Al Rashed Peikko LLC’s sales and production unit in the United Arab Emirates, Peikko Gulf LLC, has started building a new factory and warehouse premises on an industrial plot located in Ras Al Khaimah, the UAE. The land leasing agreement for the new plot of 11,500 m2 was signed in October 2017. The growth of Peikko’s operations in the Middle East has been remarkable in the past years and the demand is constantly increasing.
Peikko’s current factory and warehouse premises in Ras al Khaimah are located near the new plot. The new factory consists of over 3,000 m2 of production and warehousing space and includes also modern office facilities. The factory will use the latest technology and automation in order to enhance connection item and DELTABEAM® Slim Floor Structure production capacity, and strengthen manufacturing with an optimal layout for increased operations and possibility for future expansion. The value of the investment is around 4 million EUR. The new factory is estimated to be operational during the first quarter of 2019.
“Operating in the Gulf region from the strategically important location of Ras Al Khaimah has been an excellent choice for Peikko. The new factory will enable large-scale production required for the massive projects in the area, such as Sharjah Waterfront City in the UAE and Ministry of Interior Housing Project in Saudi Arabia. Local presence is crucial in order to fulfil our customers’ tight delivery schedules,” states Topi Paananen, CEO of Peikko Group Corporation.
Topi Paananen, CEO, Peikko Group Corporation, mobile: +358 50 384 3001, email: [email protected]
Radovan Endel, Managing Director, Peikko Gulf LLC, mobile +971 50 279 2215, email: [email protected]
Distribution: Main media, Peikko websites
Peikko Gulf LLC was established in 2008 and is owned by Al Rashed Peikko LLC. Al Rashed Peikko LLC is a joint venture between Peikko Group Corporation and Rashed Abdul Rahman Al Rashed & Sons Group, the leading investment, trading and industrial conglomerate in Saudi Arabia.
Peikko Group in brief:
Peikko Group Corporation is a leading global supplier of slim floor structures and connection technology for precast and cast-in-situ applications. Peikko’s innovative solutions offer a faster, safer, and more efficient way to design and build. Peikko has subsidiaries in 30 countries in Asia-Pacific, Europe, the Middle East, and North America, with certified manufacturing operations in 7 countries. Peikko’s turnover in 2017 was EUR 188 million. Peikko is a family-owned and run company that employs over 1,700 professionals. Peikko was founded in 1965 and is headquartered in Lahti, Finland. Further information: www.peikko.com.