| 10 May 2008 |
|
Emirates International Investment Company reveals ambitious AED1.8bn plan to establish six hi-tech cable factories globally
- Text size
The company is to build factories in UAE, KSA, Algeria, Romania and Vietnam
Abu Dhabi 10 May 2008: As part of its strategy to broaden its international presence and develop its business units, the Emirates International Investment Company (EIIC)Emirates International Investment Company (EIIC)
has announced ambitious plans to build six hi-tech factories in the UAE, Kingdom of Saudi Arabia (KSA), Algeria, Romania and Vietnam, at a value of AED1.8billion. EIICEIIC's decision to construct these factories in Kingdom of Saudi Arabia (KSA), Algeria, Romania and Vietnam comes at a time when the region is experiencing a great construction boom. To satisfy market demand, EIICEIIC is estimating production levels of 40,000 tonnes/year of copper and 7,000 tonnes/year of aluminium low, medium and high voltage cables, all of which will adhere to best international standards.
EIICEIIC has already begun construction on two UAE-based factories in Mussafah, Abu Dhabi: the first manufacturing aluminium rods producing 100,000 tonnes/year, and the second manufacturing magnetic wires producing an estimated 25,000 tonnes/year.
-owned Electrocab which is managing the factories, stated that the company plans to boost production of copper cables in its Algeria factory to 60,000 tonnes/year in order to meet demand in the Algerian and North African markets. He confirmed that the KSA, Romania and Vietnam factory blueprints are completed and the sites have already been selected. Mr. Younis insists quality is the priority for EIICEIIC
. "We have secured a team of specialised cable professionals who will ensure top-notch quality management for all our products and that they follow international requirements. First-class machinery has been sourced from Europe's leading suppliers to outfit all of our factories."-Ends-
© Press Release 2008
x
DISCLAIMER
Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
Access to this article is subject to specific terms and condition.
More News in Financial Services
Loading ...Free Newsletter
Get the latest news from Financial Services and other Free newsletters.
Post a Comment
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.