Al Furat to set up AED 20 million auto body building unit
DUBAI – March 25, 2018: Al Furat Refrigeration and Thermal Insulation Industry, leading industrial refrigeration specialist in the UAE, has announced setting up of a massive auto body building unit at an initial investment of AED 20 million in Umm al-Quwain.
Al Furat is has emerged as a leading service provider in the UAE and beyond with over 35 per cent of the market share in its segment.
The group is developing the new unit as part of the business diversification of the thirty-year-old company, said the company officials. This new unit will build bodies for a wide range of vehicles including trailers, semi-trailers, curtain side semi-trailers, low bed trailers, municipal utility equipment and tipping bodies.
Commenting on the new facility, Mr. KC Varughese, Founder and CEO of Al Furat Group, said, “Our success stories are fundamentally connected to our qualified team, and willingness to accept new challenges in the form of diversification as well as taking the road less travelled. One of our main objectives is to make growing contributions to the economy of the nation.”
Mr. Pribu John, Director of Al Furat Group, said, “The unit will span over a space of 120,000 square feet initially, and another 120,000 square feet of space will be added in the second phase depending on the demand.”
“The initial product capacity of the unit will be to deliver a minimum of 10 trailers per month and other modified commercial heavy vehicles like garbage and dump trucks in line with the market demands. The first phase of the project will be functional by mid of May this year, and the factory will be functioning in full swing by the end of the second quarter of 2019,” he added.
Ms. Teeja Pribu John, Group Administrator of Al Furat, said, “We are confident in the success of the new venture, especially with Expo 2020 just around the corner.”
The Umm al-Quwain headquartered Al Furat Refrigeration and Thermal Insulation Industry was established in 1988 to cater to the growing demands of industrial refrigeration services in the UAE.