Gadoya Holdings inaugurates second facility

Dubai - . The new Dh60 million facility spanning over one hundred and twenty thousand square feet, has a production and storage capacity of Dh300 million+ in Sharjah, UAE. The new facility will serve as a manufacturing and trading unit for three business verticals of Gad

Gadoya Holdings, a leading business conglomerate in the UAE, has announced the opening of its second major manufacturing facility in Sharjah. Spanning an area of 120,000 square feet, the new facility, located in the Sharjah Industrial Area, will serve as a corporate office and production unit for three major business verticals of Gadoya Holdings, namely Gama Electrical Trading, Gama Engineering and Sabin Plastic.
The new facility was inaugurated by Shaikh Mohammed bin Abdullah Al Thani, chairman of the Sharjah Department of Statistics and Community Development, along with senior directors of Gadoya Holdings.
Al Thani, said: "Gadoya Holdings is one of the leading business groups in Sharjah and has been here for more than 40 years. We are very happy to see their incredible growth from a small trading company to the industry leader that it is today."
Gadoya Holdings is a business group comprising of 14 businesses with a combined workforce of over 900 employees. The new manufacturing facility in Sharjah Industrial Area will have a production and storage capacity of Dh300 Million plus.
Satish Gadoya, chairman of Gadoya Holdings, said: "We are very pleased to launch our second manufacturing facility in Sharjah. Combined with the first in Sharjah Airport International Free Zone, we will be increasing our production and storage capacity to Dh500 million in next 12 months. Our growth in the UAE has been phenomenal over the past few years. In plastics, we have seen a 20 per cent growth year-on-year, and in electricals, we had a growth of 45 per cent over 2015. We are also in the process of setting up operations in Qatar, Oman and KSA."
 "In plastics, we currently manufacture around 400 metric tonnes a month. Our facility in SAIF Zone is the first and only plastics extrusion facility manufacturing polycarbonate and extruded acrylic sheets in the UAE."
 "We plan to open manufacturing plant for Gama Engineering in Abu Dhabi by the end of 2016, and further expand in Qatar as well. Our expansion plan will help us capture a larger market share." he added.
The Group's business verticals led by the visionary Satish Gadoya and his sons Piyush Gadoya and Sachin Gadoya include Engineering, Electricals, Plastic manufacturing, sports, travel and tourism, real estate and fitness. Gadoya Holdings has ventured into the Medical sector this year and are venturing into the education sector by 2017. - business@khaleejtimes.com