The UAE will host Expo 2020!
  • Arabic
  • French
  • German
  • Spanish
Supported by the UAE National Media Council

Emirates Steel Industries signs agreement with Danieli Corporation for factory expansion

posted on 05/02/2008: 1770 views



Emirates Steel Industries (ESI) today signed a contract worth Dh1billion with Italy's Danieli Corporation for the expansion of the ESI steel manufacturing factory located at Abu Dhabi's prestigious industrial city ICAD1. Once completed the plant will have a total production capacity of three million tons p.a. the current production capacity is two million tons p.a. The agreement was signed by Chairman of Abu Dhabi Crown Prince's Court and Chairman of ZoneCorp Sheikh Hamed bin Zayed Al Nahyan and Gianpetro Benedetti, Chairman and CEO of Danieli Corporation in the presence of a large number of senior officials.

Emirates Steel Industries (ESI), formerly Emirates Iron and Steel Factory (EISF) is wholly owned by government Abu Dhabi. The factory is the largest steel plant in the UAE, utilizing the latest rolling mill technology to produce reinforcing bars for the construction industry. Established in 2001 to satisfy the growing demand for quality steel products for the UAE's fast developing construction sector, ESI is the only significant domestic supplier of deformed reinforcing steel bars (rebars). - Emirates News Agency, WAM

RELATED ARTICLES

30 June 2015 EGA participates in Europe's largest aluminium exhibition
29 June 2015 GAC, Guinea sign four agreements on infrastructure development projects in the region of Boke
12 June 2015 EGA positions itself for future growth
28 May 2015 Borouge and Borealis announce opening of a dual-branded sales office in Morocco
26 May 2015 Emirates Global Aluminium to spend US$5bn boosting capacity