Emirates Aluminium (EMAL) has entered into an agreement with Ducab Aluminium to supply molten aluminium to its new aluminium rod mill in Khalifa Industrial Zone Abu Dhabi (KIZAD)
According to Ducab, the plant will be completed by 2016 and EMAL will supply 100 per cent of its requirements.
The plant will have a production capacity of 50,000 tonnes per annum and will begin with an investment of US$60mn, it said.
Ducab Aluminium said it will produce cables and electrical conductors using the latest technology and production standards and will implement eco-friendly systems.
The new plant will aim to target the GCC and MENA markets, with the possibility of expanding to Europe and the Indian subcontinent.
Jamal Salem Al-Dhaheri, chairman of Ducab, said, ?Ducab Aluminium LLC is delighted to announce this arrangement with EMAL, a world leader in the aluminium industry. This long-term supply agreement is evidence of the strong partnership that we have with EMAL, allowing Ducab Aluminium LLC to develop a complementary downstream industry in both aluminium rod and conductors.
?This initiative reflects the key role that both companies play in supporting the UAE government?s vision of development of nationals and local industry. Ducab will be encouraging national talent to play a deeper role in this project.?
Saeed Fadhel Al-Mazrooei, president and CEO of EMAL, added that a comprehensive development plan is being implemented in the UAE which aims to increase the contribution of the industrial sector to the GDP to about 25 per cent by 2025.
Ducab Aluminium is a joint venture between cable product company Ducab and industrial investment company Senaat.
