UAE: Strong demand for its products in the GCC states has prompted Emirates Extruded Polystyrene (EEP), a subsidiary of Dubai Investments, to announce plans to expand its production capacity within the next two years. The company currently exports to other GCC states and to regions beyond including India, Southeast Asia and Africa.
The upgrade will increase total capacity to approximately 2.4Mm2/yr and enable EEP to meet the 'burgeoning demand' in the export market for its unique extruded polystyrene sheets. The company has witnessed a phenomenal surge in demand amidst the ongoing construction activity in the UAE and other GCC markets, making its current production of around 1.2Mm2/yr of extruded polystyrene sheets quite inadequate to take care of future requirements.
EEP currently utilises 80% of its capacity and will have to step up production to catch up with demand. The additional capacity will come from a new production line that will cater to the predicted surge in demand for insulation materials once the Expo 2020 projects are activated in the next two years. The new line will be set up at EEP's 6235m2 plot in Dubai Investments Park.
Thanks to a UAE Federal Law that enforces the use of energy-saving and environment-friendly building materials in the construction industry, it has become mandatory for many companies to use extruded polystyrene sheets for the insulation of roofs, walls and foundations.
