Metals

Zamil demonstrates its capabilities

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Zamil Steel Industries has demonstrated the advanced capabilities of its new steel plates rolling machine by performing a cold rolled bending of steel plates of 180mm thickness.

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Emirates Steel Industries in US$1.1bn finance deal

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Al Khalij commercial Bank (Al Khaliji) Q.S.C and its subsidiary, Al Khaliji France S.A have announced their participation in a US$1.1bn, seven-year financing deal for Abu Dhabi's Emirates Steel Industries (ESI).

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Cable manufacturing plant earmarked for Libya

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Egyptian group, El Sewedy Cables, has reportedly revealed it is due to set up a US$50m cable manufacturing plant in Libya by the end of 2011.

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Investing in aluminium

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The region's oil producers are set to pump nearly US$22 billion into new aluminium projects and expansion of existing smelters in the next five years as part of an ongoing industrial drive to move away from reliance on oil exports, reports Emirates 24/7.

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Emirates Steel agrees project financing and increases production

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Emirates Steel, the largest integrated steel producer in the UAE and a strategic steel player in the Middle East steel industry, recently signed a US$1.1bn, seven-year project financing agreement with a consortium of seven conventional banks and two Islamic finance institutions.

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