Ducab launches new aluminium arm
HH Sheikh Hamed bin Zayed Al Nahyan, chairman of the Abu Dhabi Crown Prince’s Court, inaugurated the facility in Khalifa Industrial Zone
UAE-based cable manufacturer Ducab has launched Ducab Aluminium Company (DAC) in the Khalifa Industrial Zone, Abu Dhabi (KIZAD), in a joint venture with industrial holding company, Senaat.
The new company is the result of an AED 220mn ($60mn) investment between both groups and seeks to strengthen the nation’s industrial supply chain.
HH Sheikh Hamed Bin Zayed Al Nahyan inaugurated the facility, adding that the industry has become a significant pillar of the UAE national economy.
The new company will cooperate with Emirates Global Aluminium (EGA) to supply the new manufacturer with molten aluminium.
DAC will manufacture 50,000 metric tonnes of high quality electrical grade aluminium rod and overhead conductor per annum once it reaches its full capacity supplying to both local and international customers.
Eng. Jamal Salem Al Dhaheri, chairman of Ducab and chief executive officer (CEO) of Senaat, has assumed the role of chairman of DAC.
“The launch of Ducab Aluminium Company extends the UAE’s industrial capabilities and addresses the growing aluminium market globally. DAC has signed a long-term partnership with its neighbour EGA for the supply of molten aluminium to the facility along KIZAD’s “Hot Metal Road,” said Al Dhaheri.
“Moreover, the new company will substitute substantial imports of aluminium rods and overhead lines into the UAE, and help build a competitive edge for ‘Made-in-UAE’ industrial products.”
Dr. Ahmad Bin Hassan Al Shaikh, vice chairman of Ducab and DAC Board Member added that the proximity to Port Khalifa is a real advantage for this export orientated business.
“DAC has already signed rod supply contracts to service customers across the GCC, India, Lebanon, North America and select markets in Africa.
“Further expansions are also being planned for Latin America and Europe as DAC targets export sales of over AED 300mn in 2018.”
