STOCKWATCH

Time Technoplast Subsidiary Incorporates Elan Steel Containers in Sharjah, UAE

Time Technoplast Ltd's wholly owned subsidiary, Elan Incorporated FZE, has incorporated Elan Steel Containers (FZC) in the Sharjah Airport Free Zone (SAIF Zone), UAE. This strategic addition reinforces their presence in the Middle East and marks their entry into steel drum manufacturing in the region. The new Sharjah facility is built to international standards and will produce durable, high-quality steel drums compliant with global safety and regulatory norms.

• Time Technoplast's subsidiary, Elan Incorporated FZE, has incorporated Elan Steel Containers (FZC) in Sharjah, UAE.
• The new facility is built to international standards and will produce steel drums compliant with global safety and regulatory norms.
• This move strengthens Time Technoplast's presence in the Middle East and marks their entry into steel drum manufacturing in the region.
• The Middle East is one of Time Technoplast's fastest-growing regions, with operations in Sharjah, Bahrain, Saudi Arabia, and Egypt.
• Forecasts indicate volume growth of over 15% p.a. for the next 3 years in the Middle East.