Eurocon Building Industry receives top exporters Award from Ajman Chamber of Commerce.

Fraser Brown

Eurocon Building Industry receives the top honors of best exporting company award in Ajman from The Chambers Of Commerce and Industry in a glittering and impressive annual function at the Kempensiki Hotel. Under the patronage of His Highness, Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman presented the award to Mr. Nawab Shaji ul Mulk Chairman of Mulk Holdings, in the presence of His Excellency Obaid Ali Al Mehairi, Chairman of Ajman Chamber of Commerce. The annual award dinner was hosted by Chambers of Commerce, attended by the members and large number businessmen. This award is a testimony of the continuous growth of the Mulk Holdings companies and its outstanding business performance during 2009 even during times of economic down turn.

Group Sales continues to increase in 2010, the Q1 results are showing an impressive growth of over 55% as compared to same period last year. This remarkable growth is attributing to effective sales management, timely delivery of the product, customer care program and systemic team work.

The core product Alubond, the producer of Aluminum Composite Panels, has registered a growth of 49% in sales. “Our focus is to improve our market share in all the critically important markets by supporting our customers and our partners in business. We will be expanding the business in other emerging markets.” states Mr. Shaji Ul Mulk, Chairman of Mulk Holdings. The aggressive sales effort in various territories will help the group to maintain its current progress.

Mulk Holdings is investing in increasing the production facility to maintain its position as the largest manufacturer of ACP in world. Now Alubond is supplied to over 80 countries. This makes UAE a major player ACP producer worldwide. Alubond, with a combined production capability of over eleven million square meters per annum, has production units established in regions all around the world this includes U.S.A, based in Rockford ILL, the brand and license owner of Alubond U.S.A., in Europe with a production capacity of two million square meters per annum. India, a joint venture with DACS Systems, which will be installing two production lines for producing Alubond’s aluminum composite panels and three production units in the U.A.E, the production base of aluminum composite panels, based in Hamriyah Freezone in Sharjah and Ajman Freezone has a production capacity of 7 million square meters of aluminum composite panels and over 10,000 tons of aluminum coils.

The other companies in the group are; Mulk Renewable Energy-MRE, the number one producer of Solar Thermal. MRE received its accreditation and certification of the technology by the prestigious IIT Bombay confirming the MRE position as the market leader in the region for Solar Energy. Eurocon Metals, the turn key ACP and Glass Supply and fix Fabricator, has grown the business significantly this year. GHT, the telemedicine service provider, sales revenues has grown over 300% in Q1 of this year. GHT is providing the state of art medical technology to the hospital and other health care units.

As a part of a well planned implementation strategy, the Group is investing its diversification efforts. The JV with Mulk City Interiors, a major Joinery company that has a mass production capacity to produce fire and non fire Rated Doors, Kitchen cabinets, wall panels and up market furnishings, is in full swing. The key factors to these successes are the company vision and the detailed Business Plan for 2010 and beyond. This is implemented by a highly motivated and committed team that delivers quality results. This is an outstanding team work with each department supporting the other