Aiming to expand its horizons in Middle East, Sika, a multinational Swizz based company engaged in business of specialty chemicals, has commenced a new epoxy resin manufacturing unit in its Dubai facility. The idea behind this new project is to increase company’s production flexibility, reduce inventories, optimize cost structures, and shorten delivery span. Since Sika majorly deals with concreate admixtures, epoxy resins thus make up a prominent part of its flooring solutions.
Epoxy resins are primarily utilized to clinch the flooring of private homes and industrial floor layer to provide resilience towards any kind of chemical or mechanical exposure. In support of the new project, regional manager of the company stated that the new unit of Epoxy Resins in Dubai will enable them to widen their competitive edge and strengthen the foothold in the regional flooring solution market. The company even mentioned that its captive product portfolio will profoundly assist its expansion plans in the Middle East. Although the economy of UAE is facing horrendous challenges due to a pervasive drop in oil prices due to the repercussions caused by Covid-19. Government’s appreciable support and investment in the transport and construction sector poise immense hopes for rapid recovery.
ChemAnalysts predicts that the new production facility in Dubai will reduce the import dependence of Middle East on western countries and will thus enable the region to secure its revenue margins in the coming years.
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Source : ChemAnalyst