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: 1667 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

31 March 2015 Rak Ceramics makes a splash in Sao Paolo at Revestir 2015
02 March 2015 Senaat to invest Dh5 billion in developing industrial projects over next 2 years
26 January 2015 EGA targets future global aluminium demand at us symposium
23 January 2015 Tabreed’s 2014 full year net profit increases 20% to Dh326 million
13 January 2015 UAE is region’s third largest crude steel producer