News dalla rete ITA

30 Gennaio 2018

Emirati Arabi Uniti

DUCAB, SENAAT LAUNCH NEW ALUMINIUM COMPANY IN UAE

Ducab, a leading manufacturer of cabling products, has joined hands with top UAE-based industrial investment holding company, Senaat, to set up a new aluminium company in Khalifa Industrial Zone Abu Dhabi (Kizad).The new entity - Ducab Aluminium Company (DAC) - set up at an investment of Dh220 million ($60 million) aims to boost the UAE’s industrial supply chain in line with the UAE strategy to champion industrial investments.It will manufacture 50,000 metric tonnes of quality electrical grade aluminium rod and overhead conductor per annum once it reaches its full capacity supplying to both local and international customers, said a statement from Senaat.The company was officially inaugurated by Sheikh Hamed bin Zayed al Nahyan, the Chief of the Abu Dhabi Crown Prince’s Court, at a ceremony held in Kizad which was attended by ministers and other senior leaders and executives.The joint venture embodies the efforts to expand the development of the industrial sector in the UAE by embracing the partnership model that combines national industrial sector organizations in Abu Dhabi and Dubai.DAC co-operates with Emirates Global Aluminium (EGA) to supply the new manufacturer with molten aluminium in a unique collaborative model to promote partnership strategies among national institutions.One of the world's leading aluminium producers, Emirates Global Aluminium, has welcomed DAC as the latest company to join the country’s aluminium sector and the aluminium cluster in KizadAlthough EGA’s aluminium is the second biggest ‘made-in-the-UAE’ export, an increasing proportion of its production is sold locally. There are 26 downstream companies in the UAE making products using EGA’s metal, including DAC, said the statement.The UAE aluminium sector as a whole employs some 30,000 people, making it the largest employer amongst the UAE’s energy-intensive industries. (ICE DUBAI)