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THE ECONOMY - INDUSTRY

Emal targets export deals in Far East, US markets

Posted on 20/09/2011

Emirates Aluminium (Emal) is securing deals in the US and Far East to export its products, but will continue to honour its commitments in the Middle East despite the political turmoil in some countries, its president and chief executive told Gulf News. "Emal doesn't look at the business model for one or two years, we look at the long term return on investment ... In Syria, we are looking at the situation and we continue to supply customers. Whatever commitment we have we will continue to ...  >>MORE

Investments in UAE industries increased by Dh29.2 billion in 2010

Posted on 19/09/2011

The UAE has recorded strong growth in the industrial sector in 2010, where the industrial investments increased by "Dhs29. 024 billion with an increase of 35.76 per cent. Sultan bin Saeed Al Mansoori, the UAE Minister of Economy said that the Ministry has adopted an effective strategy to develop the performance of the Industrial sector in order to increase its contribution in the GDP by 25 per cent in the coming years. The minister was speaking on the occasion of the issuance of ...  >>MORE

DUBAL and EMAL set to raise sector profile at global forum

Posted on 06/09/2011

The 26th International Aluminium Conference, organised and hosted by Metal Bulletin in Paris, France, from 7 to 9 September 2011 ("MBI 2011"), will be leveraged by Dubai Aluminium Company Limited ("DUBAL") and Emirates Aluminium Company Limited ("EMAL") to promote the UAE's primary aluminium sector within the global industry. This will be achieved on several fronts in addition to a combined stand in the exhibition component alongside the conference, the two companies are the joint Platinum ...  >>MORE

Emirates Steel issues "Invitation to Bid" for its Phase 3 expansion project

Posted on 06/09/2011

Emirates Steel has released the invitation to bid (ITB) for Phase 3 of its expansion project. Launched almost five years ago, the project is in line with Abu Dhabi's visionary "2030 Plan", which aims at reinforcing the industrial sector in the emirate. The plan also targets the establishment of a solid and diverse manufacturing base that will help diversify the emirate's resources and contribute to the nation's income through the development of substantial industrial units, primarily in the ...  >>MORE

EMAL awards US$700m in contracts for its Phase Two expansion

Posted on 16/08/2011

EMAL has awarded contracts worth more than US$700 million as the work begins on making the expansion of the Al Taweelah smelter a reality. Phase Two will almost double production capacity to 1.3 million metric tonnes. It will involve building the world's longest ever smelting line covering 1.7 kilometres and make EMAL one of the world's largest single-site aluminium producers. Saaed Fadhel Al Mazrooei, President and CEO of EMAL, said: "The award of these contracts is an important step ...  >>MORE

UAE's Emal to invest US$4.5 billion in Phase II of smelter

Posted on 25/07/2011

Emirates Aluminium (Emal) has announced that Phase II of its operational plan will go ahead after the company's board of directors approved a US$4.5bn investment, based on the success in reaching full production of the smelter's Phase I. On completion of Phase II, the aluminium smelter's annual capacity will rise to 1.3 million metric tonnes, making Emal one of the largest single-site producers of primary aluminium in the world. Saaed Fadhel Al Mazrooei, President and CEO of EMAL said: ...  >>MORE

Emal creates 2,000 jobs as it plans capacity expansion

Posted on 21/07/2011

Emirates Aluminium (Emal) has created 2,000 jobs that serves a growing clientele base of 280 customers in 36 countries worldwide as it plans to expand production capacity, a top official told Gulf News. Emal uses DX reduction cell technology to produce 750,000 tonnes of aluminium annually with future potential to double output, making it the largest smelter in the world. Saeed Fadhel Al Mazrooei, President and CEO of Emal, said that the US$5.7 billion joint venture between Dubai Aluminium ...  >>MORE

Emirates Steel sets new world daily record

Posted on 06/06/2011

Emirates Steel announced that its 150-tonn Electric Arc Furnace (EAF) of the Phase 1 Steel Making Plant (SMP) has exceeded its design capacity for a furnace of its size, setting a new daily world record of 34 heats from the EAF producing 5197 tons of liquid steel converted into 4,993.8 tonnes of billets through the Continuous Casting Machine (CCM). Emirates Steel is the largest integrated steel manufacturer in the UAE and a subsidiary of the Government-owned General Holding Corporation (GHC). ...  >>MORE

