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THE ECONOMY - INDUSTRY

Emirates Global Aluminium gross revenue up 30 per cent to US$5.4 billion

Posted on 26/07/2015

Emirates Global Aluminium, the world's fourth-largest maker of the metal, reported a 75 per cent rise in net income last year amid rising aluminium prices and cost cuts. EGA, created by the merger of Dubai Aluminium and Emirates Aluminium, did not specify its net income for last year or 2013. It said, however, that gross revenue rose 30 per cent to US$5.4 billion last year, without giving a corresponding figure for 2013. "Sustained focus on reducing costs resulted in a drop in controllable ...  >>MORE

EGA is Middle East’s first manufacturer certified to ISO 22301:2012 Business Continuity Management Systems

Posted on 07/07/2015

Dubai Aluminium, DUBAL, an operating subsidiary of Emirates Global Aluminium, EGA, is one of the first industrial enterprises in the UAE to develop and implement a full Crisis and Business Continuity Management System, and in January 2015 became the first manufacturing company in the Middle East to achieve certification to the ISO 22301:2012 Business Continuity Management Systems standard by LRQA, Lloyd's Register Quality Assurance Limited. These milestones reflect EGA's commitment to ...  >>MORE

EGA participates in Europe's largest aluminium exhibition

Posted on 30/06/2015

Emirates Global Aluminium, EGA, one of the world's largest primary aluminium producers, successfully strengthened ties with the European market and pro-actively sought opportunities to take advantage of potential growth in the region by participating at GIFA 2015, which took place in Germany earlier this month. Walid Al Attar, Chief Marketing Officer, EGA, explained that the four-yearly trade exhibition was leveraged to showcase EGA's industry leadership, specifically its high quality ...  >>MORE

GAC, Guinea sign four agreements on infrastructure development projects in the region of Boke

Posted on 29/06/2015

Guinea Alumina Corporation SA (GAC), a mining development company wholly owned by Emirates Global Aluminium PJSC (EGA), signed a series of four agreements in Paris, France, with the Government of the Republic of Guinea (GoG) – the latter represented by the Ministry of Mines and Geology and the National Agency for Development of Mining Infrastructures (ANAIM). Also present and party to the agreements were Compagnie des Bauxites de Guinee (CBG) and Compagnie de Bauxite et Alumina de Dian-Dian ...  >>MORE

EGA positions itself for future growth

Posted on 12/06/2015

Emirates Global Aluminium, EGA, yesterday announced a strategic restructuring initiative designed to create a leaner support model for its expanding operations in the UAE and around the world. The move builds on the integration of EGA's operations across the UAE and takes place as the group accelerates its programme of growth and investment across the value chain, including the development of a bauxite export mine in Guinea and the initial stages of construction of a new state-of-the-art ...  >>MORE

Borouge and Borealis announce opening of a dual-branded sales office in Morocco

Posted on 28/05/2015

Borouge and Borealis have announced the opening of a dual-branded sales office in Casablanca, Morocco. Borouge and Borealis, leading providers of innovative, value-creating plastics solutions, through the new venture, aim to boost cooperation between the two parties. In its statement on the occasion, Borouge said the new office aims to meet the growing demand for polyolefins and better serve customers in the promising North African market, in particular in the area of energy and ...  >>MORE

Emirates Global Aluminium to spend US$5bn boosting capacity

Posted on 26/05/2015

State-owned Emirates Global Aluminium (EGA) is spending US$5.2 billion to boost capacity at its smelter in Dubai and build an alumina refinery in Abu Dhabi, a company executive said yesterday. EGA, the world's fifth-largest aluminium producer, was formed last year with the merger of Abu Dhabi's Emirates Aluminium (Emal) and Dubai Aluminium (Dubal). EGA is adding about 40,000 tonnes per annum to the 1 million tonnes per annum smelter at Dubal due for start-up in 2017 and it is building a 2.2 ...  >>MORE

