Tuesday, Mar 24, 2009

Gulf News

Dubai: Ducab, the manufacturer of power cables in the Middle East, on Monday reported a 38 per cent increase in sales to Dh3.3 billion in 2008.

In addition, the cable manufacturing company reported an increase in the production of its power cables and wires from 65,000 metal tonnes in 2007 to 80,000 metal tonnes in 2008.

Ducab's chairman, Ahmad Bin Hassan Al Shaikh, said: "Last year we produced 80,000 metal tonnes of power cables and wires in our three factories in the UAE.

This result is 23 per cent higher than 2007 and is due to the strong regional demand coupled by our ability to meet the stringent requirements of our customers across the GCC."

The sales increase has been attributed to Ducab's penetration into new markets within the GCC and further afield to Hong Kong, India, Iran and Iraq, while a large number of iconic projects such as Dubai Metro, Dubai Mall and the Burj Tower have been supplied with Ducab cables and wires in 2008.

During 2008 Ducab benefited from investment in capacity expansion as the company launched two new sites - the acquisition of a cable factory and the inauguration of the UAE's first copper rod plant, both in Mussafah, Abu Dhabi.

Commenting on future plans, Ducab's managing director, Andrew Shaw said, "Being one of the leading manufacturing establishments in the UAE, Ducab takes its role in developing the leaders and employees of tomorrow very seriously."

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Ducab is jointly owned by the governments of Dubai and Abu Dhabi (50 per cent each) and has one of the most modern manufacturing units in the region.

It occupiesf 590,000 square metres of land in Jebel Ali, Dubai and nearly 420,000 square metres in Mussafah, Abu Dhabi.

Today, Ducab can produce over 110,000 copper tonnes equivalent of low, medium and high voltage cables, emerging as the leader and the first choice of prestigious customers in the Middle East.

Ducab's product range covers high voltage cables up to 132kV, Ducab Powerplus medium voltage cables up to 33kV and many more.

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