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DUBAL publishes first sustainability report
Manufacturing sector grows 55% in five years
Emirates Glass begins work on new Dh175m plant
ADBIC, Midal to build US$100 million aluminium rod plant in Abu Dhabi
Tabreed reveals new business model to boost profitability
Ducab and IAT join hands
Oxo-biodegradable plastic additives to be produced
Mohammed bin Zayed attends the launch of Polymers Park project
UAE's first copper rod plant in Abu Dhabi inaugurated
Polymers Park to be inaugurated tomorrow
Cap on steel prices ruled out
Dubal’s 2007 aluminium output up 12.6%
Tabreed reports Dh124.6 million revenues in Q1
Sheikh Mohammed issues decree to manage quarries
Dubal to ship 100,000t of aluminium to Japan

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DUBAL publishes first sustainability report
Posted on 24/07/2008

Demonstrating its commitment to responsible corporate citizenship, Dubai Aluminium Company Limited (DUBAL) - the world's seventh largest producer of high quality primary Aluminium - has published the company's first-ever Sustainable Development Report. Designed to inform stakeholders about DUBAL's initiatives to safeguard the company's sustainability for the future, the report follows the internationally accepted guidelines detailed within the Global Reporting Initiative (GRI) Mining and Metal ...  >>MORE



Manufacturing sector grows 55% in five years
Posted on 17/07/2008

Growth in the UAE's manufacturing sector has jumped by 55 per cent since 2001 despite a decline in its overall contribution to the economy, latest government figures revealed. The contribution of the manufacturing sector to the gross domestic product (GDP) grew by more than half in the five years to 2006, according to findings by Dubai Chamber of Commerce and Industry. But the sector's share of the UAE's non-oil GDP dropped to 18.8 per cent in 2006 from 20 per cent in 2001. Meanwhile, non-oil ...  >>MORE



Emirates Glass begins work on new Dh175m plant
Posted on 13/07/2008

Work on a Dh175 million state-of-the-art plant and headquarters for Emirates Glass LLC (EGL) has begun at the Dubai Investments Park, the company announced yesterday. EGL, set up in 1998, is a leading processor of architectural flat glass in the Middle East and a subsidiary of Glass LLC, wholly owned by Dubai Investments (DI). The new facility will also house Lumiglass Industries – a sister concern. EGL is now nursing global ambitions, and eyeing a bigger pie of the international market for ...  >>MORE



ADBIC, Midal to build US$100 million aluminium rod plant in Abu Dhabi
Posted on 07/07/2008

Abu Dhabi Basic Industries Corporation (ADBIC), a leading industrial development company in Abu Dhabi, and Midal Cables Limited, one of the world's largest manufacturers of Aluminium rod and conductors, have signed a Memorandum of Understanding (MoU) aimed at establishing an Aluminium Rod plant in Taweelah, Abu Dhabi, with combined investment of approximately Dh368 million (US$100 million). The MoU was signed by Jamal Al Dhaheri, Senior Vice President Metals, ADBIC, and Hamid Al Zayani, ...  >>MORE



Tabreed reveals new business model to boost profitability
Posted on 30/06/2008

Tabreed, the Middle East's award-winning district cooling pioneer, will soon launch a major strategic revision to its existing business structure focusing on significant increase of future profitability. Tabreed will immediately form a new asset holding company into which existing assets will be transferred at a fair market value. "We are pleased to announce that there is a new emphasis on profitability and shareholder returns. The new business model will allow Tabreed to fund its growth while ...  >>MORE



Ducab and IAT join hands
Posted on 25/06/2008

Ducab, the leading manufacturer of high quality power cables in the Middle East, signed a Memorandum of Understanding (MoU) with the Institute of Applied Technology (IAT). The agreement will further enhance the career prospects of students at the IAT. It will provide training services and vacancies within Ducab that are in relation to the range of accredited programs that are offered to IAT students. Ducab's Managing Director Andrew Shaw, was present at the signing along with IAT's Managing ...  >>MORE



Oxo-biodegradable plastic additives to be produced
Posted on 17/06/2008

A UAE based company Eco-polymers has signed a contract with a British public limited company Symphony Environmental Ltd., appointing them exclusive distributors for Symphony's range of oxo-biodegradable plastic additives in the UAE. A factory will also be built to produce these products to meet the growing demand in the Middle East. Eco-polymers is a new company and has been established in Dubai and Sharjah. Ordinary plastic and recycled plastic can now be made oxo-biodegradable and this is ...  >>MORE



