$400 million Proclad plant opens in Dubai
A further $300 million phase II expansion to be rolled out by 2011
Proclad has announced that production is underway at its new manufacturing complex based in Dubai’s Technopark. The company is a leading global precision engineering, manufacturing and service provider for the oil & gas and petrochemical industries.
The Phase I facility – which is set to triple the company’s annual capacity worldwide - has seen a $400 million investment in four fully fledged manufacturing plants, a state-of-the-art Research and Development centre and a Training Academy that will offer co-branded courses in partnership with The Welding Institute (TWI).
Commenting on the production launch Yaseen Jaffer, Proclad’s Chief Executive said: “The first two factories of our Phase I expansion were completed in July and met all of the industries stringent pre-production quality and safety standards. As a result we have been able to begin manufacturing a range of mythically clad products for our clients ahead of schedule.
“Two additional manufacturing facilities are scheduled to begin production in the latter part of this year and we expect to see production levels increasing progressively until then,” added Jaffer.
Proclad has earmarked a further $300 million for Phase II expansion works which began construction earlier this year and are due for completion in 2011.
According to Jaffer, approximately 500 jobs are expected to be created when the facility is complete.