Steel prices down 4.1% in April compared with March 2011

Posted on 05/06/2011

Statistics Centre - Abu Dhabi (SCAD) issued yesterday its monthly report on the prices of building materials for the month of April 2011. The report presents an analysis of the movements in the prices of the various materials used in the construction industry in Abu Dhabi market during April 2011, compared with March 2011 and April 2010. The dissemination of the report, which presents a wide range of price data, will hopefully prove useful to data users in the public and private sectors in ...  >>MORE

EMAL makes downstreaming a reality

Posted on 17/05/2011

Emirates Aluminium (EMAL) has announced signing of two new liquid metal contracts with local companies situated next to the Taweelah based smelter, in the Khalifa Industrial Zone Abu Dhabi (KIZAD). Saeed Fadhel Al Mazrooei, EMAL's President and CEO, said: "This announcement shows that EMAL is a major driver of economic growth through diversification. Growth in the non oil and gas sector is a key element of the UAE's 2030 Vision and EMAL is leading the way in ensuring a sustainable economic ...  >>MORE

DED releases report on reality and prospects of aluminium industry in Abu Dhabi

Posted on 17/05/2011

The Emirate of Abu Dhabi pursues a comprehensive strategy to develop the aluminium industry by focusing on the concept of industrial clusters, and by attracting investment in manufacturing industries, which can depend on the "EMAL" smelter, for provision of required production inputs, such as aluminium alloy, liquefied aluminium, and also benefit from the advantages of competitiveness provided by the industrial zone at the Khalifa Port. The Emirate of Abu Dhabi move towards the aluminium ...  >>MORE

EMAL leads way at regional aluminium event

Posted on 09/05/2011

As the world meets at the Dubai International Convention and Exhibition Centre for the region's leading aluminium exhibition, Emirates Aluminium (EMAL) - as exhibitor and Diamond Sponsor - will showcase itself as the UAE's flagship industrial project. In just three years EMAL has developed into one of the world's largest single site smelters. Reaching full production ahead of schedule on the last day of 2010, EMAL is now on track to produce 750,000 tonnes of quality, reliable aluminium this ...  >>MORE

UAE demand for fabricated aluminium to grow 9 per cent annually

Posted on 05/05/2011

With local projects representing 24 per cent of the entire GCC's building construction activities, the UAE continues to rank among the region's top construction markets. Contracts worth around US$27 million were awarded in 2010, with 2011 expected to see actual building construction spending hitting the US$25 billion mark. The UAE's construction sector is expected to further increase at a compound annual growth rate (CAGR) of 10 per cent to US$21 billion in 2015. Total active building ...  >>MORE

UAE rises in ranks of aluminium majors

Posted on 24/04/2011

Dubai Aluminium (Dubal) and Mubadala Development of Abu Dhabi are already members of a consortium developing a bauxite mine in Guinea, home to the world's largest-known reserves of the base mineral for aluminium. They are also 50-50 partners in the Emirates Aluminium (Emal) project at Al Taweelah, a smelter in Abu Dhabi near the emirate's border with Dubai. The Emal smelter came into full operation this year. "We are co-operating with Dubal on the upstream side," said Waleed al Muhairi, the ...  >>MORE

Largest industrial battery plant in Gulf inaugurated

Posted on 21/04/2011

His Highness Sheikh Saud Bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, yesterday inaugurated an industrial battery manufacturing plant at the Ras Al Khaimah Investment Authority (Rakia) Industrial Park at Al Jazeera Al Hamra. The inaugural function was attended by Sheikh Mohammad Bin Saud Bin Saqr Al Qasimi, Crown Prince of Ras Al Khaimah, and M.K. Lokesh, Indian Ambassador to the UAE. The Eternity Technologies FZ LLC plant, owned by the UAE-based Al Dobowi Group, ...  >>MORE

