Intercoil Announces 22% Growth in 2008

Intercoil Announces 22% Growth in 2008

Intercoil International, Dubai based orthopedic sleep products manufacturer and distributor has reported an increase of 22% in total sales for the year 2008, and a remarkable 50% growth in retail sales. The company likewise announced that it will push through with expanding its business nationwide this year. Recently, two new stores were opened in The Walk -JBR and Al Ain Mall. In addition, Al-Quoz branch was re-opened after renovation, increasing its total retail outlets in the UAE to seven. Catering to the huge demand of Intercoil products across the country, the opening of new stores will ensure that the company can reach out to all its customers in the UAE. The emphasis on eco-friendly approach to manufacturing and therapeutic benefits of sleep has made Intercoil a leading provider of healthy sleep products in the region.

January 25, 2009 12:00 by Aarti Nagraj

Intercoil Announces 22% Growth in 2008

Strategic plan for expanding throughout the region

Intercoil International, Dubai based orthopedic sleep products manufacturer and distributor has reported an increase of 22% in total sales for the year 2008, and a remarkable 50% growth in retail sales. The company likewise announced that it will push through with expanding its business nationwide this year. Recently, two new stores were opened in The Walk –JBR and Al Ain Mall. In addition, Al-Quoz branch was re-opened after renovation, increasing its total retail outlets in the UAE to seven. Catering to the huge demand of Intercoil products across the country, the opening of new stores will ensure that the company can reach out to all its customers in the UAE. The emphasis on eco-friendly approach to manufacturing and therapeutic benefits of sleep has made Intercoil a leading provider of healthy sleep products in the region.

“The strength of our business is evidenced by our innovative and functional products,” said Hassan Al-Hazeem, Managing Director of Intercoil International. “Our customers continuously support us because of affordable prices, superior quality and durability. Intercoil is a strong brand that will survive and do well in spite of the current economic downturn. This is apparent in our track record of sustained rise in sales.”

He further adds “Intercoil has continually practiced high standards of quality through the application of cutting edge manufacturing processes. Quality and customer service are also the two reasons behind the success of our innovative and healing products. We foresee demand for our products to increase. Thus, sales growth shall continue through the first quarter of 2009 and will be fueled by our aggressive expansion plans for the rest of the year”.

Intercoil was incorporated in 1974 and is a member of the International Sleep Products Association (ISPA). Intercoil holds the Guinness World Record for manufacturing the biggest bed in the world and is the only company in the UAE mattress industry accredited with ISO 9001, 14000 and OHSAS 18001.

Apart from the UAE, Intercoil has distribution centers in Oman, Kuwait, Dammam, and Qatar. The company exports its products to the GCC countries, North Africa, and South Asia.

About Intercoil:

Intercoil is one of the pioneers in polyurethane foam manufacturing companies in the Middle East region. Today, Intercoil’s core business is the production and distribution (wholesale, retail, and export) of PU foam, furniture, and orthopaedic sleep products under two brand names, Intercoil & Therapedic. The company exports to all the countries of GCC, North Africa, and South Asia.

For additional information, kindly contact:

Issued on behalf of Intercoil by Landmark PR & Events. For press information, please contact:

Nasry Abou Zaki Shadi Abou Assi

General Manager – Middle East Account Manager

Tel.: +971 4 3912141 Tel.: +971 4 3912547

n.zaki@landmark-pr.com s.abouassi@landmark-pr.com

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