Dubai rubber firm eyes 15 percent growth
ERJ staff report (TP)
Dubai − International Rubber Company (IRC), a subsidiary of Masharie, the private equity arm of Dubai Investments and a leading manufacturer of synthetic rubber, is targeting 15 percent year-on-year sales growth, riding on the demand for rubber insulation products in the region, reported Trade Arabia.
It is set to expand its client portfolio in the region, driven by the demand for rubber insulation products amid the burgeoning construction industry across the UAE and Gulf countries.
The company is also looking to penetrate export markets including France, Germany, Italy, Belgium, Switzerland and the US.
"IRC is eyeing a strong growth trajectory this year, and the encouraging sales are reflective of the strong demand for our products," said Urfi Kidwai, general manager.
The company recently launched Siltech, a general-purpose permanently elastic silicone sealant based on acetic acid with long-lasting, UV and colour protection which is used for sealing, bonding of construction indoor and outdoor applications, and for sanitary sealing jobs in kitchen and bathrooms.
It is the authorised distributor of silicone sealants for Momentive Performance Materials (formerly GE Bayer Silicones) in UAE, Oman, Qatar, Kenya and Tanzania. It also distributes 3M construction and electrical products in Saudi Arabia.
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Full story from Trade Arabia