Danube targets to touch USD 1 billion in revenues by 2015

<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgtigHXIkoMJYS2-ZRnca12egLgoqH1VBBvVqik9ZyresxANl7cEQpJJ9kV3U-ZIEBYyPFe0SDH8mHdMxu_wBDKnYsSeqWUOK9qTlqUQBYkL7w6HPgI6G0slDOshUpj_1VPvqxJTbwS7Sc/s1600/Rizwan+Sajan+Danube.jpg"><img alt="" border="0" id="BLOGGER_PHOTO_ID_5565639479042699042" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgtigHXIkoMJYS2-ZRnca12egLgoqH1VBBvVqik9ZyresxANl7cEQpJJ9kV3U-ZIEBYyPFe0SDH8mHdMxu_wBDKnYsSeqWUOK9qTlqUQBYkL7w6HPgI6G0slDOshUpj_1VPvqxJTbwS7Sc/s400/Rizwan+Sajan+Danube.jpg" style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 315px; height: 400px;" /></a><br /><br /><em><strong>Danube targets to touch USD 1 billion in revenues by 2015<br /><br />Company expects to grow by 25 per cent this year</strong></em><br /><br />January 24, 2011<br /> <br />Buoyant on its growth prospects, Danube Building Materials, the leader in construction, building materials and shop fitting industries, has set a target of attaining USD 1 billion (AED 3.67 billion) revenue by the year 2015. The company saw an impressive 25 per cent rise in revenues in 2010 in spite of the global economic crisis and projects a similar growth in 2011, that will take its revenues to AED 1.6 billion. Danube has also invested AED 50 million in a new manufacturing facility; spread over 1.3 million square feet, in Dubai TechnoPark, which would be functional this year.<br /><br />In addition to securing significant growth, the company has also undertaken major expansion initiatives, which has expanded its market reach further across the region, as well as to India, one of the world’s fastest-growing economies. Danube expanded its retail footprint in 2010 and opened Danube BUILDMART showrooms in Dubai, Abu Dhabi, Al Ain, Bahrain and Mumbai. Each of these showrooms entailed an investment between AED 10 million and AED 50 million. The company plans to continue with its expansion through 2012, during which it targets to open 15 branches.<br /><br />“The year 2010 was a very positive year for us and we are proud to say that we managed impressive growth and expanded at the same time. We added 10,000 new products to our portfolio for BUILDMART to meet housing needs, and now our total product portfolio is 25,000. Further, there were fresh initiatives and major investments, well thought over strategies and effective implementation, along with our foremost target to deliver the best to our customers, which together helped us stay strong even in tough market conditions. We are expecting positive growth results to continue in 2011 as well,” said Rizwan Sajan, Chairman, Danube Building Materials.<br /><br />Danube cited a recent ‘UAE Construction Industry Outlook to 2012’ report by industry intelligence provider RNCOS, which says that the UAE construction industry is expected to witness a compound annual growth rate (CAGR) of around 20 per cent from 2010 to 2013.<br /><br />“The bullish projections directed towards the UAE construction sector has drawn our focus further into broadening our presence in the domestic market, as we believe that excellent opportunities for growth are in sight for investors, developers and other players in the construction arena,” Sajan pointed out.<br /><br />Danube not only saw strong performance in terms of its financials, its achievements were well recognized within and outside the industry circles. Danube was conferred with three prestigious awards including the Mohammed Bin Rashid Al Maktoum (MRM) Business Award and also received the Dubai Quality Appreciation Programme (DQAP) award. The company’s Chairman, Mr. Rizwan Sajan, was also named ‘Businessman of the year’ at Ahlan! Masala Awards 2010.<br /><br />“Our achievements were recognized and personally I am humbled to have received the award by Ahlan! Masala. These achievements are the result of combined efforts of all our partners, employees and associates and we are grateful to them for their contribution. We are committed to not only our own growth but also to continue to make a positive contribution to the construction industry as a whole,” concluded Sajan.<br /><br /><br />About Danube Building Materials FZCO <br />Established in 1993, Danube Building Materials FZCO provides more than 15,000 products in stock and in-house value added services in all of its 14 showrooms across the UAE. The company operates from its head offices – a 285,000 square foot facility in Jafza north and a 365,000 square feet base in Jafza south, which houses its logistics centre, kiln drying facility, factory and warehouses. From a small trading firm, Danube has grown into one of the largest building materials company in the region, with 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. Danube has a team of 1000 people working from strategic locations in across the Emirates, including Jebel Ali, Deira and Abu Dhabi. The company has been and is currently involved in major projects across the UAE, Oman and Bahrain, including Emirates Hills, the Burj Al Arab, Shangri-La Hotel, Grand Hyatt, Motor City, Burj Dubai, Dubai Airport Terminal 3, Yas Island, Reem Island, Saadiyat Island, and Al Raha Beach Hotel, among others.