UAE is No. 1 aluminium supplier to Japan in GCC

Posted on 18/05/2015

The UAE ranked top among Gulf countries for aluminium supply to Japan in 2014 and also got the second position after Saudi Arabia for total trade with the Asian country. Japan's import of aluminium from GCC countries surged by 44.77 per cent to $1.1 billion in 2014 compared to $756.88 million in the previous year. Most of the additional supply came from the UAE, from where imports grew by 41.37 per cent in 2014. The UAE was the fourth-largest supplier in the world with a share of 8.28 per ...  >>MORE

UAE one of leading aluminium exporters

Posted on 15/04/2015

Global aluminium manufacturers are cashing in on the burgeoning UAE's real estate market, which continues to register a remarkable growth in the country, especially in the emirate of Dubai. Several leading global aluminium producers say they see the UAE as a positive start to set up their respective businesses and cater to the rest of the Middle East construction market with Dubai as their transit hub. Their presence in the region is evident at the Aluminium Middle East exhibition taking ...  >>MORE

UAE's Ducab wins US$12m for the Venetian Resort in Macao, Hong Kong

Posted on 13/04/2015

Ducab, the Middle East's leading manufacturer of high quality cables and cabling products, has announced a new customer - the Venetian Resort, owned by the Sands Group in Macao, Hong Kong. Representatives from the Sands Group visited Ducab facilities and placed an order for more than US$12 million worth of cables for the extension project of the Venetian. The project was won by Ducab's Hong Kong representative, Polygon Cable Supplies Ltd., and Ducab has been contracted to supply the project's ...  >>MORE

RAK Ceramics sells interest in RAK Laticeret

Posted on 09/04/2015

RAK Ceramics, a global hi-tech leader of lifestyle ceramics solutions, announced yesterday that it has successfully completed sale of its 51% share in RAK Laticrete to Laticrete International for Dh48.1 million, after executing the initial MoU between the two companies. The transaction also includes the distribution of dividends for an additional amount of Dh8.6 million. Total gross proceeds from the sale transaction will be Dh56.7 million. The proceeds will be used to expand high margin ...  >>MORE

Rak Ceramics makes a splash in Sao Paolo at Revestir 2015

Posted on 31/03/2015

RAK Ceramics, a global hi-tech manufacturer of lifestyle ceramics solutions with a turnover of one billion US$, announced its first ever participation at Expo Revestir, the biggest tile and stone exhibition in Latin America and the fourth largest exhibition in the industry globally. The exhibition took place earlier this month in Sao Paolo and attracted 45,000 visitors from top industry leaders, including architects, interior designers, retailers, builders and international buyers. RAK ...  >>MORE

Senaat to invest Dh5 billion in developing industrial projects over next 2 years

Posted on 02/03/2015

Senaat, one of the UAE's largest industrial holding companies, is planning to invest Dh5 billion on further expanding its portfolio of industrial projects over the next two years. Over the past five years, Senaat has invested over Dh16 billion developing the metals sector. The announcement was made by Husain Jasim Al Nowais, Senaat's Chairman, when he spoke at the Global Financial Markets Forum, the high-profile annual conference organised by the National Bank of Abu Dhabi (NBAD). Al Nowais ...  >>MORE

EGA targets future global aluminium demand at us symposium

Posted on 26/01/2015

The strength of Emirates Global Aluminium (EGA) in being able to meet future primary global aluminium demand was highlighted during the Platts Aluminium Symposium 2015, which was staged in Scottsdale, Arizona between 18-20 January. Speaking at the symposium, of which EGA was one of the sponsors, Adel Abubakar (Managing Director of DUBAL America Inc.) told delegates how statistics show the Americas and Asia - both key EGA markets - will provide the major sources of growth in primary aluminium ...  >>MORE

Tabreed’s 2014 full year net profit increases 20% to Dh326 million

Posted on 23/01/2015

National Central Cooling Company, Tabreed, yesterday released its 2014 audited full year financial results. In addition to connecting over 118,000 tons of cooling, RT, to customers, the company's strong performance was bolstered by major milestones reached in its home market of the UAE and across the GCC region. Waleed Al Mokarrab Al Muhairi, Tabreed's Chairman, said, "2014 represented the strongest year in Tabreed's history, with group net profit increasing by 20 per cent to approximately ...  >>MORE

