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UAE steel prices stage gradual recovery
Emaar Industries '&' Investments celebrates opening of new state-of-the-art plant
Tabreed gets Dh1.3b loan
Emal enters international aluminium market with 1st shipment to Daewoo International Corp
Mohammed bin Rashid inspects vehicle assembled locally
Emirates Gas offers environment-friendly and cost-effective product for metal cutting
Emirates Steel to seek refinancing of US$1.5bn loan
Dubal output sets record in 2009
GE Energy signs US$45m service contract with Dubal
Sheikh Mansour bin Mohammed and Crown Prince of Denmark inaugurate UAE's largest pre-insulated pipe manufacturing facility
EMAL celebrates delivery of its first cast metal
Borouge establishes new company in Guangzhou
UAE's AIS sets up factory for next-generation commercial, military and passenger vehicles
Emal to raise Dh2.6b for smelter expansion
Dubal celebrates 30 years of industrial progress

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UAE steel prices stage gradual recovery
Posted on 12/03/2010

Steel prices in the UAE have reached Dh2,150 a tonne this month after increasing every month since last December. This growth has brightened prospects in terms of the capacity of mills to operate at full capacity, according to Danube Building Materials, a company dealing in construction, building materials and shop-fitting. Local steel suppliers are expected to reinforce their presence in the regional market as scrap prices continue to climb, costs of raw materials steadily increase, and ...  >>MORE



Emaar Industries '&' Investments celebrates opening of new state-of-the-art plant
Posted on 11/03/2010

Emaar Industries and Investments Ltd (EII), a member of Emaar Properties PJSC, celebrated the opening of a state-of-the-art manufacturing plant for low voltage and medium voltage switchboards of its subsidiary Dynergy Technologies in TechnoPark, Dubai. The first phase of the new facility, sprawling over 22,000 sq m, will create 300 jobs and has a capacity to produce 30,000 switchboard panels per year. Work on the second phase is being planned with a new extension for medium voltage panels ...  >>MORE



Tabreed gets Dh1.3b loan
Posted on 09/03/2010

Tabreed, the Abu Dhabi-based district cooling company, yesterday said it has secured a Dh1.3-billion loan from Mubadala to help with its operating expenses this year after reporting a record loss of Dh1.1 billion in 2009. Tabreed's stock nosedived after the announcement, closing 9.5 per cent lower at Dh0.57 on the Dubai Financial Market. Analysts had not expected the company to take an impairment charge of Dh1.2 billion, which Tab-reed said reflected "the long-term value of projects in light ...  >>MORE



Emal enters international aluminium market with 1st shipment to Daewoo International Corp
Posted on 11/02/2010

Emirates Aluminium (EMAL) announced yesterday that it had signed a contract with Daewoo International Corp. to deliver aluminium sow ingots to the South Korean conglomerate. EMAL has taken an important step towards fulfilling its vision of becoming one of the world's largest producers and suppliers of aluminium products. Saeed Fadhel Al Mazrooei, CEO of EMAL, expressed his pleasure over the agreement with Daewoo, saying he believes it sets the stage for EMAL to attract other important clients ...  >>MORE



Mohammed bin Rashid inspects vehicle assembled locally
Posted on 07/02/2010

Vice President and Prime Minister of UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, has inspected the external transport vehicle of the information office of Dubai government, which was fully prepared and assembled locally. Sheikh Mohammed was briefed by Ahmed Abdullah Al Sheikh, director general of the information office of Dubai government about the technical devices in the car, which are linked directly with satellites and could telecast event live directly to ...  >>MORE



Emirates Gas offers environment-friendly and cost-effective product for metal cutting
Posted on 01/02/2010

Emirates Gas, a subsidiary of Emirates National Oil Company (ENOC), has introduced an environmentally-friendly and cost-effective solution to metal cutting by offering Cutting Edge Gas, ideal for metal working applications. Traditionally, metal cutting has been done using Acetylene, which is more expensive. Cutting Edge Gas, which is used for cutting, heating, brazing and gouging applications, is about 30 per cent cheaper, lasts longer, reduces handling costs and is ...  >>MORE



Emirates Steel to seek refinancing of US$1.5bn loan
Posted on 25/01/2010

Abu Dhabi's Emirates Steel Industries (ESI) will approach banks in March to refinance US$1.5 billion (Dh5.50bn) used for the first and second phase of its plant expansion, the company's chief financial officer said yesterday. Last year the company had announced the completion of its first phase expansion plan which lifted output from 65,000 tonnes per year to two million tonnes. "The cost of the first expansion phase was US$700 million and was done through a bridging loan which Emirates Steel ...  >>MORE



