The Incredible Mulk

“It made us realise that we should be in industries beyond construction,” he adds.

The new companies have largely come about through contacts or opportunities that have come his way, such as the power stations he acquired in India.

“I had the cash available — there’s also the mentality of only keeping so much cash in one country. The power industry is something that’s going to be very sustainable,” he says.

Mulk Holdings, through its energy arm Mulk Renewable Energy, also has a 10-megawatt solar power station in Bangalore.

“It made us realise that we should be in industries beyond construction,” he adds.

The new companies have largely come about through contacts or opportunities that have come his way, such as the power stations he acquired in India.

“I had the cash available — there’s also the mentality of only keeping so much cash in one country. The power industry is something that’s going to be very sustainable,” he says.

Mulk Holdings, through its energy arm Mulk Renewable Energy, also has a 10-megawatt solar power station in Bangalore.

A US scientist invented an aluminium film to replace mirrors — the source of solar technology — and he approached Alubond to come up with a method of installing the film on one of their products.

“We worked together trying to develop a mirror for the solar industry, and after a lot of R&D, we were successful and we patented that mirror and bought the rights to his technology,” says Mulk. “We have an Alubond solar mirror — it’s a composite alumiunim that can replace glass commercially as a solar mirror. Now Mulk Renewable Energy has the capability to design, manufacture and installation of a solar field,” he adds.

In order to make the aluminium composite panels, Mulk requires somewhere in the region of 150 to 200 tonnes a day of plastic for his plants around the world.

“It’s a huge animal by itself,” he remarks. “We buy 100 percent of at least six or eight plastic recycling industries here, producing exclusively for us. We have our own manufacturing as well, and we have reached a capacity of 50 tonnes a day.” Production at the Mulk Holdings’ plants in Ajman and Oman is down to the work of his son Adnan, who has increased productivity by a multiple of 25.


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