Leading manufacturer to grow its presence in Oman's OMR 139m cables market amidst recent capacity expansions and delivery of new products to the market
Dubai - Dubai Cable Company (Ducab)--one of the leading manufacturers of power cables in the Middle East--says that Oman will be a significant growth market for the company amidst landmark infrastructure developments in Oman and a series of recent Ducab expansions that will allow the company to offer products unmatched by local manufacturers. The company--which recently celebrated its tenth anniversary of operations in Oman--was upbeat after reporting positive talks during this week's Interiors & Buildex 2010 exhibition held in Muscat.
"The biggest beneficiary of this year's budget is going to be the infrastructure sector, whether it is for roads, buildings or engineering fields," says Chew Wah Tan, GM Sales & Marketing at Ducab. "Whatever the project is, new power demands will invariably be part of the solution."
Tan's remarks come at a time when government spending is set to increase by 12% from 2009 to an estimated OMR 7.18 billion ($18.7 billion) in 2010 (reports Construction World). According to Tan, the power cables market alone is estimated at around OMR 139 million ($361 million) for 2010, and is an essential part of all infrastructure development--including the oil and gas sector. It is this sector in particular where Ducab sees the greatest room for growth.
Just last year, Ducab launched a Special Cables Unit that focuses on creating tailor-made cable solutions for industries like oil, gas and petrochemicals (OGP), which require unique products that can withstand extreme conditions. Ducab for instance, is the only manufacturer in the Middle East to produce Ducab FR, the fire-resistant cables range approved by the LPCB; Europe's most stringent approvals board for the cables industry.
The wholly-UAE owned company also grabbed headlines recently in the establishment of the Middle East's first dedicated high voltage factory--Ducab HV--which has begun groundwork on a state-of-the-art factory in Dubai valued at OMR 53 million ($139 million). The HV factory has forecasted annual sales to be around OMR 107 million ($278 million) once fully operational.
"These are the kinds of innovations that will take us forward in Oman," comments Ashish Chaturvedy, Marketing Manager at Ducab. "Coupled with our recent product innovations and capacity expansions, we are now in a position to increase our presence in Oman without altering our current operations in other GCC markets."
Ducab currently has four factories in UAE in addition to sales offices across the GCC in Oman, Qatar, Bahrain and KSA. The company has previously supplied cables to landmark projects in Oman including the Sohar Aluminium Project, Bank Muscat, and the Al Ghubrah 5 MIG Desalination Plant, among others.
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About Ducab
Ducab is jointly owned by the Governments of Dubai and Abu Dhabi (50% each) and has one of the most modern manufacturing units in the region. It occupies an area of 590,000 square meters of land in Jebel Ali, Dubai and nearly 330,000 square meters in Mussafah, Abu Dhabi spread over 2 factories. Today, Ducab produces over 110,000 copper tones equivalent of low voltage, 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, Low Voltage power cables, control & auxiliary, wiring and lead-sheathed cables, Ducab-Smokemaster- Low Smoke and Fume cables, and Ducab-FR (Fire Resistance Cables), cable components and cable accessories, as well as copper rod that Ducab manufacture in their own copper rod plant.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). The cables comply with and are approved to the full British Standard of the Loss Prevention Certificate Board (LPCB) and Lloyd's Register, UK. 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. Ducab was recently honoured with the Mohammed Bin Rashid Business Excellence Award for their achievements in the manufacturing sector; this was at an award ceremony in April 2009 in the presence of H.H Sheikh Mohammed bin Rashid Al Maktoum Vice President, Prime Minister and Ruler of Dubai. Ducab has also won other awards such as the Investment Corporation of Dubai (ICD) Chairman's Award for Outstanding Economic Value Creation in the Industrial Sector.
For more information, please visit: www.ducab.com
For further information please contact:
Daniel Mercado
PR Editor
O2 Public Relations
Tel: +971 02 443-7902
Mob: +971 50 909-5517
Daniel.M@o2pr.net
© Press Release 2011