UAE is region’s third largest crude steel producer

Posted on 13/01/2015

The UAE has produced 2.1 million tonnes of crude steel in the first 11 months of 2014, making it the region's third largest producer, recent figures released by the World Steel Association have revealed. This was highlighted on the third day of the Metal Middle East, Tube Arabia, and Arabia Essen Welding and Cutting (AEWC), the region's trio of exhibitions for metal, pipes and welding industries. The exhibitions generated multi-million dollar deals in sale of machineries on the third day, with ...  >>MORE

RAK Ceramics Bangladesh to sell RAK Pharma

Posted on 29/12/2014

RAK Ceramics Bangladesh has announced that it is selling RAK Pharma, its pharmaceutical interest. The world's largest ceramics manufacturer is offloading the asset in line with its pre-announced strategy to focus more on its core business of ceramics production. RAK Ceramics Bangladesh currently has a 55 per cent stake in RAK Pharma. The board of RAK Ceramics Bangladesh has approved the offer of to acquire 77.5 per cent of the shares of RAK Pharma for US$9.5m. The company is selling its entire ...  >>MORE

RAK Ceramics to sell its business in Sudan

Posted on 27/12/2014

RAK Ceramics, one of the world's biggest ceramics manufacturers, on Thursday said it would sell its business in Sudan and use the cash raised to expand its sanitary ware production capacity in the UAE. "The proposed sale is expected to be completed by 31 March 2015 and it is expected that RAK Ceramics will receive its entire proceeds in cash upon disposal of the shares. The company received an initial non-refundable cash deposit from the prospective buyers. Upon completion RAK Ceramics would ...  >>MORE

Ducab Aluminium begins construction of new facility in Kizad

Posted on 23/12/2014

Abu Dhabi Ports Company, ADPC, has announced that Ducab Aluminium Company has broken ground for its new aluminium rod and conductor facility at Kizad. After signing a lease agreement with ADPC in May this year, Ducab Aluminium has now laid the foundations for the start of construction of its manufacturing facility, which is set to open in Q4 2015. With a total investment of Dh220 million, the facility will be built on a 50,732-sq.m. plot of land nearby the Kizad anchor tenant Emirate's ...  >>MORE

Steel companies in Jafza Free Zone record over 20 percent growth in 2013

Posted on 28/11/2014

The steel industry in Jebel Ali Free Zone, Jafza, has seen a robust growth of over 20 percent in 2013, which is more than the rate of industry growth in the U.A.E.. Steel manufacturers and traders in the Free Zone expect the growth momentum to pick-up further in the current fiscal year. The upswing comes on the back of rapid economic development in the region and fast revival of real estate and infrastructure projects in Dubai and other parts of the U.A.E.. Ibrahim Mohamed Al Janahi, Deputy ...  >>MORE

DIP boosts U.A.E.’s industrial boom - attracts over 3,500 companies

Posted on 20/10/2014

Dubai Investments Park, DIP, has continued to play a pivotal role in U.A.E.'s industrial and manufacturing boom by attracting over 3,500 companies across a wide array of sectors over the last 17 years. Omar Al Mesmar, General Manager of DIP, said, "Dubai Investments Park has pioneered the model of community development with its bustling business and residential concepts as also staff accommodation. DIP was conceptualised with a mission to bring new businesses and industries in a ...  >>MORE

EGA shines at Ideas.America awards

Posted on 13/10/2014

Emirates Global Aluminium (EGA), a jointly-held, equal-ownership company formed by Mubadala Development Company of Abu Dhabi and the Investment Corporation of Dubai, has won five awards – including two Gold awards – at the Ideas.America International Competition, held last month in Colorado, U.S.A. All five of company's shortlisted suggestions in the competition, which came from its highly-successful employee suggestion scheme, won awards. Although this is the first time EGA took part as a ...  >>MORE

U.A.E. is self-sufficient in tissue production through 3 Abu Dhabi mills: Paper Arabia 2014

Posted on 23/09/2014

The per capita consumption of tissue in the U.A.E. in 2013 was 12 kg, as opposed to 4.5 kg in China, 24 kg in the U.S.A. and 16 kg in Western Europe, according to industry officials. The statistics were released on the side-lines of Paper Arabia 2014, the first-of-its-kind industry expo, which was opened yesterday at the Dubai International Exhibition and Convention Centre by Buti Saeed Al Ghandi, Chairman of the Board of Directors, Emirates Investment and Development PSC, U.A.E., and Managing ...  >>MORE

