March 03, 2010 Danube Building Materials, the leader in construction, building materials and shop fitting industries, announced that its AED 50 million factory project in TechnoPark, which is designed to support the company's expansion plan in the coming years, is moving ahead full steam. Upon its completion, the 1.3 million square feet industrial complex will comprise seven state-of-the-art manufacturing facilities and a massive custom designed warehouse to store a wide range of structural steel and wood products. The new facility, to be completed in phases, will be functional by early 2011. The seven specialized manufacturing facilities within the new factory complex include a melamine MDF pressing plant; impregnation and décor plyline facility; gypsum tile cutting plant; gypsum ceiling tile manufacturing plant; gypsum board stud and track plant; glass tempering and polishing plant; and an aluminum profile manufacturing plant. This follows the previous opening of a 365,000 sq. ft. facility in Jafza South, which includes a high class warehouse, kiln drying facility for seasoning of wood and high-tech joinery, to meet the exponential growth the company has been witnessing in the past few years. 'The new manufacturing facility in TechnoPark demonstrates our commitment to our customers in the Middle East,” said Rizwan Sajan, Chairman, Danube Building Material. “In the last five years Danube has demonstrated robust growth and the company will continue on the same growth trajectory and meet increasing regional demand. In addition to increasing our manufacturing capabilities, we also intend to expand our retail presence in the region and have planned ten new ‘BUILDMART' branches in 2010.' Danube Group started its operations in 1993, and in 2001 moved to Jafza and established its 285,000 sq. ft state-of-the-art head office at the free zone, which houses its global headquarters and a well equipped modern logistics facility. In the last 5 years, the Group has achieved four-fold growth in its turnover as well as in revenue, and in 2009, despite economic recession and severe slump in the construction and real estate markets in Dubai and the region, the company posted annual revenue of AED 1.1 billion. Today, the Group is one of the fastest growing construction and building material companies in the Middle East, boasting of 18 branches worldwide - 13 in the UAE, 2 in Oman, 1 each in Bahrain, Saudi Arabia and India, in addition to procurement offices in China and Canada.