Emal’s smelter project inaugurated

Posted on 19/04/2011

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai and His Highness Gen. Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces inaugurated yesterday the Emirates Aluminium Company Limited (EMAL) smelter development project in the Al Taweelah area of Abu Dhabi. It is a joint project of Dubai Aluminium Company (DUBAL) and Mubadala Development Company (MUBADALA). Saeed Al ...  >>MORE

Empower urges switching to district cooling technology in new real estate projects

Posted on 18/04/2011

Emirates Central Cooling Corporation (Empower), the largest district cooling service provider in the region, has urged real estate developers participating at Cityscape Abu Dhabi 2011 to switch from conventional cooling systems to district cooling, in order to save natural resources and environment and decrease maintenance and operating costs. Ahmad Bin Shafar, CEO of Empower, said: "We look at Cityscape Abu Dhabi as a platform to stress the importance of district cooling in real estate ...  >>MORE

Emirates Steel liquid steelmaking capacity increases to 2.8 million tons per year

Posted on 18/04/2011

Emirates Steel has commissioned Phase 2A of its expansion program, 33 months after the launch of its construction activities. Phase 2B will be commissioned by the end of the year, the steelmaker announced yesterday. The Company, a subsidiary of General Holding Corporation (GHC), launched in January 2006 a two-phased expansion program worth US$ 2.45 billion. Phase 1 was completed in June 2009 at a cost of US$ 816 million, increasing its rolling output capacity from 750,000 tons to 2.1 million ...  >>MORE

Borouge's third phase to cost US$4.5b

Posted on 13/04/2011

The estimated cost of the third phase of Abu Dhabi-based polymer producer Borouge, currently under construction, is US$4.5 billion (Dh16.51 billion), a senior executive told Gulf News on Tuesday. "The Borouge III expansion project is seen fully operational by the middle of 2014 with the project completion due by end 2013," the Borouge executive said, adding that upon completion of phase III, the production capacity at Borouge would increase to 4.5 million metric tonnes a year. Currently, ...  >>MORE

UAE Purchasing Managers’ Index hits 20-month high

Posted on 06/04/2011

Business activity in the UAE surged to a 20-month high in March with new orders and output rising sharply, while job creation gained further momentum, a purchasing managers' survey revealed on Tuesday. The HSBC UAE Purchasing Managers' Index, or PMI, which measures the performance of the UAE manufacturing and services sectors, rose to 54.7 points in March, its highest level since the series began in August 2009. The index stood at 54.3 points in February, holding above the 50-point mark ...  >>MORE

Tecnimont and Samsung win Borouge 3 engineering deal

Posted on 28/02/2011

A major contract to carry out construction work on Abu Dhabi's Borouge 3 expansion project has been awarded to a joint venture between Italian contractor Tecnimont (Maire Tecnimont Group) and Samsung Engineering. The US$403 million (Dh1.47 billion) deal, coordinated by Mashreq and First Gulf Bank, will effectively finance a syndicated facility for the engineering, construction and procurement works of the project, a statement from Mashreq said yesterday. Output boost envisaged Borouge, a ...  >>MORE

Emirates Steel secures first sustainable reinforcing steel certification in GCC

Posted on 15/02/2011

Emirates Steel has gained the UK CARES Sustainable Reinforcing Steel certification for the production of continuously cast steel billets and carbon steel bars for the reinforcement of concrete. Emirates Steel is the first steel maker in the GCC region to attain such independent accreditation. The CARES scheme ensures that Emirates Steel adopts the highest product quality standards, as well as an advanced environmental management system. It necessitates product traceability from hot metal to ...  >>MORE

Biggest tile maker in the world posts a 3% profit

Posted on 07/02/2011

Ras Al Khaimah Ceramics, or Rak Ceramics, the world's largest tile producer, said yesterday full-year 2010 net profit rose 3.2 per cent to Dh270.2 million, mainly on reduced cost of sales and lower indirect expenses. According to a statement on the Abu Dhabi bourse website, full-year earnings per share fell to Dh0.40 in 2010 from Dh0.43 a year ago, while revenues dropped to Dh3.34 billion from Dh3.77 billion during the period. Cost of sales for 2010 fell to Dh2.51 billion from Dh2.86 ...  >>MORE

