Reliance Industries ties up with Dubai group

Friday, 24 August 2007, 07:00 Hrs
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Ahmedabad: Mukesh Ambani-controlled Reliance Industries has signed a joint venture agreement with the Dubai-based Mammut Group to set up a $110 million facility in Gujarat to make what are called pre-engineered buildings.

The two companies said in a statement that the plant would have a production capacity of 120,000 tonnes a year of pre-engineered steel building.

The new facility will be integrated with a 1.8 million-square-meter pre-cast concrete building facility. It will have a polyurethane sandwich panels line with a capacity to produce 1.2 million square metres per year.

Commercial production is expected to start from 2008.

Pre-engineered buildings are unique products that can be moulded according to need. A computer-assisted design helps create a building for a specific use - service station, retail outlet, manufacturing or office building.

These buildings are made primarily for commercial, industrial or institutional purposes. They feature a structural steel framework of primary and secondary members (rigid frame, beams, purloins and grits, trusses, and columns) on to which cladding and roofing components are attached. The complete building system is pre-engineered to facilitate easy production and assembly on site.

Pre-engineered buildings are also considered a solution to the booming real estate market, which is witnessing frantic construction. They have utility on the auto front as well especially in the components and ancillary industries.

The Mammut Group runs similar state of-the-art facilities in the Gulf region.

"After approaching many major international players of these products for the joint venture, Reliance closed in on the Mammut Group as the best and reliable choice," the statement said.

"The joint venture company has targeted 100 percent capacity utilisation of the facilities from the second year of production, generating revenues of $262 million (Dh965 million) at full capacity," the statement said.
Source: IANS
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