Abu Dhabi, Nov 18th, 2007 (WAM) - Emirates International Investment Company (EIIC) has announced the addition of an AED250 million magnet wire factory in Abu Dhabi as part of Electrocab Emarat's latest expansion plan.

This project is part of a plan initiated by EIIC to fulfil the growing demand for the many types of electrical power cables and wires used both locally and globally. As part of this plan, Electrocab's current products are now being marketed to target specific customers.

Omar Younis, General Manager of Electrocab, said, 'The magnet wire factory will be the first-of-its-kind in the Emirate of Abu Dhabi and will satisfy the market requirements for this type of enamelled wire, which will mainly be used for manufacturing industrial electric generators and transformers.'Younis added that the new factory will be built on a 25,000m2 area and is estimated to produce 25,000 tonnes of copper during phase one, indicating that the total production of the factory will increase in subsequent phases.

'We will commence the initial construction phase of the factory before the end of the year and expect it to be finalised by end of 2008. As for go-live date, we hope to complete all the phases by end of 2009, he added.

The new factory will produce three types of magnet wire, round wires insulated with varnish and flat wires insulated with either varnish or paper, in sizes ranging from 0.5mm up to 4.5mm. At the request of customers, this range may include round and flat aluminium wires.

Younis commented that the feasibility study they carried out demonstrates the demand for winding wires both locally and globally, with expectations for growth. He stated that the EIIC has signed contracts with international companies working in this part of the world to supply them with the new factory?s products.

Currently, Electrocab Emarat is producing building wires and electrical power cables in all sizes in copper and aluminum, including low, medium, and high voltage up to 220 kV (kilovolt).

Electrocab's existing factory occupies 105,000m2 in the Industrial City of Abu Dhabi and may produce flexible and instrumentation cables. Current production level is 25,000 tonnes of copper and 7,000 tonnes of aluminium, with an anticipated increase to 40,000 tonnes of copper and 15,000 tonnes of aluminium expected by next year, to meet the demand of Abu Dhabi and the Emirates.