Bahrain-based importer Grip Machinery reports it has seen phenomenal growth ever since it partnered with US-based Chesterton Company, a leading manufacturer and distributor of heavy industrial solutions products of fluid sealing systems, high performance protective coatings and lubricants for rotating and static equipment.
Religious preference for halal products in Saudi Arabia is the primary driver of the halal cosmetics market in the kingdom, which is projected to grow at a CAGR (compounded annual growth rate) of over 15 per cent between 2015 and 2020, a report said.
Honeywell is preparing to launch its Smart Wi-Fi thermostat in the Middle East sometime in Q1 of this year. “We’re expecting a lot of interest in this lifestyle-enhancing product,” said Dilip Sinha, business leader and regional general manager, Middle East and Africa, Honeywell Environmental & Combustion Controls.
Brazil's meat industry was elated following the lifting of a ban by Saudi Arabia on the import of Brazilian beef. The two countries signed a Memorandum of Understanding (MoU), effectively drawing to a close the ban that has been in force for almost three years.
UK-based CNH Industrial has launched variants of its 6 x 4 Iveco Trakker range with automatic manual transmission ZF EuroTronic. The launch took place during a test drive event with its UAE distributor, Saeed Mohammed Al Ghandi & Sons (SMAG), attended by SMAG’s managing director Buti Saeed Al Ghandi and chief executive Graham Turner.
Fastring, which has been manufacturing industrial seals and waterproofing products over the past 25 years, is looking for distributors and partnerships to intensify its presence in the UAE and the rest of the Gulf. Currently, sales in the Gulf have been minimal, but Fastring sees the region as potentially a high-yielding market.