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Wednesday, August 10, 2022

Dubai rubber firm eyes 15pc growth

International Rubber Company [IRC], a subsidiary of Masharie, the private equity arm of Dubai Investments and a leading manufacturer of synthetic rubber profilest, is targeting 15 per cent year-on-year sales growth, riding on the demand for top-quality rubber insulation products in the region.

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 emphasizing on penetrating 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. Our total sales are expected to grow by over 15 per cent this year, which further reinforces our reputation as the most trusted manufacturer of synthetic polymer and rubber products in the Middle East,” said Urfi Kidwai, general manager.

“We invest heavily in the latest technology and production techniques, which allow us to develop highly advanced products that meet diverse customer requirements,” he added.

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 sealents 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.

TradeArabia News Service

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