Company unveils five new coatings, with plans to
unveil low thermal transmission glass products
Dubai, May 9, 2017: Emirates Glass LLC, a subsidiary of Dubai Investments PJSC and one of the largest processors of flat architectural glass in the region, has announced that it has achieved strong results in 2016 compared to 2015 with profits exceeding all previous records, reinforcing its growing reputation and market share in the region.
Emirates Glass also announced that it currently has projects worth AED 110 million on hand, and is executing more than AED 60 million worth of contracts in GCC countries alone.
As a step to achieve the projected growth trajectory, Emirates Glass has announced the launch of five new coatings, including Emicool Superlite Temperable High Performance Coatings, with plans to unveil super low thermal transmission glass products as well as a new insulating glass manufacturing facility in the Gulf. This is part of Emirates Glass’ commitment to produce high performance, eco-friendly glass which significantly reduce energy costs in installations.
Rizwanulla Khan, Executive President at Emirates Glass, said: “Emirates Glass is on the verge of a major growth curve and the significant sales surge is testimony to this. The increased number of contracts, the enhanced product variety without compromising on the quality on offer at Emirates Glass speak volumes of its world-class production and delivery capabilities. The company is aiming to expand its market share, both in the UAE and the region as also the export markets, with its diversified product portfolio for various applications.”
He added: “The eco-friendly glass of Emirates Glass offer multifunctional benefits – offering low thermal transmission and low emissivity, keeping out direct solar heat gain and maximising visible light transmission, leading to overall enhanced energy savings. Emirates Glass offers products which are sustainable and adhere to green building principles. With such quality products, Emirates Glass is aggressively aiming at increased market share in existing and new geographies.”
With the new coatings on offer at Emirates Glass, the company’s customers in the glass insulation business can now procure the coated glass in stock sizes for processing, which significantly cut down on the overall turnaround time.
Glass is an inherent part of the construction industry in the region, and with over $2.8 trillion forecast to be spent on construction in the GCC countries, there is huge demand for cut-to-size, sustainable, post-temperable coated glass products to be used for both commercial and residential projects.
About Dubai Investments PJSC:
Dubai Investments PJSC is a leading investment company listed on the Dubai Financial Market with over 19,800 shareholders and a paid-up capital of AED 4 billion. Incorporated in 1995, the company has grown exponentially with investments in a number of businesses across three core sectors – real estate, manufacturing & industrial and financial investments across the UAE and the Middle East.
Since inception, Dubai Investments has challenged the norms and introduced cutting-edge technologies, pioneering business models, unique investment strategies and innovative concepts across its diversified portfolio spanning different sectors and markets across the globe. Dubai Investments currently has over 40 subsidiaries & joint ventures under its portfolio, across a wide array of industries and continues to seek new investment opportunities in new sectors, locally and internationally, as part of its strategic expansion plans.