Sharjah-based diversified holding company Gadoya Holdings, has opened a new Dh60 million ($16 million) manufacturing facility in Sharjah Industrial Area in the UAE.

Spanning an area of 120,000 sq ft, the new facility is Gadoya’s second major production facility in Sharjah and it will serve as a manufacturing and trading unit for its three business verticals: Gama Electrical Trading, Gama Engineering and Sabin Plastics.

The new manufacturing facility in Sharjah Industrial Area will have a production and storage capacity of Dh300 million ($82 million), according to the company.

According to Satish Gadoya, chairman of Gadoya Holdings, the new facility will complement Gadoya Holding’s existing plastics extrusion plant in Sharjah Airport Free Zone (Saif Zone), helping the company increase production and storage capacity to Dh500 million ($137 million) over the next 12 months. The Saif Zone plant is the first and only plastics extrusion facility producing polycarbonate and extruded acrylic sheets in the UAE, manufacturing 400 metric tonnes of product per month, he said.

Elaborating on the company’s expansion plan, Gadoya said: “Our growth in the UAE has been phenomenal over the past few years. In plastics, we have seen a 20 per cent growth year-on-year, and in electricals, we had a growth of 45 per cent over 2015. We are also in the process of setting up operations in Qatar, Oman and Saudi Arabia.”

“In plastics, we currently manufacture around 400 metric tonnes a month. Our facility in Saif Zone is the first and only plastics extrusion facility manufacturing polycarbonate and extruded acrylic sheets in the UAE,” he added.

“We plan to open manufacturing plant for Gama Engineering in Abu Dhabi by the end of 2016, and further expand in Qatar as well. Our expansion plan will help us capture a larger market share.” he said.

Gadoya Holdings began its journey in 1991 as a ten-person company led by the visionary Satish Gadoya. Armed with passion, he steered the name over three decades into the future, to become an enterprise that stands today amongst the most successful businesses in the region.

The Gadoya Holdings currently employs a combined workforce of over 900 employees across a network of 14 companies including engineering, electricals, plastic manufacturing, sports, travel and tourism, real estate and fitness. Gadoya Holdings has ventured into the medical sector this year and are venturing into the education sector by 2017.

According to the Gulf Petrochemicals and Chemicals Association (GPCA), the region’s plastics conversion industry is expected to grow to 7.5 million tonnes in capacity by the year 2020. The UAE currently has the second largest plastic converter production in the GCC, after Saudi Arabia accounting for 19 per cent of GCC production. Sharjah has proved popular with plastics firms, with a growing number of plastics manufacturers locating in Hamriyah Free Zone, SAIF Zone and in Sharjah Industrial Areas.

Established in 2001, Gama Engineering, has a network of manufacturing facilities and offices in Sharjah, Dubai, Abu Dhabi and Qatar. It is an ISO 9001, ISO 14001, BS OHSAS 18001 & BSRIA certified company engaged in manufacturing of LV switchgear, system integration of BMS, structured cabling, lighting control, home automation and GRMS systems, Busbar Trunking, and other engineering services.

Sabin Plastics is a leading supplier of acrylic, PVC, aluminium and polycarbonate sheets. Sabin caters to a wide range of industries including construction, aluminium, engineering and many more. Currently, the plastics by Sabin Plastics are being produced and stored in more than six different facilities in the UAE. Sabin is rapidly growing its operations in the UAE with the aim to cater to all requirements of the plastics industry.