BAKU, Azerbaijan, April 6. Qemtex International Company plans to produce 4,500 tons of powder coatings per year after the launch of the first stage of the plant in the UAE, Jandos Temirgali, Chairman of the Board of Directors of the company, told Trend.
"The project in the United Arab Emirates is divided into two stages. The first stage, which is currently in its latter stages, calls for 4,500 tons of product output annually. We intend to increase output to 10,000 tons annually in the second stage, which we hope to start by the end of this year," he said.
According to him, the decision to divide the manufacturing launch into two phases was taken to facilitate a more seamless introduction into the market.
"We plan to start with a relatively small volume with the aim of understanding the specifics of the market, making the necessary adjustments, and implementing them in the second stage to minimize risks. Overall, the total volume of products produced by the enterprise will depend on the implementation of our global strategy," he noted.
Temirgali pointed out that the holding has the potential to increase production at the UAE plant to 20,000 tons per year.
"Although the enterprise is located in the GCC region, we do not plan to stay only within this 'framework'. We view the UAE project as a global export-oriented enterprise aimed at opening representative offices worldwide. We will produce products here and establish connections with consumers based in a wide variety of regions with different preferences and standards, whether in Europe, North America, or Asia," he said.
Notably, Qemtex Holding began construction of a plant in the UAE in 2023.