Emirates Steel output increases by 17.5 per cent in 2010

Posted on 26/01/2011

Emirates Steel, registered an increase in finished products production by 17.5 per cent in 2010 compared to the previous year. Product sales increased significantly by 120 per cent. According to figures released yesterday by the Company, rebar production increased by 7.5 per cent in 2010 compared to 2009, while the output of wire rod went up by a significant 64.5 per cent. Billet production increased by 150 per cent in 2010 compared to the last three quarters of 2009, while the production of ...  >>MORE

Borouge awards US$111 million contract for the non-process buildings of its Borouge 3 project

Posted on 19/01/2011

Borouge, a leading provider of innovative, value creating plastics solutions, has awarded a contract worth US$111 million to Alpine Bau Deutschland AG to construct the non-process buildings of the Borouge 3 expansion project being executed in Ruwais, Abu Dhabi in the United Arab Emirates. The Borouge 3 mega-project, which is already well underway at Ruwais, will increase the total production capacity of the petrochemicals plant by 2.5 million tonnes per year to 4.5 million tonnes of ...  >>MORE

RAK Ceramics aims to grow in Europe

Posted on 16/01/2011

RAK Ceramics, the world's largest maker of ceramic tiles, expects to boost its European market share by 10 per cent over the next four years, says the company's chief executive. Dr Khater Massaad, who also heads the Ras Al Khamaih Investment Authority, said RAK Ceramics would take advantage of a shortfall in European ceramics production caused by the financial crisis. Ceramics production in Europe has come down by about 30 per cent in the past three years. The company plans to increase ...  >>MORE

EMAL hits the smelter's full production on first workday of 2011

Posted on 13/01/2011

Emirates Aluminium (EMAL) rang in 2011 by hitting their most momentous milestone to date - smelter's full production. On the last working day of 2010, EMAL energised the last of the 756 pots that make up the smelter. "This is an incredibly exciting start to 2011 for us," said Saeed Fadhel Al Mazrooei, President and CEO of EMAL. "To start the year at full production capacity of the smelter means that we can now bring to a close the construction phase of EMAL and spend 2011with our full focus ...  >>MORE

Empower sees 27% rise in 2010 revenues

Posted on 29/12/2010

District cooling Empower is targeting revenue increase of 27 per cent to Dh460 million in 2010 compared to Dh362 million for the previous year on the back of lower costs by using recycled water. Ahmed Bin Shafar, CEO of Empower, said: "This major feat in the district cooling industry in the region reflects our success in diversifying our client base and adopting best practices in managing our operations by diminishing costs and retaining employees across the board. We have increased our ...  >>MORE

As Saadiyat revs up, its recycling plant stands ready

Posted on 21/11/2010

A facility that recycles construction debris on Saadiyat Island can crunch about 200 tonnes of concrete every hour - and it is just getting started, officials say. The plant started work in January 2009 and is used by more than 50 contractors. However, loads are expected to increase between 2013 and 2020, which will be the busiest time for the project, said Millie Plowman, the environment manager of Saadiyat Island for the developer, TDIC. The plant separates steel, wood, plastics and ...  >>MORE

Borouge presents its plastics solutions at global industry fair

Posted on 03/11/2010

Dusseldorf - Yousef Omair bin Yousef, CEO of ADNOC (Abdu Dhabi National Oil Company) and Chairman of the Board of Borouge's Production Company (Abu Dhabi Polymers) and Rashed Saud Al Shamsi, Chairman of the Board of Borouge's Marketing Company, accompanied by board members and senior management of Borouge, attended the opening of the K-2010 Fair in Dusseldorf, Germany. Speaking at a media conference, Abdulaziz Alhajri, CEO of Borouge's Production Company, conformed that its expanded plant in ...  >>MORE

