Soudal Group invests Dh213 million in Al Muqarram Industry in Sharjah

Belgian Soudal Group invested Dh213 million for a stake in Sharjah-based Al Muqarram Industry, with plans to increase production capacity by 50% in two years. The investment aims to boost exports and expand the product portfolio.

“From a projected sales revenue growth of about 15% to hit the Dh150 million mark by the close of 2021, we expect to register 20% growth to reach Dh180 million in 2022 driven by the expanded production capacity and a wider product portfolio.”gulfnews.com

• 1 source
• gulfnews.comBelgian industrial firm Soudal invests in Sharjah's Al Muqarram Industry with eye on exportsGulf News ReportOct 28, 2021

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