UAE-based company TALEX, have announced its expansion into the Australian market with Melbourne being the first city selected in its international expansion.
With an investment starting at AUD$0.5 million and growing to approximately AUD$40 million dollars over 8 years, Taweelah Aluminium Extrusion Company LLC has identified Australia as a key market due to its ever-increasing demand for aluminium extrusions and market stability.
The strategic market entry will provide TALEX with sustainability and long-term prospects by offering direct supply to the market via their soon-to-be-established warehouse and distribution networks.
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 and provide the company the opportunity to promote its exclusive hard alloys to a new customer base.
TALEX will initially open a commercial office in Melbourne, with warehousing and logistics services to follow, creating 80 local jobs directly, with a number of additional supporting roles being created to support operations indirectly. In addition to its investment in Australia, TALEX is also allowing for expansion into the Americas, Europe and India.