Dubai, UAE - Ducab, the leading manufacturer of high-quality power cables in the Middle East, announced its sales results for the first 6 months of 2007 with all time record total sales rising to AED 1.1 billion, an increase of 55 per cent compared to the total sales income of AED 711 million for the first six months of 2006.
Mr. Walter Bailey, MD, Ducab, while commenting on Ducab sales performance for the first half of 2007, remarked "The financial performance of Ducab bears testimony to the phenomenal progress made by the company in 2007. The performance is all the more significant given the increasing competition in the geographical markets in which the company operates." He thanked the company's executive management team and employees for their commitment and dedication towards achieving these results and also the company's customers, agents, and suppliers for the continued support and confidence reposed by them in Ducab.
"The company actively participates in the economic and development activities in UAE and the region while maintaining its vigilant approach and applying sensible management policies. The company's robust business strategies have consistently generated solid growth and the financial results are a reflection of Ducabs's position as the region's leading manufacturer of high-quality power cables in terms of sales and diversity of its products and the quality of services offered. This achievement marks the beginning of a new era for Ducab. We have crossed the psychological AED one billion barrier and are now eager to embrace new challenges" Mr. Bailey added.
Ducab was established in 1979 as the first purpose-built cable manufacturing company in the UAE and is equally owned by the Government of Dubai and Government of Abu Dhabi. Its product range covers High voltage cables upto 132 kV, Ducab Powerplus medium voltage cables (up to 33 kV), low voltage power cables, control and auxiliary cables, wiring and lead-sheathed cables, and Ducab Smokemaster, low smoke and fume zero halogen cables. Ducab is also well known as the distributor of Ducab Connect cable accessories.
Ducab has always emphasized on quality in its organisation and is certified ISO 9001: 2000 Quality Management Standards and ISO 14001 Environment Management Standards.
Ducab has undertaken many developments in the last ten years including the manufacture of Medium Voltage cables in 1998, its new factory in Abu Dhabi that was opened early in 2005, its PVC Compounding facility in Jebel Ali opened during 2006, and its Copper Rod casting plant currently under construction in Musaffah. All of these completed projects were finished on time and within budget. In January 2007 Ducab announced its biggest ever expansion plan at a cost of AED 660 million.
On completion of all of these developments Ducab will continue to be the most advanced power cable company in the region, with facilities that are truly World Class. The company will not stop there and is already considering the next major steps in its growth.
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About Ducab
Ducab is jointly owned by the Governments of Dubai and Abu Dhabi (50% each), has one of the most modern manufacturing units in the region, occupying an area of 590,000 square metres of land in Jebel Ali, Dubai and nearly 200,000 square metres in Mussafah, Abu Dhabi. Today, Ducab produces over 65,000 cubic copper tonnes equivalent of low and medium voltage cables, emerging as the leader and the first choice of prestigious customers in the Middle East. Ducab's product range includes MV cables, LV power cables, wiring cables, control & auxiliary, lead sheathed cables, Ducab Smokemaster (LSF) cables and supplier of Ducab Connect cable accessories.
Ducab is an ISO 9001:2000 certified company for both its factories. The Abu Dhabi factory was recently awarded an ISO 14001 Environmental Management System certificate and an OHSAS 18001 Occupational Health and Safety certificate by BASEC (British Approval Services for Cables). These certifications are the latest in a string of recognitions achieved by the company including a two time winner of Gulf Excellence Award, two time winner of Dubai Quality Award, Gold category 2004 & 1998.
For further information please contact:
Ashish Chaturvedy
Marketing Manager
Ducab
E-mail: achaturvedy@ducab.com
Website: www.ducab.com
Tel: 04 8082500
Lina Husri
PR Executive
O2 Marketing Communications
E-mail: lina.h@o2mc.net
Tel: 050 2803580
© Press Release 2007
