Danube aims for Dh1b sales revenue this year

Danube Building Materials, the leader in construction, building materials, and shop fitting industries, has announced that it aims to generate Dh1 billion in sales revenue by the end of 2008, following a highly successful performance in 2007.

Having reached a 72 per cent growth in its annual earnings last year, the company has also scheduled that it could double its annual returns to touch the Dh2 billion mark by the end of 2010, based on the current uptrend in its overall growth and among the rapid expansion of the construction industry in the region.

The company's growth has been the result of its focus on establishing facilities in high potential production locations, such as its newest factories in Lianyungang, China and in Bahrain, which supply a significant bulk of the high quality products for its regional and international clients.

In the UAE, Danube has undertaken a number of significant projects, including the delivery of its new Formica toilet cubicles to Dubai Mall, in addition to over Dh200 million in new projects in Ras Al Khaimah, Umm Al Quwain and Dubai Techno Park.

At present, the company operates from its head offices in a 285,000 square feet facility in Jafza north and 365,000 square feet area in Jafza south, which includes warehouses, logistics, kiln drying and a factory. Danube currently maintains eight branches in the UAE, in addition to its global hubs in Oman, Bahrain, China and India.