to attract 25 million visitors. This, coupled with improving economic conditions, have created the platform for a construction boom over the next 5 years.
Mr. Ali Hashim, Chairman, Hashim Group, said; “Our expansion plans will see our production capacity increase. Over the years we have established ourselves as one of the foremost suppliers of high quality piping. Our focus has always been on diligent quality assurance, exclusive machinery, accuracy in specifications and the matchless gamut of products. Our current expansion plans will give us the capacity to meet the ever growing demands of our loyal client base.”
RAKtherm pipes and fittings are extensively used in food and medical and ancillary industries as they are harmless and safe. A specialist in its domain, manufacturing material used at RAKtherm is particularly developed for engineering applications with stringent requirements. This results in an end product that is environment friendly and devoid of harmful elements that could cause potential hazards.
The products’ compression strength, elasticity, corrosion, chemical and heat resistance are just some of the factors worthy of ideal piping systems for potable hot and cold water.
RAKtherm’s PE-X systems can either be used independently or to complement the equally wide range of PP-R systems. With a sophisticated know-how, inflexible quality measures and environment-friendly norms; RAKtherm has been able to surpass the quality of German manufacturers.
RAKtherm currently boasts of an impressive international presence with a strong network of agents in more than 35 countries to include Europe, GCC, East Asia and North and South Africa.
For trade enquiries and further details please log onto www.raktherm.com