The company plans to double its annual turnover to AED 300m next year, with the opening of its state-of-the-art facility at DIP-2 DUBAI-December 14, 2014: Finetools, leading provider of hardware and machinery to the construction sector in the UAE, announced the official launch of its state-of-the-art Zonal Headquarters in Dubai Investments Park (DIP) in Jebel Ali, Dubai. The DIP is the largest mixed-use development in the UAE. Finetools is the parent company of the popular hardware and tools brand Uken, and a leader in industrial power tools, machines, construction equipment, hardware, safety devices and accessories. The company is an authorized dealer for world-renowned hardware brands like Dewalt, Makita, ESAB, Hitachi, and 3M, to name a few. The zonal headquarters of Finetools, located at DIP-2, will be opened on December 16, 2014. The facility is fully operational with warehouse facilities for storage and an efficient logistics network to streamline the process of delivering quality products throughout the region. Commenting on the opening of the facility, Mr. VK Shamsudheen, Managing Director of Finetools, said, “We are extremely proud to announce the opening of our Zonal Headquarters in DIP, which houses a total of 3,500 companies across a wide array of sectors. We hope the facility will help us continue and enhance the delivery of the best quality standards on time in our core business areas of industrial power tools and construction equipment.” “When the construction of the Zonal Headquarters commenced, we envisioned the project as a significant milestone in the company's continuing mission to develop its infrastructure. This would help us accelerate our growth and make innovation in hardware easily available to both individual end-users and construction companies alike,” he added. Speaking on the company’s growth, Mr. VK Abdul Salam, Director of Finetools, said, “We currently have an annual turnover of over AED 150 million. With the opening of the new integrated facility at DIP, our strategy is to double the annual turnover to AED 300 million in the next year. We will expand our infrastructure further in order to cater to more customers across the GCC market.” “We have upgraded our facilities recently as part of our aggressive expansion plans. The positive impact of the Expo 2020 is already visible in the market. Being a leading company catering to the industrial and construction sectors, we are confident about our capability to serve the market in this line, and accelerate our growth in the coming years,” he added. Elaborating on the new facility, Mr. VK Abdul Gafoor, Director of Finetools, said, “Our Zonal Headquarters at DIP-2 will provide a fresh approach to our business. This will set an example from the forefront of sustainable operations, benefitting our customers as DIP is well-connected locally and internationally. Our mission is to become the leading company in the field of construction materials, power tools, industrial machinery, safety equipment, and a range of other industrial products.” The Uken brand under Finetools has already gained popularity among the end-users and skilled construction professionals in the region. Finetools also serves as the authorised dealer for companies like Rothen, Berger, Fischer, Starett, Stanley, Weicon and Cooper Weld, to name a few. The Zonal Headquarters of Finetools will be officially inaugurated on Tuesday in the presence of senior DIP officials, and other officials from ESAB, Makita Gulf, Stanley Black & Decker, and Hitachi Koki. DIP is one of the largest integrated commercial, industrial and residential developments in the Middle East region. The premier residential and business destination redefines the concept of living and working, making it a one-of-a-kind development in Dubai. DIP plays a pivotal role in the UAE’s industrial and manufacturing boom for nearly two decades.
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