Dubai PR Network, Online Press Release from Dubai and Middle East
 
Money, Business & Investments(Banking & Investments)
Filter PR by
  
Intermetal invests Dhs75 million in office furniture business
 

Diversification spurred by growth of new office districts across GCC

Dubai, UAE,  May 20th, 2013:Global furniture solutions leader Intermetal, a Group Harwal Company, has invested AED75 million to establish a new factory in Dubai. The state-of-the-art facility in Dubai Investment Park will design and manufacture office and institutional furniture solutions.

Over the past 23 years, Intermetal has become a formidable name in the UAE's hospitality industry, commanding over 80% share of the banquet and outdoor furniture market. In the education sector, the company has become the manufacturer and supplier of choice for private and governmental schools in the country. Intermetal is a leader in the design and manufacture of furniture solutions with products made in the UAE.

Bedros Bambokian, Executive Director of Group Harwal, described the milestone as a further example of the company's commitment to invest in the region's economy. 'Intermetal has embarked on an ambitious growth strategy across the GCC region.The rapid growth of office districts in the GCC and Africa region has encouraged us to diversify into the office furniture business. With an increasing number of international players moving their operations to the UAE, Intermetal is well-poised to meet the demands for all types of office environments,' Bambokian said.

As part of its investment, Intermetal has set up a 300,000 square foot factory fully equipped with advanced manufacturing capabilities including CNC bending and routing machines, robotized welding, powder coating and chrome plating lines, upholstery and woodworking. Branded IM Office, the full collection of office furniture spans executive desks, office desks, workstations, partitioning systems, conference furniture, meeting and training room furniture, computer tables as well as a wide range of ergonomic chairs.

'This was a major investment for us at a time when many companies were cutting back. The launch of our new furniture range reinforces our leadership position in the competitive furniture business. By manufacturing our products in UAE, we are able to control the quality and respond quickly and more effectively to the needs of our regional customers', Bambokian added.

The setting up of the new facility will help Intermetal service the growing number of business and office districts in the UAE and across the GCC, he said.


Posted by : Dubai PR Network Editorial Team
Viewed 14567 times
PR Category : Banking & Investments
Posted on : Monday, May 20, 2013  3:27:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Deloitte: Saudi Arabia leads equity issuances with listings ...
Next Story : Freedom is key to sustainable business
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Inventive, Futuristic and Daring Translucent is a Distinguished Milestone for Police. [9309-Views]
Tazio Nuvolari Vanderbilt Cup [6533-Views]
Scafograf Black Sheep - unconventionally exceptional [6149-Views]
Same Favourite Fragrance, New Innovative Products From the Ritual of Karma [5392-Views]
Dubai Delivers on Tourist Volumes Again, With a Strong 8.36 Million Overnight Visitors in ... [5392-Views]
The Nordic Hall of the Heros is Open for Business - Aston Martin Valkyrie and Valhalla Tak... [5191-Views]
Aesop's Parsley Seed Skin Priming Regimen [5112-Views]
Kachins Couture 5 Ways to Personalise Your Suit Style [4734-Views]
Autumn / Winter 2019-20 Men's and Women's Sneakers Collection [4599-Views]
Exceptional Playtime with Soundcore Vortex [4453-Views]
Second Week of “Health & Tourism 2019” Campaign Witnesses Remarkable Participation in its ... [4142-Views]
Discovery Powers Mobile Malaria Research [3660-Views]
STYLE SET FREE – Hyundai Motor's vision for future mobility [3544-Views]
Dubai Tourism Partners With Ary to Invite Audiences to Discover the Emirate With Their Fav... [3514-Views]
Business Lunch With an African Twist [3422-Views]
G-SHOCK GA-2000 with Carbon Core Guard Complements New Urban Outdoor Lifestyle' [3410-Views]
Sheikh Mohammed bin Rashid Centre for Islamic Culture launches a comprehensive events prog... [3367-Views]
Epson announces its first 24-inch dye sublimation printer, the SureColor SC-F500 [3337-Views]
Desigual's Fall/ Winter 2019 Collection [3331-Views]
Indian Film Actress Tamannaah Bhatia inaugurated 26th showroom of Malabar Gold & Diamonds ... [3312-Views]
CH Carolina Herrera: Fall/Winter Chapter 2 - Initials Insignia [3239-Views]
Unit 3 Transformers Energized at Barakah Nuclear Energy Plant [3221-Views]
Ikea 2020 Catalogue Launches With a Fresh Start [3148-Views]
GUESS – The Red and Black Trend [2983-Views]
Purificacion Garcia Introduces the Women's FW19 Collection'' [2916-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories