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Ras Al Khaimah: Shaikh Saud Bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah, inaugurated yesterday the new manufacturing plant of Kludi RAK LLC, a joint venture between global ceramic major, RAK Ceramics and the Kludi group of Germany to produce top of the line bathroom and kitchen fittings at a function held here.
The state-of-the-art plant, set up at a cost of $15 million (Dh55 millions), will manufacture high quality bathroom and kitchen fittings including faucets, mixers, showers and other accessories.
Speaking at the function, Shaikh Saud said that the basic tenet that has guided the reform and development agenda of the Government of RAK has been to create an enabling atmosphere where entrepre-neurs could feel at home and pursue their dreams.
"The mandate we gave to Ras Al Khaimah Investment Authority (RAKIA), when it started three years ago, was to create the right atmosphere where entrepreneurs could come in and duplicate the success model created by firms like RAK Ceramics," he added.
Successful enterprise
Shaikh Saud noted that the opening of Kludi RAK marks the addition of yet another successful enterprise in the industrial sector of Ras Al Khaimah. RAK Ceramics holds 51 per cent stake in the new venture with Kludi having the remaining 49 per cent.
The manufacturing plant, spread over 76,715 square metres, has an annual production capacity of one million pieces of bathroom and kitchen mixers.
Dr Khater Massaad, Advisor to RAK Crown Prince and CEO of Kludi RAK, said that the new company draws strength from the synergetic combination of industry leader RAK Ceramics, which has a significant market share in the ceramics and bathroom fittings industry, and Kludi, a high profile German manufacturer in kitchen and bathroom fittings.
"The joint venture is poised for great success as it can make use of the market knowledge of RAK Ceramics and the long standing expertise of Kludi in the field.
"This marks another step in the diversification efforts of RAK Ceramics to extend and compliment its existing product range," Dr Massaad added.
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