Peikko Gulf's new AED18-million factory takes shape in Ras Al Khaimah
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 in Ras Al Khaimah.
The land leasing agreement for the new plot of 11,500 m2 was signed in October 2017. It is located nearby to Peikko’s current factory and warehouse premises, enabling easy scalability.
The new factory consists of over 3,000 m2 of production and warehousing space as well as 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 US $5-million, with the factory 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,” said Topi Paananen, CEO of Peikko Group Corporation. “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,” he added.