30/10/2023

30 October 2023
30 October 2023, Comments Comments Off on H.B. Fuller marks major global expansion move with new regional business centre in UAE
H.B. Fuller marks major global expansion move with new regional business centre in UAE

H.B. Fuller has chosen Ras Al Khaimah in the United Arab Emirates (UAE) as its strategic regional business centre, marking a significant milestone in its global expansion goals. The move was cemented with the acquisition of a 15,000m2 facility of an adhesives manufacturer, XCHEM International LLC, based in the Al Hamra Industrial Zone.

Ramy Jallad, Group CEO of the Ras Al Khaimah Economic Zone (RAKEZ) and Boz Malik, Senior Vice President, Global Construction Adhesives, H.B Fuller, marked the facility launch during a recent lease signing ceremony.

H.B. Fuller Senior Vice President, Construction Adhesives, Boz Malik said: “This strategic investment in the UAE aligns with our vision of global expansion and growth, and supports our long-term plan of diversifying H.B. Fuller’s construction adhesives business outside the US. The continuous governmental support, easy business practices, and high market potential for adhesives make the UAE a preferred location to capitalise on our investments and increase regional capabilities”. He also emphasised the company’s commitment towards attracting and retaining the best talent in the region, “We are pleased to embark on this journey with the support of RAKEZ.”

With its latest set-up in Ras Al Khaimah, the company joins a thriving business community of over 18,000 businesses, including around 400 American companies and numerous manufacturing giants based in the economic zone.

RAKEZ Group CEO Ramy Jallad said, “We are thrilled to welcome H.B. Fuller to the RAKEZ business community. Their decision to choose the UAE as a business hub for the MENA region reinforces the international recognition of our country’s dynamic and robust economic environment. Our vibrant construction market which readily embraces innovative and progressive solutions, coupled with our commitment to business-friendly practices, provides the perfect platform for H.B. Fuller to realise their long-term growth plans.”

More than a century-old global giant, the USD 3.75 billion company H.B. Fuller is actively expanding the regional presence of its global adhesives portfolio. Offering a wide range of speciality adhesives and coatings, H.B. Fuller serves industrial and infrastructure applications, particularly in the fast-growing construction markets of the MENA region, with customers in more than 140 countries globally. The company’s latest Ras Al Khaimah set-up adds broadens its product range of highly specified applications for flooring, roofing, and infrastructure-oriented markets. This would help further expand H.B. Fuller’s business network, product development, technical service, and supply chain in the region.

About Ras Al Khaimah Economic Zone (RAKEZ):

RAKEZ is a powerhouse business and industrial hub established by the Government of Ras Al Khaimah in the United Arab Emirates. It currently hosts over 18,000 companies coming from over 100+ countries and operating in more than 50 industries.

RAKEZ offers entrepreneurs, startups, SMEs and manufacturers a wide-range of solutions, including free zone and non-free zone licences, customisable facilities, and first-class services provided in a one-stop shop. Furthermore, RAKEZ has specialised zones that are tailored to specific needs of investors: Al Nakheel and Al Hamra Business Zones for commercial and service companies; Al Ghail, Al Hamra and Al Hulaila Industrial Zones for manufacturers and industrialists; and an Academic Zone for educational providers.

A leading economic zone, RAKEZ aims to continue attracting diversified investment opportunities that will contribute to the economic growth of Ras Al Khaimah.

About H.B. Fuller:

Since 1887, H.B. Fuller has been a leading global adhesives provider focusing on perfecting adhesives and sealants to improve products and lives. With fiscal 2022 net revenue of $3.75 billion, H.B. Fuller’s commitment to innovation and sustainable adhesive solutions brings together people, products and processes that answer and solve some of the world’s biggest challenges. Our reliable, responsive service creates lasting, rewarding connections with customers in electronics, disposable hygiene, medical, transportation, aerospace, clean energy, packaging, construction, woodworking, general industries and other consumer businesses. And, our promise to our people connects them with opportunities to innovate and thrive. Learn more: https://www.hbfuller.com/.