Global Surfaces facility in the UAE to benefit from new tariffs imposed by USA

Global Surfaces Ltd., a leading manufacturer of engineered quartz surfaces, is the first and only Indian manufacturers of engineered quartz that has a strategically located state-ofthe-art manufacturing facility in the UAE in its subsidiary, Global Surfaces FZE. This location gives the company a major advantage in terms of location and cost-benefits.

The recently announced revised tariffs by the USA would significantly impact competing manufacturers in Vietnam, China, Malaysia and Thailand, which will face extremely high tariffs, severely impacting their landed cost in the U.S. market. On the other hand, the UAE has one of the lowest reciprocal tariff rates of 10%, providing a clear pricing advantage, making Global Surfaces Ltd one of the most competitively positioned exporter of engineered quartz to the USA.

Global Surfaces is well-prepared to take advantage of the potential increase in demand from the USA market. As competitors will face margin pressure due to higher tariffs, we are well-positioned to absorb the increased demand and expand our market share in the U.S. The company's commitment to innovation and growth is reinforced by its UAE facility, which integrates cutting-edge patented technology, sustainability, and innovation. Additionally, the UAE location serves as a strategic hub for the MENA region, Europe, and the U.S. markets, offering duty efficiency and logistical superiority.

Mr. Mayank Shah, Chairman and Managing Director of Global Surfaces commented: "As the only manufacturer of engineered quartz in the UAE, we are uniquely positioned to take advantage of the newly imposed tariffs by the USA. Our UAE facility, combined with our Indian operations, provides us with a flexible and cost-optimized supply chain, enabling us to deliver premium products at highly competitive prices. We are excited about the future growth opportunities that this shift in the global trade landscape presents to our company and are geared up to take full advantage of the same."

Shares of Global Surfaces Limited was last trading in BSE at Rs. 114.45 as compared to the previous close of Rs. 111.85. The total number of shares traded during the day was 9761 in over 435 trades.

The stock hit an intraday high of Rs. 118.00 and intraday low of 108.45. The net turnover during the day was Rs. 1107483.00.

Source : Equity Bulls

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