07 APRIL 2017AlCircle.com
TALEX announces its expansion plan in Australia
Edited by : Beethika Biswas
2 min read
<p>UAE-based Taweelah Aluminium Extrusion Company (TALEX), a joint venture between Abu Dhabi’s SENAAT and Gulf Extrusions has announced its expansion plan in the city of Melbourne in Australian with an initial investment of AU$500,000 with a plan to increase it to $40 million over eight years.</p>
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<p>The expansion has been planned to leverage on the “substantial opportunity” to promote the company’s exclusive hard alloys, designed for high-end engineering applications and supply the market directly through local warehouses and distribution network. TALEX has plans to invest in key local industries like major building systems suppliers for residential projects, big fabricators, wholesalers and engineering application sectors through the project.</p>
<p>The company will start with a commercial office in Melbourne, followed by warehousing and logistics services, creating more than 80 local jobs directly and indirectly.</p>
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<p>“The establishment of multiple warehousing and logistics services, in multiple locations around the country will increase TALEX’s proximity to local markets and enable us to better serve our Australian customers by providing them with shorter delivery times and faster access to available stock,” said Stylianos Tsoktoridis, general manager at TALEX.</p>
<p>TALEX chose Australia as a key market because of its stability and growing demand for aluminium extrusions. The Middle East’s most advanced aluminium extrusion plant is also considering expansion into the Americas, Europe and India in near future.</p>
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