Dynergy Technologies, a unit of Emaar Industries & Investments (EII), is aiming at a seven-fold expansion in production capacity at its new switchboards manufacturing plant in Dubai and has set a Dh200 million ($54.4 million) turnover target by 2012.

Dynergy Technologies is specialised in the assembly and supply of LV and MV electrical switchboards and focuses on facilitating energy solutions for local communities, hotels and construction projects.

'The new plant will also assist us in further emphasising on research and development supported by adequate technical expertise,' said Mahnad Kashani, member of board of directors at Dynergy Technologies at the opening of company's new 22,000 sq m manufacturing facility in Jebel Ali on Wednesday.

The capacity expansion and economies of scale that the plant brings in will create a competitive advantage for Dynergy, he added.
 
EII, as a facilitator of the industrial and manufacturing sector, supports Dynergy in business development, marketing, establishing banking relations and implementing strong corporate governance measures.

EII also secured a partnership with ABB Industries for Dynergy products thus bringing in advanced power and automation technology to the company.

According to EII, the first phase of the new facility will create 300 jobs and has a capacity to produce 30,000 switchboard panels per year. The work on the second phase is being planned with a new extension for medium voltage panels and a new product line.

Mohammed Saeed Al Raqbani CEO of EII said the industrial and manufacturing sector is fast evolving as a key growth driver of Dubai’s economy, with small and medium enterprises accounting for up to 98.5 per cent of Dubai’s business sector and accounting for 61 per cent of the total workforce.

'EII complements the diversification efforts of Dubai Government by providing tangible and strategic support to industries in achieving their larger growth goals,' he noted.

The region, Al Raqbani stated, presents an attractive opportunity for private investments in the manufacturing sector due to the planned growth to its economies, institutional reforms and market liberalization, which all create opportunities for large-scale transactions.

'The expansion of Dynergy Technologies to a new manufacturing facility in TechnoPark will further empower the company to enhance its production capacity, and also seek new geographic markets for the company’s product range,' he noted.

EII’s continued support will further empower Dynergy to drive growth, create new job opportunities and expand its product range, he added.

Providing turnkey solutions in LV and MV switchgear, Dynergy was previously operating out of small rented premises with a production capacity of only 4,000 panels per year.

Kashani said: “Our expansion to the new, state-of-the-art premises in TechnoPark follows extensive market research. The market for LV panels alone is estimated at Dh1.5 billion and Dynergy aims at tapping this growing market.'

'With all products type-tested as per the specifications of an independent quality certification authority in the UK as well as IEC, Dynergy expects the new facility to drive its expansion into new markets in the GCC region,' Kashani said.

The new plant has several energy-efficient practices with production taking place under a sun-lit semi-glassed roof and using pneumatic tools system to save electricity consumption. Dynergy is a member of the Emirates Green Building Council and currently runs a third-party assessment for greenhouse gas emission, as the first step to becoming a carbon neutral entity.-TradeArabia News Service