Qatar Aluminium extrusion co. (qalex) signed an agreement to purchase the assets of ABDUL NOOR ALUMINIUM EXTRUSION FACTORY, which was duly signed by Mr. Abdul Rahman bin Abdullah Al Ansari, Chairman of Qatar Aluminium Extrusion Co. and Mr. Jassim Abdul Noor, Chairman of Abdul Noor Aluminium Extrusion Factory.  This deal was financed in cooperation with QDB (Qatar Development Bank,  who showed full cooperation as part of their mission to support small and medium enterprises and industrial sectors in general within Qatar, by increasing Qatar Aluminium Extrusion Co. (QALEX) paid-up capital - through a call-up from the Authorized Capital of 100 Million Qatar Riyals from the partners of Qatar Aluminium Extrusion Co. (QALEX).

 

The partners of QALEX are: Qatar Industrial Manufacturing Company (QIMC), in collaboration with other leading companies such as; Salam International Investment Limited (SIIL), Aluminium Technology and Auxiliary Industries (ALUTEC), Qatar Belgium Aluminium Company (QBEL), Qatar Oman Investment Co. (QOIS), Qatar Real Estate Investment Co. (ALAQARIA) and Aluminium Gulf Ray (AGR). QALEX was established in 2009 by an Authorized Capital of 100 Million Qatar Riyals.

 

Mr. Abdul Rahman bin Abdullah Al Ansari, the Chairman of Qatar Aluminium Extrusion Co. (QALEX) stated that with this deal, Qatar Aluminium Extrusion Co. (QALEX)’s production capacity will increase to 30,000 Metric Ton per Annum of Aluminium extruded profiles - in all types of finishes (MF, PC, Anod) and colors.

 

Production capacity shall be as follows:

 

•             Production Capacity of Aluminum Extrusion Presses 

-              30,000 Ton per Annum

•             Production Capacity of Powder Coating

-              15,000 Ton per Annum

•             Production Capacity of Anodizing

-              6,000 Ton per Annum

•             Production Capacity of Wood Coating

-              1,400 Ton per Annum

 

Mr. Abdul Rahman bin Abdullah Al Ansari added further,  QALEX will be able to cater the local market requirements in all aluminum extruded profiles,  which are mainly used in many projects of Qatar to host the Word Cup 2020 and achieve Qatar’s Vision in 2030. 

 

QALEX has ever since been acquiring its Raw Materials from QAMCO (Qatar Aluminium Manufacturing Company) – being one of the biggest producer of aluminium in the region.  QAMCO (Qatar Aluminium Manufacturing Company) is recycling all aluminium scraps which have a great impact on the environment in terms of reducing the Carbon (CO2) Emission.