It has been a remarkable year at Gulf Plastic Industries with new entries into the Jordan, Tunis, and Pakistan markets. On the production side, our mixing capacity has increased substantially with the addition of two large silos for storage of raw materials.

Our goals for next year include expanding into the Southern Saudi Arabia, Ethiopia, and Sudan markets. Our production of PVC fittings would increase substantially with the addition of new injection molding machines. In addition, the installation of a new extrude line would increase production of pipes significantly.

I am quite enthusiastic about the future prospects and potential of Gulf Plastic Industries and I look forward to increased growth and development in sales and production. We live in one of the most dynamic regions in the world where the opportunities are tremendous.

We aim to maintain our policy of producing PVC pipes and fittings to the highest international standards while exploring new products that compliment our current range as well as exploring new markets worldwide.

I would like to take this opportunity to express my sincere thanks to all those who have contributed to the growth and development of Gulf Plastic Industries since its establishment, including employees, customers, suppliers, and contractors.

Chairman