Growth in Manufacturing pushes SIMCO to expand in to Oman and Kuwait as it boosts participation at Dubai WoodShow
Date: Dubai, UAE, February 25, 2018
1. SIMCO to set up operations in Oman and Kuwait due to strong demand for manufacturing and woodworking machineries
2. SIMCO grows from strength to strength with turnover exceeding Euro 100 million
3. EMEA woodworking machine market exceeds Dh7.7 billion
4. Global woodworking market growth forecast to reach Dh16 billion and at a CAGR of around 3% in 2021, by Technavio Research
SIMCO Industrial Machinery, a UAE-based pioneer aluminium, woodworking and steel machinery importer, exporter and supplier, will expand operations into Oman and Kuwait as part of its Gulf-wide expansion that will help the company support the growth of the region’s manufacturing industries.
“SIMCO currently operates three branches in Saudi Arabia, Qatar and Iraq and we are planning to expand in coming years by opening branches in Oman and Kuwait,” Eng. Raed Zuhier Damrah, Manager of Wood Division of SIMCO Industrial Machines Trd. Co. LLC, says.
“The manufacturing sector is aggressively booming year after year. We have seen massive growth in our industry and by year 2020 we have great expectations from this market. The advantage of being with SIMCO is that we are financially strong enough to undergo any face growth.”
SIMCO, a company that celebrates its silver jubilee this year, will unveil new technologies-enabled and high-performance machineries that will boost industrial output in the UAE and GCC – at the Dubai WoodShow 2018 that takes place from March 12-14 2018, in conjunction with Dubai International Furniture Accessories, Components and Semi-Finished Products Show (DIFAC) 2018 at Dubai World Trade Centre, Dubai, UAE.
Participation in international industry events – such as Dubai WoodShow – is part of company’s expansion plans to go global. SIMCO is considered a pioneer in UAE’s aluminium, woodworking, sheet metal, steel fabrication machinery market with major projects under its belt. Business success is due to Simco’s in-depth knowledge and track-record of handling complex projects.
“During Dubai WoodShow, we are exhibiting all our latest machineries which are useful for the industrial growth with latest innovations and upgradations. The intention for this participation is to accept the challenges of our customer’s demand and to provide them the solution to their demand being as a consultant and machine supplier,” Raed Zuhier said.
“SIMCO is a multinational company and our core business is industrial machine trading import and export throughout GCC, MENA Region, Asia and Africa continents. We generally import the machines from various countries from our suppliers and we do the marketing for their products and find potential customers to sell it locally and internationally. Being a giant company, we have our own maintenance team to take care of our customers as after sales services.”
Increased crude oil price that is touching US$70 a barrel, will help the GCC economy that in turn will also help the Dh.7.7 billion woodworking machinery market in Europe, Middle East and African countries and Simco’s new machine tools will help boost the industry capacity to meet growing demand.
Mr. Dawood Al Shezawi, CEO of Dubai WoodShow committee, commented: “SIMCO has been our major partner since we started the show. We are delighted to see Simco using our industry platform for their growth. We are committed to support the wood and related industries through our ever-expanding shows and conferences. In line with the futuristic vision of UAE rulers, we believe we grow together and which is the hallmark of UAE’s bustling economy.”
According to new study conducted by Technavio Research, the global woodworking market to grow steadily at a CAGR of around 3 per cent by 2021. The key growth factor for this market is demand for engineered wood and wooden furniture. The industry experts say that this market is growing because the real estate developers and end-users are giving more importance to the aesthetic look of the buildings.
The huge range of products showcased at the Dubai WoodShow include wood products, woodworking machinery, blades and knives, tools, abrasives, industry solutions, and much more. The show, being highly specialised, provides the perfect opportunity for the regional and international companies to showcase and learn about wood and woodworking and to build new strategic relationships with buyers, traders and investors.
The Dubai WoodShow is one of the biggest events of the industry in the region and across the world. Last year’s edition is witnessing the largest participation, in terms of visitors, exhibitors and the exhibition space. In addition, the organisers anticipate more than 300 exhibitors from over 106 countries to visit the show. The total area of the exhibition is 17,388 square meters, offering exhibiting the companies a chance to display their products and offerings in a vast setting.
About Dubai WoodShow
Dubai WoodShow, since its inception in 2006, has grown to become the only dedicated trade show in the Middle East for the wood and woodworking machinery industry. It is a convergence point for manufacturers, traders, suppliers, machinery companies and end-users in the wood industry chain.
The vast range of products showcased at the Dubai WoodShow include wood products, woodworking machinery, blades and knives, tools, abrasives, industry solutions, and much more. The show, being highly specialized, provides the perfect opportunity for the regional and international companies to showcase and learn about wood and woodworking and to build new strategic relationships with buyers, traders and investors.
About SIMCO Industrial Machinery
Simco Industrial Machinery, established in 1993 in UAE, is considered the pioneer in the field of aluminium, woodworking, sheet metal, steel fabrication machinery in UAE and in the Middle East.
Simco has successfully catered to a major part of the aluminium industry, a fact which has been testified by its clients. Since then, Simco continued to march ahead in major projects with its innovative solutions.
Today, Simco is a force to reckon with in-depth experience of project management for making production lines from scratch to a state-of-the-art factory. Simco is a one stop-shop for all requirements for Industrial Machinery.
Simco guarantees round-the-clock client service to listen to customer with the most modern technology to keep manufacturing facilities up-to-date. “SIMCO” Brings the World Latest Industrial Technology at the door-step.