Khalifa Industrial Zone Abu Dhabi (Kizad) and cable wire provider Ducab have signed an agreement for US$59mn to set up a manufacturing plant in the UAE
According to the agreement, Ducab Aluminium has secured 50,732 sq metres of land in Kizad?s aluminium cluster to set up the plant.
In a statement, Kizad said the plant would focus on the production of aluminium rods and conductors for overhead transmission lines and supply to the cable manufacturing and utility sectors.
This is Ducab?s sixth plant in UAE ? it owns three facilities in Musaffah and two in Dubai. The plant is expected to be functional by 2015.
Engineer Jamal Salem Al Dhaheri, CEO of Kizad, said, ?With Ducab, we have won yet another strong business partner in Kizad, which currently counts 54 national and international high profile investors. 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.?
Ducab said it will be using Kizad?s Hot Metal Road ? specifically designed to transport hot molten aluminium from EMAL to its nearby mid and downstream producers.
Being located in Kizad is an advantage for the new manufacturing facility as it is one of the fastest growing economic zones. Additionally, proximity to EMAL for molten metal supplies and Khalifa Port for logistics infrastructure only makes it simpler for the authorities, noted 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 enhance our logistics infrastructure and market access,? added Al Dhaheri.