Mohammed bin Zayed attends the launch of Polymers Park project
Posted on 11/06/2008

Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, General Sheikh Mohammed bin Zayed Al Nahyan witnessed yesterday the launching of the Abu Dhabi Polymers Park project at the Abu Dhabi Industrial City (ICAD-III) in Mussafah. The ceremony was also attended by a number of dignitaries, including Abu Dhabi Ruler's Representative in the Eastern Region, Sheikh Tahnoun bin Mohammed Al Nahyan, Interior Minister, H.H. Sheikh Hamed bin Zayed Al Nahyan, Chief of Abu Dhabi Crown ...  >>MORE



UAE's first copper rod plant in Abu Dhabi inaugurated
Posted on 10/06/2008

Dubai Cables Co. Ltd. (DUCAB) has inaugurated its first copper rod plant and the new cable factory today morning at the Mussafah industrial area. The US$45 million copper rod plant, which is the first copper rod factory in the UAE, has a capacity of 110, 000 ton per annum. The two facilities were unveiled by Sheikh Hamed bin Zayed al Nahyan, Chairman of the Abu Dhabi Crown Prince Court and Chairman of the Higher Corporation for Specialised Economic Zones - ZonesCorp. A large number of ...  >>MORE



Polymers Park to be inaugurated tomorrow
Posted on 09/06/2008

Polymers Park, the first of a series of specialised industrial zones being set up by Abu Dhabi, is to be inaugurated tomorrow. The park will comprise a cluster of business engaged in the conversion of raw plastic materials into value-added products and has been set up by the Government-owned Abu Dhabi Basic Industries Corporation (Adbic). The project is aimed at developing the petrochemical industry to reduce the dependence on imports of goods produced with raw materials exported from here. ...  >>MORE



Cap on steel prices ruled out
Posted on 08/06/2008

The UAE government has ruled out any intervention in the markets to curb the price of reinforced steel, which is on an upward spiral. Mohammed Abdul Aziz Al Shehi, Undersecretary of the Ministry of Economy, told Emirates Business that the ministry will not move to fix the price of a tonne of steel, which currently ranges from Dh5,400 to Dh5,700 according to the country of origin. He added that the steel price hike is not a local or regional occurrence but a global phenomenon. "We will not ...  >>MORE



Dubal’s 2007 aluminium output up 12.6%
Posted on 08/06/2008

State-owned smelter Dubai Aluminium Co (Dubal) increased output by 12.6 per cent year-on-year in 2007 to 889,548 tonnes, spurred by robust domestic and global demand, a senior official said on Saturday. Middle East aluminium producers are shrugging off record-high global energy prices as they capitalise on cheap gas-generated electricity and a construction boom to boost world market share. Power bills account for about a third of an aluminium smelter's total costs. "The most recent ...  >>MORE



Tabreed reports Dh124.6 million revenues in Q1
Posted on 02/06/2008

National Central Cooling Company (Tabreed) announced revenues of Dh124.6 million for the first quarter of fiscal 2008 ended March 31. Tabreed's segmental results showed total revenue of Dh49.1 million generated from the company's core chilled water business in comparison with Dh40.3 million for the same quarter in 2007. The company posted gross profit of Dh66.5 million for the period, up from Dh62.2 million in 2007. Net profit declined to Dh10 million compared to Dh21.4 million in 2007 for ...  >>MORE



Sheikh Mohammed issues decree to manage quarries
Posted on 22/05/2008

Vice President and Prime Minister of UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum issued a decree to better manage quarries and crushers, and transport their products. HE Dr. Rashid Ahmed bin Fahad, minister of environment and water, said the decision aims at minimizing the negative effects resulted from the activities carried out at these factories. "We are taking all necessary measures to assure sustainable development," he added, emphasizing that the role of ...  >>MORE



Dubal to ship 100,000t of aluminium to Japan
Posted on 21/05/2008

Dubai Aluminium Company Limited (Dubal), the world's seventh largest producer of primary aluminium expects to ship 100,000 tonnes of aluminium to Japan in 2008, the majority of which will be billet (52 per cent), followed by high purity aluminium (25 per cent), foundry alloy (11 per cent) and standard purity (9 per cent). The firm will once again showcase the company's specialised alloy products that are used extensively by Japanese auto part manufacturers at the Automotive Engineering ...  >>MORE

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