Sharjah-based diversified holding company Gadoya Holdings, has opened a new AED 60 million (US$ 16m) manufacturing facility and corporate office in Sharjah Industrial Area. The Gadoya Holdings group currently employs a workforce of over 900 employees across 14 business verticals including engineeging, electricals, medical, plastics, real estate, travel and tourism, and sports and fitness.
The new 120,000 square foot site is Godoya’s second major production facility in Sharjah and it will serve three of the group’s business verticals: Gama Electrical Trading, Gama Engineering and Sabin Plastic Industries. According to the company, the new manufacturing facility in Sharjah Industrial Area will have a production and storage capacity of more than AED 300 million (US$ 82m).
The new facility is expected to complement Godoya Holding’s existing plastics extrusion plant in Sharjah Airport Free Zone (SAIF Zone), helping the company increase production and storage capacity to AED 500 million (US$ 137m) over the next 12 months. According Godoya, the SAIF Zone plant is the first and only plastics extrusion facility producing polycarbonate and extruded acrylic sheets in the UAE, manufacturing 400 metric tonnes of product per month.
The group’s plastics subsidiary, Sabin Plastic Industries LLC is an ISO 9001:2008 and TUV certified manufacturer of industrial plastics with its own injection moulding factory. It manufactures and supplies over 400 types of plastic components.
According to the Gulf Petrochemicals and Chemicals Association (GPCA), the region’s plastics conversion industry is expected to grow to 7.5 million tonnes in capacity by the year 2020. The UAE currently has the second largest plastic converter production in the GCC, after Saudi Arabia accounting for 19% of GCC production. Sharjah has proved popular with plastics firms, with a growing number of plastics manufacturers locating in Hamriyah Free Zone, SAIF Zone and in Sharjah Industrial Areas.
Source: Gadoya Holdings