Qatar Aluminium Extrusion Co (QALEX) announced to have acquired the assets of Abdul Noor Aluminium Extrusion Factory.
The purchase agreement was signed by Abdul Rahman bin Abdullah Al Ansari, Chairman of QALEX and Jassim Abdul Noor, Chairman of Abdul Noor Aluminium Extrusion Factory.
This deal was financed in cooperation with Qatar Development Bank (QDB), who showed full cooperation as part of their mission to support small and medium enterprises and industrial sectors in general within Qatar, by increasing QALEX’s paid-up capital, through a call-up from the Authorized Capital of QR100m from the partners of QALEX.
The partners of QALEX are: Qatar Industrial Manufacturing Company (QIMC), in collaboration with other leading companies such as; Salam International Investment Limited (SIIL), Aluminium Technology and Auxiliary Industries (ALUTEC), Qatar Belgium Aluminium Company (QBEL), Qatar Oman Investment Co. (QOIS), Qatar Real Estate Investment Co (ALAQARIA) and Aluminium Gulf Ray (AGR). QALEX was established in 2009 by an Authorized Capital of QR100m.
Al Ansari, the Chairman of QALEX, stated that with this deal, the company’s production capacity will increase to 30,000 metric tonne per annum of aluminium extruded profiles - in all types of finishes (MF, PC, Anod) and colours.
Al Ansari further said that QALEX will be able to cater the local market requirements in all aluminum extruded profiles, which are mainly used in many projects of Qatar to host the Word Cup 2020 and achieve Qatar’s National Vision 2030.
QALEX has been sourcing its raw materials from QAMCO (Qatar Aluminium Manufacturing Company) – being one of the biggest producer of aluminium in the region. QAMCO (Qatar Aluminium Manufacturing Company) is recycling all aluminium scraps which have a great impact on the environment in terms of reducing the Carbon (CO2) Emission.
QALEX has acquired approval of the International System Companies in order to extrude their systems in Qatar. QALEX is proud to have its own system for glass windows, doors and facades thermally insulated and non-thermal which is classified to the norms of international standards or specifications, as these systems are tested in international laboratories.
It’s worth to mention that QALEX exports its products to international markets, incluidng Kuwait, Jordan, Belgium, Tunisia, Morocco, Iraq, France, Holland, Canada, Australia and USA, and its products have a good reputation in these markets.
Moreover, QALEX has obtained Certificates of: ISO 9001:2015, ISO:14001:2015, ISO:18001:2007 (OHSAS), QUALICOAT and QUALANOD. QALEX is also an active member of Gulf Aluminum Council (GAC), Qatar Green Building Council (QGBC), US Green Building Council (USGBC), Aluminium Extruders Council (AEC) and Aluminium Anodizers Council (AAC).
Al Ansari noted that Abdul Noor Aluminium Extrusion Factory on the other hand, will continue to supply the local market with their own current aluminium system in addition to their powder coating service and trading of aluminium profiles in cooperation with QALEX. On this respect, QALEX signed a long-term supply agreement with Abdul Noor Aluminium Factory to supply to them all the aluminium profiles used in their BREDI SYSTEM in addition to all other future systems related to windows, doors and façades which Abdul Noor will develop to cater the needs in the local market.
To view the source of this news, please click (here)