Danube Building Materials records 30 per cent overall growth in FY’09-‘10
Leading manufacturer underlines strength amidst economic challenges
July 04, 2010
Danube Building Materials, the leader in construction, building materials and shop fitting industries, announced that it has achieved 30 per cent overall growth in FY’09-‘10. The excellent results the leading manufacturer has recorded underlines its strength despite the challenges posed by the dwindling market as a result of the recent global financial crisis. In addition to securing significant growth, the company has also undertaken major expansion initiatives, which has expanded its market reach further across the region, as well as to India, one of the world’s fastest-growing economies.
The most recent milestones achieved by Danube in the past fiscal year include the subsequent inauguration of two 'Danube BUILDMART' branches worth AED 15 million each – in Ibn Battuta Mall, Dubai and in Bawadi Mall, Al Ain. Further, the company also unveiled its ‘Danube BUILDMART’ branch in Mumbai, India, located within the city’s well-known Oberoi Mall on June 25, 2010, marking its first international branch outside of the GCC.
“The growth we have seen for FY’09-’10 is a true testament to our strength and resilience, as well as our capacity to meet customer demands, which has evolved significantly due to the unique situation created by the global financial meltdown,” said Rizwan Sajan, Chairman, Danube Building Materials. “This success has been the result of our foresight, strong strategies, and ultimately, the value for money we offer to our customers. In addition to launching new stores, we have also invested in expanding our production capacity, while maintaining unwavering focus on ensuring the quality of all our products.”
Being built as part of its expansion plan in the coming years, the company has invested AED 50 million in a manufacturing facility located in TechnoPark, Dubai, to boost its production volumes and meet the demand as the market approaches full recovery. Spanning 1.3 million square feet, the new facility will be completed in phases and is expected to commence operations by early 2011. As a testament to the overall success of Danube, a certificate for the ‘Dubai Quality Appreciation Programme’ (DQAP) has been awarded to the company in April this year, in recognition of its noteworthy activities and achievements.
About Danube Building Materials FZCO
Established in 1993, Danube Building Materials FZCO provides more than 15,000 products in stock and in-house value added services in all of its 14 showrooms across the UAE. The company operates from its head offices – a 285,000 square foot facility in Jafza north and a 365,000 square feet base in Jafza south, which houses its logistics centre, kiln drying facility, factory and warehouses. From a small trading firm, Danube has grown into one of the largest building materials company in the region, with 18 branches worldwide - 13 in the UAE, 2 in Oman, 1 each in Bahrain, Saudi Arabia and India, in addition to procurement offices in China and Canada. Danube has a team of 1000 people working from strategic locations in across the Emirates, including Jebel Ali, Deira and Abu Dhabi. The company has been and is currently involved in major projects across the UAE, Oman and Bahrain, including Emirates Hills, the Burj Al Arab, Shangri-La Hotel, Grand Hyatt, Motor City, Burj Dubai, Dubai Airport Terminal 3, Yas Island, Reem Island, Saadiyat Island, and Al Raha Beach Hotel, among others.