AED 2.86 billion sales of companies specializing in plastics in Ras Al Khaimah

17 07 2018

Sales of the specialty plastics industry in Ras Al Khaimah last year reached AED 2.86 billion, while total output reached AED 2.91 billion , according to the financial statements of companies operating in the industry.

The value added generated by this industry accounted for 40% of its total production volume of 1.15 billion, accounting for 12% of the total industrial sector output in the emirate.

Was a study released by the RAK Chamber to introduce the specialized plastic industry Ahmed Rashid Al-Shamaili, Deputy Director General, Business Services and Business Development, Ras Al Khaimah House, said that the companies of the Plastics industry in Ras Al Khaimah come from different countries, including Singapore, Britain, India and Belgium. National Capital, Asta Singapore has had the largest share of the capital of companies operating in the industry, followed by local capital.

Assets of companies operating in the industry amounted to AED 3.15 billion at the end of 2017. Corporate assets were distributed at AED 1.76 billion as fixed assets of 1.38 billion. billion

Asim Bani Fares, senior economist in the House of Ras Al Khaimah, explained that sales of the specialized plastic industry increased by AED 288 million during the period 2016-2017 and that the total value of the assets invested in the industry was 1.1 billion AED. With sales figures up by 2.57 billion AED In 2016, to 2.86 billion dirhams in 2017, an increase of 11%, as an increased specialized contribution in non-oil exports from the emirate of Plastics industry to 38%. [19659007] Announcements

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