Following an initial expansion budget of US$25mn, UAE-based steel company Conares is expected to invest up to an additional US$22mn in its manufacturing facility at Jebel Ali Free Zone (Jafza)
Manufacturing
Construction on UAE?s US$272mn steel production unit to begin
UAE?s United Iron & Steel (UIS) has announced that construction on its US$272mn galvanised steel production unit in Abu Dhabi is set to begin by end of April
Hypertherm expands patented True Hole technology
Plasma and waterjet cutting systems manufacturer Hypertherm has announced the expansion of its patented True Hole technology to include more thickness, amperage and consumable options
ABB acquires German robotics company
Power and automation company ABB has acquired Munich-based Gomtec GmBH, in a bid to expand its offering in the field of collaborative robots
Aluminium Bahrain likely to develop sixth production line
Aluminium Bahrain B.S.C (Alba) is likely to develop a sixth production line, with an expected capacity of 400,000 metric tonnes