The United Arab Emirates is home to another aluminium concern after Ducab Aluminium Company (DAC) opened operations in Khalifa Industrial Zone Abu Dhabi (Kizad) yesterday.
The firm, which is a AED220-million (US$60 million) joint venture between state-owned UAE cable producing company Dubai Cable Company Pvt. Ltd. and prominent local holding company Senaat General Holding Corporation, is expected to turn out 50 thousand metric tons per annum of electrical-grade aluminium rod and overhead conductor upon reaching full production. The plant will sell to both domestic and overseas clients.
In addition, DAC said in a statement that the firm plans to work in close collaboration with UAE’s biggest aluminium concern, Emirates Global Aluminium.
“DAC cooperates with Emirates Global Aluminium (EGA) to supply the new manufacturer with molten aluminium in a unique collaborative model to promote partnership strategies among national institutions.”
Chairman of Ducab, Chief Executive Officer (CEO) of Senaat, and Chairman of DAC Eng. Jamal Salem Al Dhaheri said the plant will take advantage of the growing global thirst for aluminium.
“DAC has signed a long-term partnership with its neighbour EGA for the supply of molten aluminium to the facility along Kizad’s ‘Hot Metal Road.’ With this special partnership with EGA, we are now positioned to offer tailored products for the electrical supply chain, optimizing local resources in line with the Abu Dhabi Economic Vision 2030. Moreover, the new company will substitute substantial imports of aluminium rods and overhead lines into the UAE, and help build a competitive edge for ‘Made-in-UAE’ industrial products.”
Dr. Ahmad bin Hassan Al Shaikh, Vice-Chairman of Ducab and DAC Board Member, revealed that the firm has already landed several lucrative contracts, with more likely on the way.
“Ducab Aluminium Company marks an important milestone in the UAE aluminium sector and adds to a growing number of downstream ventures in aluminium being developed in Kizad as part of the UAE’s ambitions to further diversify the national economy. Proximity to Port Khalifa is a real advantage for this export-orientated business. DAC has already signed rod supply contracts to service customers across the GCC, India, Lebanon, North America and select markets in Africa. Further expansions are also being planned for Latin America and Europe as DAC targets export sales of over Dh300 million in 2018.”
DAC is expected to augment Ducab’s current activities. Ducab produces aluminium and copper wire in its current stable of five factories for use across several industries.