Talex mulls extrusion plant

15 December 2011: Taweelah Extrusion Company (Talex) is setting up an extrusion products plant at Abu Dhabi's new industrial zone with an investment outlay of $200 million (approx Rs.1,079 crore), as the oil-rich emirate works to diversify its economy.

Talex, a JV between state-owned Abu Dhabi Basic Industries Corp and privately owned Gulf Extrusions, had signed a long-term lease agreement with the Khalifa Industrial Zone Abu Dhabi (Kizad). The plant will receive aluminium in molten form from Emirates Aluminium (Emal), another tenant of the zone. Some 30 companies have signed agreements to establish themselves at Kizad with nearly 100 more awaiting approvals.

Source: Trade Arabia