Mulk opens aluminium plant in India

UAE-based diversified conglomerate Mulk Holdings has commissioned a $10 million manufacturing plant for Alubond USA Composite Panels in Mumbai, which on completion will create over 2,000 jobs.

Spread over a 10-acre land, the plant hosts a state-of- the-art Alubond USA Composite Panels manufacturing facility that will primarily serve the growing Indian construction market, a company statement said.

The move is part of the $81.74 million expansion plan by the UAE-based conglomerate that owns the US-based Alubond USA brand. Once completed, these projects will create more than 2,000 jobs in India. The $10 million investment marks the development of the first phase of the plant. The manufacturing plant has a production capacity of 1 million square meters of Alubond USA Composite Panels.

The plant, which hired 35 professionals, will also create significant job numbers in the fast growing Indian construction landscape and support a greater number of indirect employment opportunities for the local communities in the long run, said the statement.