Korea is ready to build industrial base to serve Abu Dhabi 2030: Korean minister

Posted on 28/10/2010

Roots of cooperation between Abu Dhabi and Korea Jung-gwan, have gone deep into the ground and the two partners are now reaping the harvest in stronger bilateral cooperation agreements in economic and cultural domains, according to Park Young June, the Vice Minister of knowledge Economy in the Republic of Korea. Speaking yesterday at the Abu Dhabi and Korea Investment Forum, the Korean minister said the event would see the two sides sealing more agreements. The forum was organised by Abu ...  >>MORE

UAE steel price jumps 10% to Dh2,400 in September

Posted on 04/10/2010

Steel price in the UAE rose 10 per cent to Dh2,400 per tonne in September compared to Dh2,200 in the previous month on the back of increase in global prices and higher raw material costs, industry player said. They also pointed to drop in imports during the second half of this year, according to an Al Ittihad newspaper report. Meanwhile contractors confirmed the decline in demand due to a slowdown of construction activity in the local market, stressing the need to monitor traders to prevent ...  >>MORE

Expenditure on newsprint is one-third of that on general commodity paper in the UAE

Posted on 29/09/2010

For every dollar spent on newsprint, there are three dollars spent on general commodity paper, according to studies conducted by Paper Arabia 2010, the first-of-its-kind industry expo at the Dubai International Exhibition and Convention Centre which concluded yesterday and attracted over 6,000 trade visitors, an increase of 16.6 per cent. According to industry analysts at the show, SMBs are major consumers of the general commodity paper, spending between Dh100,000 and Dh150,000 annually on ...  >>MORE

Borouge strengthens its base in China

Posted on 28/09/2010

Abu Dhabi-based Borouge, a provider of plastic products, said on Monday it has strengthened its presence in China by establishing a new marketing and sales company in Beijing. "The bulk of the exports from Borouge II would be exported to China and India as Borouge plant II reaches full capacity early next year," a Borouge spokesperson told Gulf News by telephone from Beijing. "China is clearly an important market for Borouge and our ongoing investments reflect our commitment to a long term ...  >>MORE

Emirates Aluminium announces full product range

Posted on 16/09/2010

Emirates Aluminium (EMAL) announced yesterday that the onsite cast house is now producing its full range of products allowing EMAL to supply clients in a wide variety of industries. Sow, standard ingots, sheet ingots and extrusion billets are all being cast and delivered to clients. These four products mean that EMAL can now supply clients in industries from automobile and CD manufacturing to pharmaceutical production. "Having a four product range allows us to offer our clients ...  >>MORE

Emirates Steel raises US$1.1b in project finance

Posted on 26/08/2010

Emirates Steel said Wednesday it raised US$1.1 billion (Dh4 billion) in project finance, an indicator that regional banks are easing credit to select government-related entities. The firm said it signed a seven-year project financing agreement with a consortium of seven conventional banks and two Islamic finance institutions. "The project finance debt was raised through a US$367 million Islamic facility and a US$733 million conventional facility, each of seven-year tenure," Emirates Steel ...  >>MORE

GHC and Emirates Steel secure US$2.2 billion financing to cover Emirates Steel's expansion projects

Posted on 02/08/2010

Emirates Steel and its parent company, General Holding Corporation (GHC), are on track to complete the financing plan associated with Emirates Steel's Expansion Projects. On July 1, 2010, financial close was achieved on a US$500 million export credit facility raised by GHC on a corporate basis and insured by SACE, an Italian group that operates in the field of export credit, credit insurance, investment protection, financial guarantees, sureties and factoring. According to GHC's Director ...  >>MORE

Emirates Steel output increases by 45.4 per cent

Posted on 28/07/2010

Emirates Steel has registered an increase in finished products output by 45.4 per cent during the first half of 2010, compared to the same period in 2009. Product sales increased by 30 per cent during that same period. According to figures released yesterday by the company, production of rebar grew by 26 per cent during the first half of the year, compared to the first six months of 2009; while the output of wire rod went up by a significant 283%. In May, Emirates Steel achieved one million ...  >>MORE