Emirates Float Glass new facility enhances automotive glass production capabilities

Posted on 19/09/2014

Emirates Float Glass [EFG], a subsidiary of Dubai Investments PJSC and the first state-of-the-art integrated float glass facility in the U.A.E., has successfully commissioned a new facility aimed at enhancing its production capabilities to cater to the automotive glass sector. The new offline facility, representing investments of over Dh 10 million, is equipped with the most modern machinery from Europe, and comes with a completely automated programming and production line, with limited human ...  >>MORE

Emirates Steel unfolds new branded products

Posted on 20/08/2014

U.A.E.'s largest steelmaker Emirates Steel has set the stage to further expand its global presence and add more value-added steels to its product basket. With better demand prospects and mega expansion plans in the pipeline within the Middle East region, Emirates Steel – the U.A.E.'s only integrated steel producer of long products – told the media in a press release that it is now sharpening its focus on high-margin, high-strength value-added products (VAPs). In an environment of low capacity ...  >>MORE

U.A.E. textile industry is the largest trading sector after oil : expert

Posted on 14/08/2014

The U.A.E. textile industry is not only the country's largest trading sector after oil but it is also one of biggest employment providers in the industrial sector, according to a U.A.E. economic and trade expert. The textile industry occupies an important place in the U.A.E. economy as a whole because of its contribution to the industrial output, employment generation and foreign exchange earnings, said Midhat M. Abu Ghazaleh, CEO, Abughazaleh Trading Company. He added that U.A.E.'s textile ...  >>MORE

RAK Ceramics’ core focus pays off

Posted on 11/08/2014

With its home market providing a substantial growth platform, RAK Ceramics posted a 9 per cent year-on-year increase in net profits to Dh149.9 million for the first six months of the year. But revenues took a dip, by 4.4 per cent, to Dh1.66 billion during the same period, which a top official said was a consequence of the company's strategy to focus exclusively on core business lines and reduce exposure on non-core ones such as its real estate interests. Revenue growth in the U.A.E. was up 22 ...  >>MORE

Ducab selected for expansion project at Holy Site in Mecca

Posted on 27/06/2014

Ducab, the Middle East s leading manufacturer of high quality cables and cabling products, has been selected to supply cables and accessories to the Saudi Arabian authorities responsible for the expansion and enhancement of the Mataf area beside Al Masjed Al Haram, within the Holy Site at Mecca. The expansion project aims to strengthen the infrastructure and increase capacity in this area from 50,000 pilgrims per hour to 130,000 pilgrims per hour. Assuring safety for millions of pilgrims ...  >>MORE

More industry milestones as EMAL completes start-up of new potline

Posted on 24/06/2014

The success earned by Emirates Aluminium PJSC ("EMAL") for setting industry benchmarks has been further entrenched this week, marked by the start-up of the last cell in the new 444-cell potline built during the EMAL Phase II project and designed to expand the smelter s production capacity by 520,000 tonnes per year. Not only is the new potline (Potline 3) the longest in the global aluminium industry, at 1.7 km; but also the highest-ever start-up rate across the Gulf Cooperation Council ("GCC") ...  >>MORE

U.A.E. aluminum, petrochemicals exports to African non-Arab countries cover 1.8 percent of demand in 2012

Posted on 24/06/2014

U.A.E aluminum and petrochemicals exports to African non -Arab countries in 2012 stood at US$6.5 billion, accounting for only 1.8 percent of their total imports which stood at US$352 billion in the same year, according to a recent study released by a U.A.E. ministry. Five African countries received 61 percent, or US$3.9 billion, of U.A.E.'s total aluminum and petrochemical exports to the continent, with South Africa at the top of the list with US$1.08 billion, followed by Nigeria with US$1.03 ...  >>MORE

