Sharjah-based Trend Industries has announced plans to invest $6.8 million (AED25 million) in the construction of a new production facility in the Hamriyah Free Zone (HFZ).
Trend Industries, a world-class company and front-runner organization partnering with clients in the field of specialized fabrication, has signed an agreement with Hamriyah Free Zone to lease a 323,000-square-foot plot for the construction of the plant.
According to the company’s new expansion strategy, Trend Industries will scale up its production capacity from 3,600 tons per year to 8,400 tons per year, which will further strengthen Sharjah’s position as a global leader in steel fabrication.
Accompanied by several HFZA officials, Mr. Saud Salim Al Mazrouei, Director of the Hamriyah Free Zone Authority toured Trend Industries’ existing facility, which offers a comprehensive suite of fabrication and manufacturing services that include a complete portfolio of managed solutions.
Saud Salim Al Mazrouei Director – HFZA
“HFZA would continue to promote investments in heavy industries, including steel fabrication, by offering a welcoming business environment and cutting-edge infrastructure that perfectly suits these industries and meets their needs. More businesses are either growing in the free zone or basing their operations there. This is due to the effectiveness of our sophisticated systems, which guarantee the flow of raw materials regularly and enable manufacturing facilities to run at full capacity, as well as the integrated logistical services that we provide, linking manufacturers with more than 3.5 billion customers around the world.”
Mr. Neeraj K Sharma, CEO of Trend Industries, said that HFZA has significantly supported the company in accelerating its growth and achieving its vision of becoming a leading manufacturing company in the Middle East by expanding 3M’s (Men, Material, and Machinery).
“Through the new facility, we look forward to expanding our customer base, accessing new markets in Africa, the USA, Europe, and India, and branching out into new sectors such as automobiles, the oil and gas industry, in addition to the industries we are currently specializing in, such as construction and manufacturing industry,” Mr. Sharma added.
Thank you very much for choosing GCC Business News to be an important part of your professional life. You will receive a confirmation e-mail. Please check SPAM or UPDATES folder
