LABTEC LLC, a leading player in the designing, manufacturing, installation and commissioning of laboratory furniture and part of Masharie – a subsidiary of Dubai Investments – is targeting aggressive expansion in the GCC area, Asia, Africa and Russia amidst escalating demand.
Buoyed by the growth potential on offer, Labtec is looking at reinforcing its leadership through supplies to projects in newer markets. In a move that provides a major thrust to its expansion plans, Labtec recently won several prestigious projects including seven school laboratories in Qatar as well as contracts in Saudi Arabia and Kuwait.
In the UAE, Labtec continues to build on its market leadership, having won a contract to supply laboratory furniture at the Ghayathi Community Hospital project. The ISO 9001 certified Labtec, which operates an 8,000 sq m facility in Sharjah, achieved sales of Dh18 million ($4.90 million) in the last year, and aimed to touch Dh23 million in 2014.
Muhammad Tariq, general manager of Labtec, said: “The region is witnessing exponential growth in the healthcare and educational sectors, with rampant construction under way. Naturally, there is a huge demand for high-quality laboratory furniture solutions and Labtec is targeting aggressive growth in new markets. Our strategy is focused on geographical growth and we see the GCC, Asia, Africa and Russia as markets with real opportunities.”
Labtec, which has been conferred EN 14175 Part III and Ashrae-110 (American Standard) certifications for its fume cupboards, has also finalised plans to supply Forest Stewardship Certification (FSC) products in the GCC as part of its green building concepts. The products are high in demand across the GCC, particularly in Saudi Arabia.
The company also plans to introduce a unique media ceiling and media column system in laboratories across the GCC. Designed and produced by Swiss company Ludi, the patented system maximises flexibility of heating, ventilation and air-conditioning controls.
Labtec is targeting 10 per cent year-on-year growth in the next five years. “Our innovative product lines are designed to meet different industry requirements and we are geared for strong growth in the coming five years. Following on the success of new certifications, we will reinstate our business strength within the GCC and tap new clients in the educational and the healthcare sectors across Saudi Arabia, Kuwait and Australia, where FSC products are mandatory,” added Tariq.