EGA ready to service growing European demand for aluminium

Posted on 22/06/2014

The U.A.E. s reputation as an emerging giant in the global aluminium industry, and a key supplier to European markets, has been enhanced by the attendance of Emirates Global Aluminium PJSC (EGA) at the 10th Metef International Aluminium Exhibition (Metef 2014), which was held in recently Verona, Italy. A jointly-owned aluminium conglomerate formed by Mubadala Development Corporation of Abu Dhabi and Investment Corporation of Dubai through combining their aluminium industry assets, EGA score ...  >>MORE

Emirates Steel secures US$1.3 billion credit facilities

Posted on 10/06/2014

Abu Dhabi based Emirates Steel, a Senaat company, yesterday announced that it has secured new credit facilities of US$ 1.3 billion (almost Dh 5 billion) with 19 local and international banks without government guarantees. The transaction reflects Emirates Steel s coming of age and echoes the trust local and international banks have for the quality steelmaker. Commenting on the deal, the Chairman of Emirates Steel and Senaat, Hussain J Al Nowais, said, "The facilities will be used to refinance ...  >>MORE

EGA looks to raise profile in European markets

Posted on 10/06/2014

Emirates Global Aluminium PJSC, EGA, will be showcasing the growing value of the U.A.E. s aluminium industry to the European market with a strong presence at the 10th Metef International Aluminium Exhibition, Metef 2014, being held in Verona, Italy from 11th to 13th June. The biennial exhibition is among the major aluminium industry events in the region. This year will mark the first attendance as a single entity for EGA, the jointly-owned aluminium conglomerate formed by Mubadala Development ...  >>MORE

DUBAL wins Gold ASQ Quality and Team Excellence Award

Posted on 30/05/2014

The corporate culture of employee-driven innovation at Dubai Aluminium PJSC, DUBAL, has earned the UAE-based aluminium producer a Gold Award in the 2013-2014 American Society for Quality ("ASQ") International Team Excellence Awards ("ITEA"). The award, presented during the ASQ's World Conference on Quality and Improvement earlier this month, is the first time that any company from the UAE and the greater MENA region has been selected as a finalist in the ASQ ITEA competition. The winning DUBAL ...  >>MORE

Ducab Aluminium sets up Dh220 million manufacturing facility in Kizad

Posted on 29/05/2014

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 Dh220 million for buildings, machinery and infrastructure. The plant will be Ducab's sixth in the UAE, alongside its three facilities in Mussaffah and two in Dubai. Ducab also owns ...  >>MORE

Sales of Julphar grow by 19 per cent in 1st quarter of 2014

Posted on 13/05/2014

Julphar (Gulf Pharmaceutical Industries) registered sales revenue of Dh 393.5 million in the first quarter of the year 2014, up 19.2% year-on-year (YoY). Sales during the quarter, ended March 31, were driven by private market sales which saw a YoY growth of 14.3%. The company continued to show strong operational performance during the period. Gross Profit during the quarter was Dh237.1 million, up 18.3% YoY. Profit for the quarter was Dh70.1 million, up 12.0% YoY. In a step that reflected ...  >>MORE

Empower inks deal with TECOM Investments to provide 120,000 RT district cooling services

Posted on 12/05/2014

Empower, a district cooling services provider, is set to provide 120,000 Refrigeration Tonnes, RT, district cooling services for TECOM Investments' Dubai Design District (d3) project, it was announced yesterday. The total value of the project is estimated at Dh 750 million, and will be financed through Empower revenues. d3's district cooling network will be implemented in several phases, the first of which is expected to begin in the fourth quarter of this year, with a capacity of 10,000 RT. ...  >>MORE

More 'Made in UAE' products on store shelves

Posted on 08/05/2014

The UAE's Ministry of Finance (MoF) discussed with other government entities the mechanisms to prioritise buying locally manufactured products, in order to boost the local economy and generate more employment opportunities. At the second brainstorming session organised by MoF in Dubai, with government entities on financial and economic integration of the GCC countries, they debated, among other issues, giving preference to domestic products in government procurements. The participants also ...  >>MORE