Dubal output sets record in 2009
Posted on 24/01/2010

Dubai Aluminium Co (Dubal) said yesterday that it boosted output of cast aluminium products at its Jebel Ali smelter 6.5 per cent in 2009 to more than 1 million tonnes for the first time despite difficult economic conditions. Dubal said in an e-mailed statement it produced nearly 1.01 million metric tonnes of cast aluminium products in 2009, compared with 947,751 tonnes a year earlier. The "record not only fulfilled a corporate objective in our 30th anniversary year, but it was also ...  >>MORE



GE Energy signs US$45m service contract with Dubal
Posted on 24/01/2010

GE Energy has signed a multi-year service contract for more than US$45 million (Dh166 million) with Dubai Aluminium Company Limited (Dubal), one of the world's largest producers of aluminium, a company statement said Tuesday. "The agreement is designed to reduce the cost of aluminium production while maximising the reliability and overall performance of 19 GE gas turbines that power the Dubal production complex," it said. Abdullah Kalban, president and CEO of Dubal, said: "Performance and ...  >>MORE



Sheikh Mansour bin Mohammed and Crown Prince of Denmark inaugurate UAE's largest pre-insulated pipe manufacturing facility
Posted on 21/01/2010

HH Sheikh Mansour Bin Mohammed Bin Rashid Al Maktoum and H.R.H. the Crown Prince Frederik of Denmark, inaugurated Empower-Logstor Insulated Pipes Systems (ELIPS), UAE's largest pre-insulated pipe manufacturing facility, in Jebel Ali. The move signifies UAE's drive towards diversification of economy in order to sustain growth. ELIPS is a joint venture between Emirates Central Cooling Systems Corporation (EMPOWER), UAE's leading district cooling company and LOGSTOR, the world's largest ...  >>MORE



EMAL celebrates delivery of its first cast metal
Posted on 14/01/2010

H.E. Khaldoun Al Mubarak and Abdulla Kalban, Chairman and Vice-Chairman of EMAL Board of Directors joined nearly 2,000 EMAL employees and contractors on the EMAL site today to celebrate the delivery of the first cast metal to clients across the world. Ramp up to full production at EMAL began in December with the delivery of the first crucibles of molten metal from the aluminium smelter to the plant casthouse. The first metal was cast into 650kg sow ingot. The casting of the first metal ...  >>MORE



Borouge establishes new company in Guangzhou
Posted on 08/01/2010

Further to the formation of Borouge Sales and Marketing Shanghai Co., Ltd and the Borouge Compounding Shanghai Co., Ltd in 2009, Borouge, a leading provider of innovative value creating plastics solutions, announces the incorporation of Borouge Sales and Marketing (Guangzhou) Co., Ltd. The inauguration of the new Company, held at the Shangri-La Hotel on January 6, 2010, was attended by senior government officials from the Guangzhou Municipal Government and the United Arab Emirates as well as ...  >>MORE



UAE's AIS sets up factory for next-generation commercial, military and passenger vehicles
Posted on 10/12/2009

UAE's Advance Integrated System or AIS, has announced the setting up of a company in Abu Dhabi to manufacture next-generation commercial, military and passenger vehicles. The company named ALANQA will design, manufacture and sell the vehicles in the country as well as export them to other regional markets. The prototypes of the vehicles have already been designed, and which will be unveiled at the Dubai International Auto Show starting December 15. The manufacturing of the vehicle will ...  >>MORE



Emal to raise Dh2.6b for smelter expansion
Posted on 09/12/2009

Emirates Aluminium (Emal), which has plans to become the world's biggest single aluminium smelter, expects to raise US$700 million (Dh2.6 billion) from credit agencies by next month, the company's finance chief said yesterday. So far there has been no difficulty in raising funds for the project's phase two, Chief Financial Officer Bill Campbell said. "We are raising US$700 million from export credit agencies which is in a cash closing position and is expected to close next month," he said. ...  >>MORE



Dubal celebrates 30 years of industrial progress
Posted on 12/11/2009

Dubai Aluminium Company (Dubal) celebrated its 30th anniversary yesterday. Established to aid the diversification of the UAE economy by adding value to the country's natural resources, the state-owned enterprise is widely regarded as the industrial flagship of the UAE and is one of the largest non-oil contributors to Dubai's economy. Dubal president and chief executive Abdullah J.M. Kalban said the company's roots stem back to May 1975, when the late Sheikh Rashid Bin Saeed Al Maktoum (then ...  >>MORE

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