Saturday, Dec 11, 2010
BEIRUT(Zawya Dow Jones)--United Arab Emirates-based Arkan Building Materials Co. Saturday said it plans to set up a lime plant with a capacity of more than 1,000 tons a day in the Arkan Industrial Park in the U.A.E. city of Al Ain.
The construction materials manufacturer, which is 51% owned by the Abu Dhabi government's General Holding Corp., said in a statement that the lime plant is scheduled to start production in 2012.
"The plant will produce high-quality quick lime and hydrated lime using 100% indigenous raw materials and will primarily cater to the growing demand for industrial lime for construction and chemicals industries in the U.A.E. and the wider region," Arkan said. "As an essential chemical, lime--both burnt and hydrated--is used extensively across industries, including in steel, environmental effluents, agro-food, paper and construction. Considering the long-term plan for industrial development in the U.A.E., the demand for lime is only likely to grow further into the future."
Arkan is currently setting up two plants in the U.A.E: a dry mortar plant and a cement factory with an annual capacity of 3.1 million tons of clinker and 4.5 million tons of cement.
Arkan Building shares closed trading Thursday 3.2% higher at AED1.93.
-By Shikrallah Nakhoul, Zawya Dow Jones, +961 1 985757, shikrallah@zawya.com
Copyright (c) 2010 Dow Jones & Co.
(END) Dow Jones Newswires
11-12-10 1318GMT
