Having only a five year presence in the wider Gulf Area, ALUMIL is now ranked among the first places within top construction groups' short list.
Turnover boost led to the establishment of subsidiary ALUMIL GULF (1Q 2007), in order to optimize sales management in the wider area. Group products are now housed in the ascending Ras Al Khayman emirate (40 minutes from Dubai by car), in a 1,500 m2 warehouses, to minimize delivery time and improve services. Sales in the wider Gulf Area is expected to surpass ? 13.5 m. based on signed contracts.
Alumil thermal-brake profile systems - products with highest earnings margins - consist ALUMIL spear-head in the wider area, mainly due to the overall tendency for environmentally-friendly, green buildings, for energy saving, better working and living environment.
Strategic cornerstones in the Middle-East are:
- Support and further grow strategic partnerships, with aluminium groups active in the Gulf Co-operative Council (GCC) network countries.
- Raise liaisons with numerous construction groups so as to double the existing network within 2007, for projects certified by Alumil.
- Support and further penetrate into large Groups and land developers, under through cooperation or joint ventures for aluminium profile production locally.
- Support large Hellenic (Greek) construction Groups, active or to be active in the wider area.
The Group is now the undisputed leader in the area, certified the majority - more than 55 indicative projects - of the most prestigious, landmark projects in the wider area:
- Desert Palm, Awir Polo Club, Spinneys Marina, Dubai Marina, Refurbishment of Hyatt Regency Hotel, Jet Aviation, Nestle H.Q Show Room & Office, Ikea Hyper Market, Atrium Building, Dubai Maritime City, Dubai Emirate, and
- University of Bahrain, Mercedez Benz Showroom in Bahrain,
- Kempinski Dead Seain in Jordan, e.t.c.
Group anticipates consequently to boost aluminium profile and accessories sales during the next three years through ALUMIL GULF.
An impressive project is the recent undertaking of the majority of Durrat Al Bahrain villas. It is about constructing up to 1.300 luxury villas, in the artificial islands complex of Durrat Al Bahrain (please see photos). The project was initially prescribed for ALUMIL largest competitor.
In addition, another significant success is the Al Barari Villas in Dubai, comprised of 306 super-luxurious villas, 900 m2 each, with sale prices ranging around 1.5 million pounds. For this project, Alumil systems were chosen once again, due to increased specifications and competitive pricing policy. It is noted that Al Naboodah' (basic project's contractor) executives participate actively in the Organisation for the development of "green" buildings in the United Arab Emirates; Al Barari success consists a benchmark towards driving construction trends for "green" and more environmentally-friendly buildings.
ALUMIL is ranked among the largest aluminium extrusion and profiles production private European group (No 1 in Greece since 2000) establishing production sites, large sales networks and warehouses for products targeting architectural & industrial use, shipbuilding, transportation, etc. With 25 subsidiaries, 19 of which are spread throughout Europe, Africa and the Middle East, ALUMIL offers production sites in four Hellenic industrial areas, Romania, Bulgaria, Serbia, Bosnia and Albania. ALUMIL has successfully infiltrated into 45 markets in Europe, the Balkans, the M. East and in the U.S.A. A significant competitive advantage remains its widespread sales network in Greece and in every client-country. Parent company was founded in 1988 and since 1998 is listed in the Athens Stock Exchange. Included seven times in GrowthPlus' Europe's 500, ALUMIL Group sales surpassed ? 243 m. in 2006, while EBITDA exceeded ? 39.5 m.