UAE-based Taweelah Aluminium Extrusion Company (Talex) has announced its expansion into the Australian market with Melbourne the first city selected in its international expansion.
With an investment starting at $0.5 million and growing to approximately AUD$40 million dollars over 8 years, TALEX has identified Australia as a key market reportedly due to its stability and its ever-increasing demand for aluminium extrusions.
“TALEX’s entry into the Australian market is highly strategic,” said Stylianos Tsoktouridis, General Manager, TALEX. “The market here is niche, but mature, which we believe will provide both sustainability and long-term prospects.
“We believe that there is a substantial opportunity for us to promote our exclusive hard alloys that are suitable for sophisticated engineering applications and supply the market directly via our soon-to-be-established local warehouses and distribution network.”
The expansion will also allow TALEX to invest in key local industries, including major building systems suppliers for residential projects, big fabricators, wholesalers and engineering application sectors.