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Emirates Steel Industries signs agreement with Danieli Corporation for factory expansion

posted on 05/02/2008: 1879 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


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