Construction Products Holding Company (CPC) has invested Dh100 million ($27.2 million) through its UAE affiliate to buy, modernise and develop the Techno Cast Precast factory in Abu Dhabi.

The move by CPC is part of an ambitious plan by the parent company to establish an integrated industrial complex supplying construction and building products in the UAE.

'The remarkable growth of construction and real estate projects in Abu Dhabi requires large amounts of precast concrete,' said Dr Faysal Alaquil, director, Business Development and official spokesperson of CPC. 'We aim to keep pace with this growth,' he noted.

He said the CPC-UAE would modernise the Abu Dhabi factory's production process with advanced equipment in order to boost its capacity and product quality.

'Production has not yet commenced but production capacity is estimated to reach 100,000 cubic meters per year,' Alaquil explained.

Keeping in view the current acceleration in the UAE construction products market, CPC has allocated an area of 300,000 sq m to establish its industrial complex in Abu Dhabi.

'This new facility will have a precast concrete plant, steel factory, aluminum extrusion factory, glass factory and paint factory. It will also have the required infrastructure for more specialised factories for construction products, which are envisioned in our general strategy,' Alaquil observed.

'CPC is moving as per a clear plan aimed at making it the major regional player in the area of construction products. Through implementing a well-formulated expansion plan since its inception, CPC has achieved steady and remarkable success at every stage of its growth across Saudi Arabia and the region,' he added.-TradeArabia News Service