JVG 0.00% 15.0¢ jv global limited

update on uae

  1. 3,445 Posts.
    Good news on the UAE front with the factory their moving into profitability as is I would assume the Indian operations (Component Homes is already profitable now).

    Very good signs for the future IMO.

    UPDATE ON OPERATIONS IN THE UNITED ARAB EMIRATES

    The Directors of JV Global Ltd are pleased to advise that it’s United Arab
    Emirates joint venture company, Arabian Profile Global Co. LLC. (APG) is making
    steady progress towards production levels which will result in profits being
    achieved over the next twelve months.
    The company has now completed the supply and installation of steel door frames
    in the new wing of the Ajman Hospital. APG has also secured a contract for the
    supply of steel door frames for Al Hadeef Contracting for two G + 15 storey
    residential tower blocks and a further contract for Intermass Engineering and
    Contracting for the supply of complete doors sets (inc. Steel door frames and
    timber doors) for a G +15 storey residential project. The total value of these two
    contracts is in excess of AED1.25 million (AU$362,790).
    APG has also made significant inroads into the rapidly growing local light guage
    steel (LGS) framing market. Two major suppliers of LGS framing based in the
    UAE have expressed a desire to use our steel door frames exclusively in future
    projects.
    Ecospecifier, a 3rd party Environmental Consultant has assessed APG’s steel door
    frames for LEED accreditation and APG will be exhibiting at the Ecospecifier stand
    at the Gulf Building Expo to be held in Abu Dhabi later this month. As from the 1st
    January, 2008 HH Sheikh Mohammed Bin Rashid Al Maktoum announced that all
    buildings in Dubai will be LEED Certified in an effort to comply with world “Green”
    Standards. This has produced an increase in awareness and interest in the Steel
    Door Frame from developers who have previously used wooden door frames but
    who are now seeking to achieve LEED certification with positive responses being
    received from several major developers.
    The recent project won by APG to supply our steel door frames together with
    doors, is significant as it is the first project which reflects the benefits ofthe newly
    signed agency between APG & Trafalgar Building Products, part of the Norfolk
    Group of companies, an Australian based ASX public company. Under the
    agreement Trafalgar Building products will initially supply APG with fire rated
    doors including hardware from Australia with a view to APG eventually
    establishing a manufacturing facility in the UAE.
    JV Global Limited (ASX Code: JVG)
    ABN 80 009 142 125
    Suite 28 The Hyatt Centre, 87 Adelaide Terrace Perth WA
    PO Box 6875 East Perth WA 6892 Ph: +61-8 9325 2700 Fax: +61-8 9325 2711
    eMail: [email protected] Web: www.jvglobal.com.au
    This is a major step forward as the company now has the capacity to supply a
    “total packaged solution” – something that has been an issue in the past in terms
    of tendering for larger projects. The company has also employed the services of
    Warringtopn Bodycote, one of the world's leading 3rd party labelers of fire rated
    products. Trafalgar test results have been sent to the UK for assessment and
    once completed; the approvals will be submitted to Dubai & Sharjah Civil Defense
    in order to have APG added to the list of Certified Suppliers for the UAE.
    Further APG advises that several major projects are currently in the final stages
    of negotiation and the company hopes to be in a position to announce the
    finalisation of these substantial contracts in the near future.
    Kenneth McKinnon
    Company Secretary
 
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