RAKtherm announces plan to grow PPR, PEX supply to meet global demand
RAKtherm, part of Hashim Group, was established in 1963 in Saudi Arabia. Its plan involves three interrelated strategies -- investing in capital expenditures, pushing market strategies and innovating its products. The plan should result in a 34 percent increase in production capacity, ensuring global supply.
"Having established ourselves as market leaders in the global arena with a portfolio that drives the world's most versatile and comprehensive piping systems to provide piping systems Luxury by Worldwide, realigned our emphasis this year to optimize the potential of global markets,” Ali Hashim, president of the Hashim Group board, said.
Hashim noted that, in order to meet modern plumbing challenges, his company would use a new line of piping systems developed by RAKtherm to help deliver mechanical, electrical and plumbing technologies.
“Investments in the order of USD 200 million in capital expenditures we announced last year are to improve technology, equipment modernization and the launch of new innovative piping systems RAKtherm,” Hashim said.