Apr 04 2011
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RAK Ruler inaugurates USD 70 million SeAH Steel UAE LLC plant
SeAH Steel UAE LLC, a joint venture between SeAH Steel Corporation, a leading steel pipe manufacturer from South Korea, and Ras Al Khaimah Investment Authority (RAKIA) , has a capacity to manufacture 150,000 tonnes of high quality steel pipes annually. The factory has a 3-Roll Bending and JCO type mill line to produce steel pipes for oil and natural gas transportation as well as for the construction sector.
The inaugural function took place in the distinguished presence of H.H. Sheikh Mohammed bin Saud bin Saqr Al Qasimi, Crown Prince of Ras Al Khaimah, Kwon Tae-kyun, South Korea's Ambassador to the UAE, Woon Hyung Lee, Chairman and CEO of SeAH Steel Corporation, and other senior company officials.
Howard Lee, President and CEO of SeAH Steel Corporation, said,"The excellent geographical location of the UAE and the huge pipe demand in the country were the dominant factors that led to our decision to set up SeAH Steel UAE LLC."
Howard Lee added that SeAH Steel Corporation has emerged as the industry leader with a cumulative capacity of 20 million tonnes in 2010. The company currently manages ten overseas affiliates and has representative offices in US, Japan, China and Vietnam.
Sheikh Abdullah bin Humaid bin Abdullah Al Qasimi, Director of the Office of the Ruler of Ras Al Khaimah, heads of government departments and senior officials of RAKIA were present at the function.
- Ends -
K R Rajeev
Media and Communications Office
Government of Ras Al Khaimah
Tel: 00971 7 2289421
Fax: 00971 7 2270426
© Press Release 2011
© Copyright Zawya. All Rights Reserved.
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