Khalifa Industrial Zone Abu Dhabi, Kizad, and Ducab Aluminium, provider of cable and wire solutions, recently signed a Musataha agreement which secured Ducab Aluminium a 546,070 square foot plot of land in Kizad’s aluminium cluster.
The plot of land will be used to set up a manufacturing plant with an investment of AED220 million for buildings, machinery and infrastructure. The plant will be Ducab’s sixth in the U.A.E., alongside its three facilities in Musaffah and two in Dubai. Ducab also owns AEI Cables in the U.K., which was purchased earlier this year.
Ducab’s facility in Kizad is planned to be operational by 2015. This was announced at the signing ceremony attended by Khaled Salmeen, CEO of Kizad, and Jamal Salem Al Dhaheri, Ducab’s Chairman.
It will focus on the production of aluminium rods and conductors for overhead transmission lines, and will supply mainly the cable manufacturing industry and utility sectors.
“With Ducab, we have won yet another strong business partner in Kizad, which currently counts 54 national and international high profile investors,” said Mr. Salmeen at the signing ceremony.
“Ducab’s manufacturing facility will integrate perfectly into our aluminium cluster and function as a downstream producer next to Emirates Aluminium (EMAL), one of the world’s largest single-site aluminium smelters and Kizad’s anchor tenant in the cluster,” he added.
“Kizad has emerged as an exponentially growing industrial zone recently. Being in Kizad offers Ducab a unique opportunity to communicate with other industries, identify future growing opportunities and enhance its efficiency in terms of logistics and manufacturing. Additionally, proximity to EMAL for molten metal supplies is one of the most critical reasons, as is proximity to Khalifa Port for an unparalleled logistics infrastructure,” explained Mr. Al Dhaheri.
“We are currently exporting copper rods, cables and wires to clients in the GCC and MENA region, as well as to clients on the Indian Subcontinent, in Africa and Europe. Being located in Kizad will further enhance our logistics infrastructure and market access,” he added.
Source : WAM News Agency for United Arab Emirates