DUBAI, India (June 4, 2008) — Rubber World Industries L.L.C. said it has invested $8.2 million in the construction of a Gulf-O-flex-brand closed-cell rubber insulation plant.
The facility is expected to triple production capacity within five years to meet demand for rubber insulation products in the growing construction market in the Middle East and Southeast Asia. The firm estimates the demand for rubber products in the region will grow by 4 percent annually by 2011.
The new plant will have 14 production lines to fabricate rubber insulation products in more than 300 sizes, according to Abu Baker Shaikhani, managing director of Rubber World Industries.