Dubai Aluminium sets import records through Jebel Ali Port

Posted on 25/07/2010

The annual value and volume of strategic raw materials imported by Dubai Aluminium Company Limited (DUBAL) through Jebel Ali Port reached record levels in 2009, boosted largely by the procurement of materials for Emirates Aluminium Company Limited PJSC (EMAL) -- the high-tech green-field aluminium smelter development in Al Taweelah, Abu Dhabi, in which DUBAL holds a 50 per cent share and where Phase I is currently in ramp-up stage. Masoud Talib Al Ali, Vice President, Supply, DUBAL, says ...  >>MORE

Emirates Aluminium announces the signing of its Export Credit Agency funding agreements

Posted on 12/07/2010

Emirates Aluminium (EMAL) has signed financing agreements with three Export Credit Agencies to support the financing of the project. In doing so it has secured loan financing agreements for approximately US$737m (Dh2.7bn) for a term of up to 15 years. Export-Import Bank of the United States (US Ex-Im), Euler Hermes Kreditversicherungs-AG (Hermes) and the Compagnie Fran aise d'Assurance pour le Commerce Ext rieur (COFACE) will provide financing support for the Taweelah-based smelter. "These ...  >>MORE

Dubai exports of top plastic films valued Dh304 million in 2009

Posted on 07/07/2010

The Dubai Export Development Corporation (EDC), an agency of the Dubai Department of Economic Development, Government of Dubai, revealed that the value of top plastic films exported by Dubai (Polypropylene, PET,PVC) in 2009 edged about Dh304 Million. According to its Plastics Films, Production and Export Capabilities Report for 2010, Polypropylene, Dubai's top plastic films' export commodity, has seen steady growth in direct trade since 2004 despite a sharp decline in both, imports and ...  >>MORE

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Quick List

Emal targets export deals in Far East, US markets


Investments in UAE industries increased by Dh29.2 billion in 2010


DUBAL and EMAL set to raise sector profile at global forum


Emirates Steel issues "Invitation to Bid" for its Phase 3 expansion project


EMAL awards US$700m in contracts for its Phase Two expansion


UAE's Emal to invest US$4.5 billion in Phase II of smelter


Emal creates 2,000 jobs as it plans capacity expansion


Emirates Steel sets new world daily record


Steel prices down 4.1% in April compared with March 2011


EMAL makes downstreaming a reality


DED releases report on reality and prospects of aluminium industry in Abu Dhabi


EMAL leads way at regional aluminium event


UAE demand for fabricated aluminium to grow 9 per cent annually


UAE rises in ranks of aluminium majors


Largest industrial battery plant in Gulf inaugurated


Emal’s smelter project inaugurated


Empower urges switching to district cooling technology in new real estate projects


Emirates Steel liquid steelmaking capacity increases to 2.8 million tons per year


Borouge's third phase to cost US$4.5b


UAE Purchasing Managers’ Index hits 20-month high


Tecnimont and Samsung win Borouge 3 engineering deal


Emirates Steel secures first sustainable reinforcing steel certification in GCC


Biggest tile maker in the world posts a 3% profit


Emirates Steel output increases by 17.5 per cent in 2010


Borouge awards US$111 million contract for the non-process buildings of its Borouge 3 project


RAK Ceramics aims to grow in Europe


EMAL hits the smelter's full production on first workday of 2011


Empower sees 27% rise in 2010 revenues


As Saadiyat revs up, its recycling plant stands ready


Borouge presents its plastics solutions at global industry fair


Korea is ready to build industrial base to serve Abu Dhabi 2030: Korean minister


UAE steel price jumps 10% to Dh2,400 in September


Expenditure on newsprint is one-third of that on general commodity paper in the UAE


Borouge strengthens its base in China


Emirates Aluminium announces full product range


Emirates Steel raises US$1.1b in project finance


GHC and Emirates Steel secure US$2.2 billion financing to cover Emirates Steel's expansion projects


Emirates Steel output increases by 45.4 per cent


Dubai Aluminium sets import records through Jebel Ali Port


Emirates Aluminium announces the signing of its Export Credit Agency funding agreements


Dubai exports of top plastic films valued Dh304 million in 2009