Officials announcing the joint venture

Officials announcing the joint venture

Mulk JV launches exterior facade brand in US

Mulk Holdings International has production facilities and operations in Asia, Europe, Africa and the Middle East with a sales network of more than 100 countries

01 September 2021

Mulk Holdings International, a UAE-based diversified multinational business conglomerate, has announced that it has joined hands with Park International Investments, a global investment company and Dubai real estate group Silver Heights Real Estate to launch the Alubond brand of metal composites, interior and exterior design and fit-outs and aluminium coatings in the US.

The joint venture will focus on the manufacture and supply of exterior façade materials like Alubond brand of aluminium composite panels (ACPs), glass and aluminium facade elements, solid surface and roofing shingles.

Alubond USA has already secured supply contracts worth over $100 million involving five mega projects in different parts of the country.

Chairman Nawab Shaji Ul Mulk said: “We are very excited to announce this important partnership with Park International Investments and Silver Height Real Estate. Together we are going to explore major project development and construction activities in the US.”

“Already, we have secured more than $100 million worth of supply contracts in the US along with our partners,” he added.

Mulk Holdings International has production facilities and operations in Asia, Europe, Africa and the Middle East with a sales network of more than 100 countries.

“As the global economy recovers following successful vaccination drive worldwide, we at Mulk Holdings International have launched a major global expansion drive that will see our company expand into new territories and grow business substantially to meet the growing demand worldwide. Alubond USA is part of this global expansion,” noted Ul Mulk.

Park Investments, which has operations in the US, South Korea, UAE and Bosnia- Herzegovina, has been investing in real estate projects across all these countries.

“This partnership will help us leverage on our combined strengths and help us build on the core strengths of both the companies and help us expand our businesses and meet the growing demand for quality homes and other assets,” observed John Hwan Park.

“Alubond’s product range is a perfect fit to the US market and we are very excited with this joint venture partnership which will help us to accelerate our projects in the US and beyond,” he added.

John Hwan Park has been an entrepreneur of many successful businesses in US and South Korea for many years. He has over 20 years of experience in retail, wholesale, restaurant, and real estate business.

His company is currently developing a number of hotels under Wyndham chain – that will be supported by the new joint venture entity, Alubond USA.

The group’s UAE operations are managed by Park International Investments, which is developing a number of projects.

Samir Munshi, Founder of Silver Heights Real Estate, said as a property management group it supports the holistic range of property transactions, including commercial and residential property sales, acquisitions and leasing, property valuation and management.

“The joint venture Alubond USA gives us a platform to explore new avenues and benefit out of opportunities from the growth in new demand,” he added.

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