An AED 300 million cold rolling and galvanising complex is being setup at the ICAD Musaffah Abu Dhabi. The first such facility in the UAE, the project is designed to produce 350,000 tonnes of Hot Rolled, Pickled & Oiled steel products of which 50,000 tonnes would be saleable Cold Rolled Full Hard and 200,000 tonnes Galvanised material and the balance HRPO.
To meet the tough and stringent requirements of discerning builders, developers and fabricators, the facility will incorporate state-of-the-art technology leveraging the advances and developments in the production process of high quality construction steel from across the world.
The complex is aimed at meeting the ever growing appetite of the region's booming construction and industrial sectors and the finished products rolling out will carry the prestigious label - "GCC Certificate of Origin".
The newly formed steel company Al Ghurair iron & Steel LLC (AGIS) is a part of the Majid Saif Al Ghurair Group. The group commands respect and trust not only within the region but also across global markets and is today one of the top business conglomerates in the UAE with interests in retail, manufacturing and various other industrial sectors.
Some of the group companies are Tradeline LLC, Gulf Extrusions (Aluminium), Shuaa Capital, Burjuman Centre and Al Reef Mall, to name a few.
Tradeline LLC, the promoter of the project, is an AED 1.05 billion company, and is among the UAE's leading trading houses and is active in steel trading in GCC, Iran, and the Indian Sub-continent apart from commodity trading, shipping and chartering operations for the last two decades.
The complex is coming up at the 100,000 square metres of industrial land acquired by AGIS at Industrial City of Abu Dhabi (ICAD), Musaffah Abu Dhabi. The manufacturing complex will occupy 50,000 square mtrs of the site and the remaining 50,000 square mtrs will be utilized for roads and the office complex with adequate provisioning for future expansions. Potential customers for the plant's products are expected to be from the construction sector, fabrication units and Oil & Gas sector.
-Ends-
For further clarifications and information, please contact
Mr. Raman Madhok,
Chief Executive Officer,
Tradeline LLC Dubai on 04-2219086 or by
email at ramanmadhok@tradelinellc.ae
© Press Release 2006
