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ASIP SIGNS CONTRACT FOR EUROPEAN GLASS-MAKING EQUIPMENT

Abu Dhabi.- Ali & Sons has moved a step closer to becoming major glass manufacturers in the UAE...
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ASIP, AL QUDRA PLACE ORDER FOR LIGHT BLOCK FACTORY EQUIPMENT

Abu Dhabi.- Ali & Sons is branching out into the manufacture of AAC light weight concrete blocks...
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P.O. Box 915, Abu Dhabi, U.A.E
Phone: +971-2-6723900
Fax: +971-2-6722676
Email: Info@ali-sons.com

Spectrum Light Block Factory:
Phone: +971-2-5500702
Fax: +971-2-5500703

Spectrum Glass Factory:
Phone: +971-2-5501650
Fax: +971-2-5501656

Press Release

ASIP SIGNS CONTRACT FOR EUROPEAN GLASS-MAKING EQUIPMENT

Abu Dhabi.- Ali & Sons has moved a step closer to becoming major glass manufacturers in the UAE by signing a contract with leading European manufacturers for equipment for a new factory in Abu Dhabi.

A new company, Spectrum Glass LLC, has been formed as a subsidiary of Ali & Sons Industrial Project (ASIP), to operate the factory that will be built in the Musaffah industrial area of Abu Dhabi.

“This is yet another exciting step forward for our company,” says ASIP Managing Director Mr Shames Al Dhahry. “Modern high rise construction techniques require huge quantities of glass and there seems to be no end to the number of new projects being announced in the UAE.” The factory is due for completion in early 2008 and will employ approximately 90 people.

Total production capacity is expected to be 650,000m2 a year, of which 75 per cent will be double glazing. Materials to be used by the factory will be sourced from the Middle East, Asia and Europe.

This follows an announcement earlier this week that ASIP is also building an AAC block factory alongside the glass factory.

The block factory is a joint venture with Al Qudra Holding and will employ 65 people when completed in October next year.

“Both factories are logical next step investments for ASIP,” Mr Al Dhahry says. “They will both produce basic but high quality products that are in keen demand, and we anticipate we will have no difficulty in selling the total output from both factories.”

ASIP is a 100 per cent subsidiary of Ali & Sons, a major Abu Dhabi conglomerate established by the Al Dhahry family in 1979 to provide quality services to the oil and gas industry. It has since grown to be a highly diversified business covering 10 different sectors and 19 subsidiaries.

Best known for its Porsche, Audi and Volkswagen agencies, Ali & Sons also has interests in contracting, oil and gas, industrial, wholesale, media services, retailing, information technology, merchant banking and real estate. It also has investments in Bahrain, Egypt, Lebanon, Syria and London.

It is a major contributor to the UAE economy and directly employs hundreds of people.

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