Abu Dhabi, Feb 04th, 2008 (WAM): Emirates Steel Industries (ESI) today signed a contract worth AED 1billion with Italy's Danieli Corporation for the expansion of the ESI steel manufacturing factory located at Abu Dhabi's prestigious industrial city ICAD1.
Once completed the plant will have a total production capacity of three million tons p.a. the current production capacity is two million tons p.a. The agreement was signed by Chairman of Abu Dhabi Crown Prince's Court and Chairman of ZoneCorp Sheikh Hamid bin Zayed Al Nahyan and Gianpetro Benedetti, Chairman and CEO of Danieli Corporation in the presence of a large number of senior officials. Sheikh Hamid stressed the keenness of President His Highness Sheikh Khalifa bin Zayed Al Nahyan in supporting local industries, and said that the ESI will become the largest steel manufacturing company in the entire region.Emirates Steel Industries (ESI), formerly Emirates Iron and Steel Factory (EISF) is wholly owned by government Abu Dhabi. The factory is the largest steel plant in the UAE, utilizing the latest rolling mill technology to produce reinforcing bars for the construction industry.
Established in 2001 to satisfy the growing demand for quality steel products for the UAE's fast developing construction sector, ESI is the only significant domestic supplier of deformed reinforcing steel bars (rebars).Copyright Emirates News Agency (WAM) 2008.