Danube targets to touch USD 1 billion in revenues by 2015

Danube targets to touch USD 1 billion in revenues by 2015 Company expects to grow by 25 per cent this year January 24, 2011 Buoyant on its ...

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Danube Building Materials records 30 per cent overall growth in FY’09-‘10

<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKhbYuj4LbZDybZShT2piz6MIjjjVJE0-HrSm75vqtuiR657olKx8xsCSXVUg5rDWh7RVAsa_MTFfuRAjxmQw1eD3U4cASG3QQ8MrDkynNk5drt5_mQEWFXJcTqmdwFN0Wz7owzRpdLWDy/s1600/Rizwan+Sajan.jpg"><img alt="" border="0" id="BLOGGER_PHOTO_ID_5490052455973634770" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKhbYuj4LbZDybZShT2piz6MIjjjVJE0-HrSm75vqtuiR657olKx8xsCSXVUg5rDWh7RVAsa_MTFfuRAjxmQw1eD3U4cASG3QQ8MrDkynNk5drt5_mQEWFXJcTqmdwFN0Wz7owzRpdLWDy/s400/Rizwan+Sajan.jpg" style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 278px; height: 400px;" /></a><br /><br /><em><strong>Danube Building Materials records 30 per cent overall growth in FY’09-‘10</strong></em><br /><br /><strong>Leading manufacturer underlines strength amidst economic challenges </strong><br /><br />July 04, 2010<br /><br />Danube Building Materials, the leader in construction, building materials and shop fitting industries, announced that it has achieved 30 per cent overall growth in FY’09-‘10. The excellent results the leading manufacturer has recorded underlines its strength despite the challenges posed by the dwindling market as a result of the recent global financial crisis. In addition to securing significant growth, the company has also undertaken major expansion initiatives, which has expanded its market reach further across the region, as well as to India, one of the world’s fastest-growing economies.<br /><br />The most recent milestones achieved by Danube in the past fiscal year include the subsequent inauguration of two 'Danube BUILDMART' branches worth AED 15 million each – in Ibn Battuta Mall, Dubai and in Bawadi Mall, Al Ain. Further, the company also unveiled its ‘Danube BUILDMART’ branch in Mumbai, India, located within the city’s well-known Oberoi Mall on June 25, 2010, marking its first international branch outside of the GCC.<br /><br />“The growth we have seen for FY’09-’10 is a true testament to our strength and resilience, as well as our capacity to meet customer demands, which has evolved significantly due to the unique situation created by the global financial meltdown,” said Rizwan Sajan, Chairman, Danube Building Materials. “This success has been the result of our foresight, strong strategies, and ultimately, the value for money we offer to our customers. In addition to launching new stores, we have also invested in expanding our production capacity, while maintaining unwavering focus on ensuring the quality of all our products.”<br /><br />Being built as part of its expansion plan in the coming years, the company has invested AED 50 million in a manufacturing facility located in TechnoPark, Dubai, to boost its production volumes and meet the demand as the market approaches full recovery. Spanning 1.3 million square feet, the new facility will be completed in phases and is expected to commence operations by early 2011. As a testament to the overall success of Danube, a certificate for the ‘Dubai Quality Appreciation Programme’ (DQAP) has been awarded to the company in April this year, in recognition of its noteworthy activities and achievements.<br /><br />About Danube Building Materials FZCO <br />Established in 1993, Danube Building Materials FZCO provides more than 15,000 products in stock and in-house value added services in all of its 14 showrooms across the UAE. The company operates from its head offices – a 285,000 square foot facility in Jafza north and a 365,000 square feet base in Jafza south, which houses its logistics centre, kiln drying facility, factory and warehouses. From a small trading firm, Danube has grown into one of the largest building materials company in the region, with 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. Danube has a team of 1000 people working from strategic locations in across the Emirates, including Jebel Ali, Deira and Abu Dhabi. The company has been and is currently involved in major projects across the UAE, Oman and Bahrain, including Emirates Hills, the Burj Al Arab, Shangri-La Hotel, Grand Hyatt, Motor City, Burj Dubai, Dubai Airport Terminal 3, Yas Island, Reem Island, Saadiyat Island, and Al Raha Beach Hotel, among others.

Danube Building Materials records 30 per cent overall growth in FY’09-‘10

Danube Building Materials records 30 per cent overall growth in FY’09-‘10 Leading manufacturer underlines strength amidst economic challenge...

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