newsdog Facebook

Wall panel firm targets turnover of Dh3 billion by 2020

Khaleej Times 2016-11-19 20:08:50

RMD Board, a manufacturer of wall panels, is targeting at doubling its turnover, boosting market share and introducing new products. This is in line with the growing demand for environment-friendly and fire-retardant wall panels.

A division of JRD International, RMD is expanding its installation team, focusing on after-sales service and customer follow-up.

RMD is planning products for the external cladding industry which increasingly requires fire-retardant technology. RMD is in advanced stages to launch a line-up of products for the cladding sector, said Anupam Lunavat, managing director.

The company has a turnover of Dh260 million and is eyeing Dh3 billion turnover by 2020.

From its Dh450 million, 40,000 sq m manufacturing plant in Dubai, the company rolls out environment-friendly decorative wall panels. Since commissioning its first manufacturing plant in 2012, the firm has been expanding production capacity.

It has ambitious Dh1.5 billion investment plans for 70 polypropylene manufacturing lines in seven countries. The company aims to reach global production of half a million metric tonnes per annum by 2016.

RMD Board has set its sights on opening plants in India, China, Turkey, Russia, Brazil and the US - in seven years.

Brand ambassador and Bollywood actor Hrithik Roshan will appear at RMD's pavilion at The Big 5 in Dubai on November 21.

Sagar Verma, president of RMD division, JRD International, said its diversified product range is water-proof, termite-resistant, certified fire-retardant, durable, light-weight and 100 per cent recyclable.

According to industry figures, the wall panelling market in the GCC is projected to reach $36.6 billion by 2022. Saudi Arabia is the biggest market, followed by the UAE, together accounting for more than 60 per cent of the regional wall panelling market.