Arkan closes 43-year-old Emirates Factory

Arkan closes 43-year-old Emirates Factory

Rising energy costs across the Arabian Gulf region are affecting local manufacturers and could lead to more inflation in the building sector. Rising energy prices are feeding into increased input costs for a variety of manufacturers of building products, including cement suppliers, glass manufacturers, cladding suppliers, PVC cabling firms and even timber and joinery workshops. The company announced a restatement of its preliminary accounts for 2016 as a result of the closure.

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