Emerson (NYSE: EMR) today announced it is investing US$33 million to expand its Middle East and Africa headquarters campus in the Jebel Ali Free Zone in Dubai. With new distribution and testing facilities, assembly areas and offices, the expanded headquarters campus will enable Emerson to closely support its customers in the region.
Covering an area of 13,000 square meters of developed space, it will significantly increase the size of Emerson’s existing facilities in Dubai and is scheduled for completion by the end of 2013. The expansion will enable Emerson Climate Technologies, an Emerson business, to consolidate two existing Free Zone sites.
Ed Purvis, executive vice president of Emerson and global business leader of Emerson Climate Technologies, commented: “With products and parts arriving from all over the world, having a world-class distribution operation will be a tremendous advantage to our customers. We are elevating our service levels and positioning Emerson Climate Technologies as a major supplier to the region for our various products and services. The testing and assembly facilities will enable us to further localize products to the Middle East’s demanding environmental conditions, and build solutions to meet our customers’ specific business needs.
“The new building will also help us support employees, customers and end-users with product and technical training that might previously have required travel outside the Middle East,” Purvis added. “Emerson is witnessing rapid growth in the region, and the establishment of this state-of-the-art facility enhances our ability to provide full local support to our customers.”Emerson Climate Technologies is the world’s leading provider of heating, air conditioning and refrigeration solutions for residential, industrial and commercial applications. Emerson Climate Technologies combines best-in-class technology with proven engineering, design, distribution and educational and monitoring services to provide customized, integrated climate-control solutions for customers worldwide. Emerson sees significant growth potential in the Middle East and Africa region, especially for Emerson Climate Technologies, Emerson Network Power and Emerson Process Management. In fiscal 2011, Emerson’s total sales in the Middle East and Africa were US$1.2 billion, representing significant continuing growth year on year from fiscal 2010 to fiscal 2011. Dubai is an ideal location for the regional headquarters, with the United Arab Emirates’ strong transport and logistical links to other GCC countries, the rest of the Middle East and Africa.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV