13/09/2015 23:22

STREIT Group continues its successsful journey with new initiatives for its phase 3 development plan


Streit Group, one of the world’s leading, privately owned armored vehicle manufacturers successfully completed phase 2 of its Ras Al Khaimah, UAE facility expansion in February 2015 with the opening of a new Transparent Armor Factory capable of producing 600 units of ballistic glass per month, a new Global Distribution Parts Center offering 150,000 square feet of built up area, a bespoke Research and Development Facility and a purpose built International Training Centre. With continuous improvements and expansion, Streit Group expanded its laser cutting facility with the acquisition of 12 new laser machines featuring revolutionized fiber optic technology and computerized laser guided cutting allowing over 40% increase in production capacity to keep pace with the expansion of Streit’s newest 6×6 and 8×8 Armored Personnel Carrier (APC) range.

In the 2nd half of 2015, Streit Group is confidently starting its phase 3 Armoring Technology Park Development. Streit aims to create a union with multiple third party manufacturers in order to share technology, innovation, R&D, logistics and talent. Streit group’s main focus is to partner with local and international suppliers and manufacturers to be more innovative and cost effective; bringing its world class quality to the next level. With more shared experience, Streit will develop more customer focused products that draw from a huge expertise pool from around the world; enabling the group to be more competitive in its pursuit of excellence. This co- operation will include partnerships with Hi Tech companies; electrical and mechanical engineering companies as well as joint collaboration on R&D with innovative startup companies focused on the core of our business – protection and innovation.

“Our vision is to contribute significantly to the regions defence innovation capabilities by creating and positioning the UAE as a center of excellence and trade: a new hub for talents. Our international defense and security training center is a key step in increasing local and international co-operation including internship programs linked to world renowned educational institutes. This is a major and meaningful investment for us.” SN Hawkesford Fletcher, CEO Streit Group.

“We are proud to see the completion of phase 2 and to now break new ground with our Phase 3 plans. We look forward to bringing STREIT to the next level in H2 having achieved our targets in terms of production, delivery and revenue for H1. As we keep meeting and exceeding our goals, we are able to keep on expanding our business, constantly identifying new areas of development for the group; one example is the recent opening of ARES bespoke luxury vehicle showroom in Piccadilly – London which will be followed by the second showroom planned to open in Dubai on Sheikh Zayed Road by end of Q4, 2015. It will establish a new route towards the luxury sector with armored cars being personalized in terms of design, performance and protection. Following a recent meeting with our board members, we are confident in terms of market growth and new market development with the upcoming office in Singapore – Asia on September 1st 2015.” Guerman Goutorov, Chairman Streit Group.

“Our success comes down to our growing team. We proudly arranged for the first time in the company history one month leave for our employees and organized daily celebrations during the holy month of Ramadan. We have also implemented the Ramadan calendar with shorten hours for our employees following Middle East law.” Guerman Goutorov.