Price of rubber raw materials rises by 15 per cent, says Rubber World Industries

Price of rubber raw materials rises by 15 per cent, says Rubber World Industries

Company maintains prices and ensures sufficient supply of rubber insulation products across the region amidst global price hike

August 18, 2009

The average price of rubber raw materials across the globe has risen by 15 per cent in 2009, says Rubber World Industries (RWI), the leading manufacturer of closed-cell rubber insulation 'Gulf-O-flex' in the Gulf and South-East Asia, and part of the international business conglomerate, the Memon Group of Companies. Amidst the upward movement of global prices, RWI, which accounts for 86 per cent of the Middle East rubber insulation market share, has committed to maintain its prices and ensure sufficient supply of rubber insulation products across the region, including pipes, sheets and other rubber-derived products.

Following a long period of continuous decline, the price of rubber raw material in the world market has seen an increase in the second quarter of 2009. Furthermore, three of the largest rubber producers in Southeast Asia - Thailand, Malaysia and Indonesia, agreed to cut down their exports to push up the export price. Rubber producers and exporters have also decided to cut down output, which could translate to a 6.2 per cent drop in world rubber production in 2009 to hit 9.36 million tons. Amidst increasing global rubber raw materials prices, RWI maintains a positive outlook on the regional market taking pioneering efforts to enhance its processes and production capacity.

“Amidst present challenges, we are strengthening our efforts to increase our production by 600 containers to sufficiently address the need for rubber insulation products in the region,” said Abu Baker Shaikhani, Managing Director, Rubber World Industries, and Chairman of the Memon Group. “We expect the region to witness a steady increase in the demand for high quality rubber insulation products, which motivates us to explore more technologies to further enhance the quality of our products and the efficiency of our processes.”

RWI has also recently revealed its expansion goals, which is to be able to produce 3,600 containers by 2013, thereby cementing its leading position as the source of high quality products for major property developments by real estate leaders in the UAE. As the only producer of rubber insulation in the Middle East region, RWI delivers a versatile range of rubber insulation products that meet the requirements in the oil and gas fields, construction, shipping and automobile industries. RWI products are used in more than 90 countries, including the US, Germany, Russia, Canada and Singapore.

UAE building construction market poised to hit USD 64 billion in 2010

UAE building construction market poised to hit USD 64 billion in 2010

Rubber World Industries aims to leverage growth prospects by delivering high quality eco friendly rubber products

April 13, 2009

The UAE building construction market is projected to reach USD 64 billion in 2010 - a considerable rise from the market’s value at USD 46 billion in 2008, according to a recent industry study, thereby bringing some relief to suppliers as the market is expected to maintain present activity levels over the next three to four years. With aims to leverage the growth prospects within the UAE, Rubber World Industries (RWI), the leading manufacturer of closed-cell rubber insulation 'Gulf-O-Flex' in the Gulf and South-East Asia, and part of the international business conglomerate, the Memon Group of Companies, has reiterated its commitment to delivering high quality eco-friendly rubber insulation products to projects that are currently under construction in the UAE.

Following a successful year in 2008 when it declared a record AED 32.4 million in sales revenues, the company is now acting upon its strategy to boost production capacity by as much as 50 per cent, in line with its aims to secure AED 60 million in revenues for 2009. Amidst the continuous demand for more eco-friendly projects to be completed in the UAE, RWI is catering to a continuously growing market for its eco-friendly products. In addition to the excellent heat retardant properties, its products also efficiently control condensation drip and reduce heat flow on hot systems, and are manufactured without the use of harmful chlorofluorocarbons (CFCs) or hydro fluorocarbons (HFCs).

“Our stance on eco-friendly processes is reflected in the quality and overall properties of our products, which has made them the preferred brand for most builders in the UAE,” said Abu Baker Shaikhani, Managing Director, Rubber World Industries, and Chairman of the Memon Group. “As indicated by industry reports, the UAE will witness a steady growth in the building construction market, and this presents us with an outstanding opportunity to further entrench our position as the leading supplier of rubber insulation products in the country.”

RWI products have long since served as vital components of major property developments by leading developers in the UAE. Among the company’s most recently won projects in Dubai include an AED 1.2 million contract for ‘Motor City’ project, an AED 418,000 contract for ‘Traders Hotel’ project, a contract valued at over AED 280,000 for ‘The Villa’ project and a half a million dirham deal for ‘Horizon Tower’ project in Ajman. In addition, RWI also caters to the rubber insulation needs of companies from more than 90 countries, including the US, Germany, Russia, Canada and Singapore.

”We are committed to delivering top quality rubber insulation products by using the best materials available in the market. Our strategy is largely focused on ensuring that our products are of the highest quality and incorporate eco-friendly qualities such as low levels of volatile organic compounds (VOCs) and non-existent formaldehyde content. Our continued investments into research and development are driving the strong grip we have of the rubber insulation market in the UAE, and we are presently exploring more technologies to further enhance the quality of our products,” concluded Shaikhani.