HH Sheikh Hamed bin Zayed Al Nahyan, chairman of the Abu Dhabi Crown Princes Court, inaugurated Ducab Aluminium Company (DAC) in the Khalifa Industrial Zone of Abu Dhabi (KIZAD).
The facility is a part of a joint venture between Ducab, the UAE-based leading manufacturer of cables and cabling products, and Senaat, one of the largest holding companies in the UAEs industrial sector. The new company is the result of an AED220mn investment that seeks to strengthen the UAEs industrial supply chain in line with the UAE strategy to champion industrial investments.
HH Al Nahyan stressed that industry, with the support of the wise leadership of the UAE government, has become a significant pillar of the UAE national economy, highlighting that economic diversification is essential to maintain the pace of comprehensive development and ensure strong growth in the future.
He also praised the inauguration of Ducab Aluminium Company, wishing the company further prosperity and success while contributing to the development of local industries.
The joint venture embodies the efforts to expand the development of the industrial sector in the UAE by embracing the partnership model that combines national industrial sector organisations in Abu Dhabi and Dubai. 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.
DAC will aim to strengthen the UAEs industrial supply chain in line with the national strategy to enhance industrial investment opportunities across the country. The company will manufacture 50,000 metric tonnes of high-quality electrical grade aluminium rod and overhead conductor per annum once it reaches its full capacity supplying to both local and international customers.
Eng Jamal Salem Al Dhaheri, chairman of Ducab and CEO of Senaat, has assumed the role of chairman of DAC. The launch of DAC extends the UAEs industrial capabilities and addresses the growing aluminium market globally. DAC has signed a long-term partnership with its neighbour EGA for the supply of molten aluminium to the facility along KIZADs ‘Hot Metal Road’. With this special partnership with EGA, we are now positioned to offer tailored products for the electrical supply chain, optimising 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.
The inauguration of DAC reinforces the economic position of Abu Dhabi as the project contributes to the development of its industrial sector and emphasizes the importance of the industrial sector as a pivotal pillar in supporting the Emirate’s economic diversification strategy.
Dr Ahmad Bin Hassan Al Shaikh, vice chairman of Ducab and DAC board member, said: DAC 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 UAEs 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 AED300mn in 2018.
The new DAC facility has been built in KIZAD close to EGA, which will expand the growing opportunity to provide a reliable and sustainable source of production and distribution of high-quality ISO9001 certified aluminium. The proximity of DAC to the EGA plant provides an ideal supply chain link for the company, with molten aluminium being delivered directly from EGAs smelter.
DAC manufactures Electrical Conductive (EC) grade aluminium and aluminium alloy rods, wires, and bare overhead conductors.
With five manufacturing facilities in the UAE including DAC, Ducabs products are currently used in the energy, general construction, oil and gas, industrial, defence, transport, marine, mining, and other specialty industry verticals.