Peikko Group Corporation inaugurates larger production unit in RAKEZ Al Hamra Industrial Zone
Peikko Group Corporation has inaugurated its new production unit as part of its expansion in Ras Al Khaimah Economic Zone’s (RAKEZ) Al Hamra Industrial Zone adding to the zone’s portfolio of highly reputed industrial companies. Peikko’s new expansion is a testament to the business supportive infrastructure offered in Ras Al Khaimah in general and RAKEZ in particular where the company enjoys a wealth of opportunities.
The inauguration ceremony was attended by HH Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah; HH Sheikh Ahmed bin Saqr Al Qasimi, Chairman of RAKEZ; Mr Ramy Jallad, Group CEO of RAKEZ; HE Marianne Nissila, Finnish Ambassador to the UAE along with other VIP delegates.
With its headquarters established in 1965 in Finland, Peikko is a world leader in supplying concrete connections and composite structures. Peikko’s new hub in RAKEZ stretches on over 11,000m2 of industrial land in Al Hamra Industrial Zone where it is expecting to go full production capacity at 6,000 tons per year utilising the proximity to the emirate’s rich natural resources.
Currently, the company has 80 employees from 10 different nationalities. This is an excellent example on working towards RAKEZ’s strategy to increase manufacturing jobs as well as Ras Al Khaimah’s manufacturing GDP by 2030.