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Metito eyes expansion plans

METITO, THE UAE-based utilities provider, is unlikely to go for an IPO this year and may opt to concentrate on aggressive expansions first.

Insulating a building – a matter of life or death

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HIGH TECHNOLOGY INSULATION materials that protect buildings in a fire are being installed in major projects across the Middle East as regulations are introduced to help save lives in the event of a blaze, according to an international industry leader. "With major multi-billion dollar buildings and projects being constructed across the region, there is greater awareness of the need to provide better protection against fires spreading," said Peter Vinken, export director of Rockwool Technical Insulation.

According to recent figures from the Emirates Medical Association, last year, there were 2,460 fires in the UAE alone, which killed 40 and injured 172 people. Dubai recorded 707 fires up to August last year, up from 598 in 2007. Rockwool Technical Insulation specialises in protective technical insulation against fire, heat, cold and noise for the building, process, marine and offshore industries and is part of the Denmark-headquartered Rockwool Group which has a total turnover US$2.4 billion and 23 factories around the world.

"Many of not only the tallest but the most complex projects in the world are under construction in the Middle East and the extra time our products provide to evacuate buildings in a fire emergency can mean the difference between life and death," Vinken said. For example, structural steel loses its load-bearing capacity at temperatures above 400 degrees Centigrade. "One of the most vital properties of Rockwool stone wool is its ability to withstand temperatures of more than 1,000 degrees Centigrade," said Vinken. "Properly used, Rockwool stone wool acts as a fire resistant barrier providing vital extra minutes for rescuing people." 

For Rockwool Technical Insulation the Middle East has rapidly become the company's fastest growing export markets with the region contributing 50 per cent of export revenues in 2007. "We are seeing further major growth in the Middle East with growing demand for insulation products in industry and for fire protection as well as ventilation and air conditioning," Vinken said. "With new plants being commissioned virtually every few months, large quantities of high standard insulation materials are needed. The whole Middle East region continues to exhibit huge market potential for high quality products for projects in the building and process industries."

 

Business and Management

  • US$130mn Saudi Arabia power plant component order won

    Siemens Energy has secured a US$130mn order to supply gas turbine packages to Saudi Arabia. The components are to be installed in the Hail Extension II and Al Qurayat Expansion II power plants. The purchasers are the Alfanar Construction Company and Saudi Services for Electromechanic Works (SSEM) respectively and they will perform the project on a turnkey basis for the Saudi Electric Company (SEC) utility. Delivery of the components is scheduled for 2010 and 2011.

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Executives Calendar

September 2010

SEPTEMBER 2010
27-30 Project Iraq ERBIL
www.ifpqatar.com

October 2010

OCTOBER 2010

3-6 Saudi Build RIYADH
www.recexpo.com

4-6 Powergen Middle East DOHA
www.power-gen-middleeast.com

17-19 PG&WSME ABU DHABI
www.powerandwaterme.com
17-20 Recycling & Waste Management KSA RIYADH
www.recexpo.com

17-21 GITEX Arabia DUBAI
www.gitex.com

18-21 Erbil International Fair ERBIL
www.ifpqatar.com

25-27 Saudi Transtec Dharan
www.sauditranstec.com


November 2010

NOVEMBER 2010
1-4 GCC Power DOHA
www.ifpqatar.com

1-4 Adipec 2010 ABU DHABI
www.adipec.com

2-6 Jordan Motorshow AMMAN
www.ifpqatar.com
21-24 The Big 5 DUBAI
www.thebig5exhibition.com

28-30 Roadex/Railex ABU DHABI
www.roadex-railex.com
28-30 MEMEX 2010 ABU DHABI
www.memexnews.com