EMIRATES Extrusion Factory (EEF), a subsidiary of Masharie, the private equity arm of Dubai Investments (DI), has aquired a state-of-the-art production facility for aluminium extruded profiles from Akfa Aluminium and Plastic FZE.

The contract was signed by Khalfan Al Suwaidi, managing director, Emirates Extrusion Factory, Ajman, and officials of Akfa Aluminium and Plastic FZE.

As part of the deal, EEF acquires a 10,000 sq m factory on leased land of 35,000 sq m at Techno Park, a special free zone under the Jebel Ali Free Zone Authority.

Al Suwaidi said: “At Emirates Extrusion, we constantly invest in the latest technology in order to upgrade our business efficiency. The new factory will streamline our operational processes and dramatically reduce cost and improve time efficiency to help us escalate overall output.”

Located near Jebel Ali Port, the plant would help the new owners to serve the entire UAE market and close proximity to Dubai Aluminum and Emirates Aluminum would reduce the transportation cost of billets and scraps and improve overall business readiness, Al Suwaidi said.

The new acquisition will help EEF offer the most reliable aluminium profiles with a guarantee of durability and considerable service life. The vast selection of products can be used for facade glazing, furniture, showcase units and interior decoration.