Emirates Steel moves into sheet pile production

Posted on 29/04/2014

Abu Dhabi-based Emirates Steel has expanded its product range to include sheet pile materials, high value-added products that the UAE's only integrated steelmaker has been developing over the past two years. With this product launch, the Senaat-owned company becomes the only steel manufacturer in the Middle East to develop and sell such materials. Saeed G Al Romaithi, CEO of Emirates Steel, commented, "To meet the requirements of our customers and to further expand our product range, we are ...  >>MORE

Borouge and Borealis offer global innovative plastics solutions for Volkswagen Golf A7 cars

Posted on 25/04/2014

Borouge and Borealis, leading providers of innovative, value creating plastics solutions, offer polyolefin-based material solutions to help meet the strategic challenges faced by original equipment manufacturers (OEMs) and Tier One suppliers in the automotive industry. The success of the Volkswagen Golf A7 cars best exemplifies the long term global partnership between Borouge, Borealis and the Volkswagen Group. Borouge supplies dedicated material solutions for components in the China-made Golf ...  >>MORE

Emirates Global Aluminium officially incorporated, will rank in top tier of leading producers worldwide

Posted on 08/04/2014

Mubadala Development Company of Abu Dhabi and the Investment Corporation of Dubai yesterday announced the official incorporation of Emirates Global Aluminium (EGA), the jointly-owned, Abu Dhabi based aluminium champion, formed by integrating the two shareholders' respective aluminium interests. The company will be managed by a board of directors that will be chaired by Khaldoon Khalifa Al Mubarak, while Saeed Mohammed Ahmed Al Tayer will become its vice-chair. The board will also include Dr. ...  >>MORE

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Quick List

Emirates Global Aluminium gross revenue up 30 per cent to US$5.4 billion


EGA is Middle East’s first manufacturer certified to ISO 22301:2012 Business Continuity Management Systems


EGA participates in Europe's largest aluminium exhibition


GAC, Guinea sign four agreements on infrastructure development projects in the region of Boke


EGA positions itself for future growth


Borouge and Borealis announce opening of a dual-branded sales office in Morocco


Emirates Global Aluminium to spend US$5bn boosting capacity


UAE is No. 1 aluminium supplier to Japan in GCC


UAE one of leading aluminium exporters


UAE's Ducab wins US$12m for the Venetian Resort in Macao, Hong Kong


RAK Ceramics sells interest in RAK Laticeret


Rak Ceramics makes a splash in Sao Paolo at Revestir 2015


Senaat to invest Dh5 billion in developing industrial projects over next 2 years


EGA targets future global aluminium demand at us symposium


Tabreed’s 2014 full year net profit increases 20% to Dh326 million


UAE is region’s third largest crude steel producer


RAK Ceramics Bangladesh to sell RAK Pharma


RAK Ceramics to sell its business in Sudan


Ducab Aluminium begins construction of new facility in Kizad


Steel companies in Jafza Free Zone record over 20 percent growth in 2013


DIP boosts U.A.E.’s industrial boom - attracts over 3,500 companies


EGA shines at Ideas.America awards


U.A.E. is self-sufficient in tissue production through 3 Abu Dhabi mills: Paper Arabia 2014


Emirates Float Glass new facility enhances automotive glass production capabilities


Emirates Steel unfolds new branded products


U.A.E. textile industry is the largest trading sector after oil : expert


RAK Ceramics’ core focus pays off


Ducab selected for expansion project at Holy Site in Mecca


More industry milestones as EMAL completes start-up of new potline


U.A.E. aluminum, petrochemicals exports to African non-Arab countries cover 1.8 percent of demand in 2012


EGA ready to service growing European demand for aluminium


Emirates Steel secures US$1.3 billion credit facilities


EGA looks to raise profile in European markets


DUBAL wins Gold ASQ Quality and Team Excellence Award


Ducab Aluminium sets up Dh220 million manufacturing facility in Kizad


Sales of Julphar grow by 19 per cent in 1st quarter of 2014


Empower inks deal with TECOM Investments to provide 120,000 RT district cooling services


More 'Made in UAE' products on store shelves


Emirates Steel moves into sheet pile production


Borouge and Borealis offer global innovative plastics solutions for Volkswagen Golf A7 cars


Emirates Global Aluminium officially incorporated, will rank in top tier of leading producers worldwide