Emirates Steel to become leading manufacturer.
According to Steel Business Briefing, demand for medium and heavy sections of steel in the Middle East is forecast to reach 4.3m tons in 2012, with Saudi Arabia and the United Arab Emirates the biggest consumers.
The GCC's total steel demand is 20m tons per year - compared to a capacity of 12m tons per year.
Demand is currently met by imports mainly from China, Korea and Eastern Europe.
"Once up and running, our heavy sections rolling mill will establish the company as the leading manufacturer and supplier of structural steel in the Middle East region and a centre of excellence for the effective use of metal in construction," said engineer Saeed G Al Romaithi, Emirates Steel's Acting CEO.
Located in the Industrial City of Abu Dhabi (ICAD), some 35km away from the heart of the city of Abu Dhabi, Emirates Steel is the only integrated steel plant in the UAE.
It was established in 2001, and towards the end of 2009, launched an expansion programme which saw the construction of a 1m metric tons per annum heavy sections rolling mill.
The facility can produce a broad range of structural steel products, including beams and columns, channels, equal angles, unequal angles, and sheet piling.
"By offering a wide range of structural products, the mill will be able to meet your differing structural steel needs and maximize their design effectiveness.
"We have made a significant investment in structural steel manufacturing technology, which will put our heavy sections mill amongst the most advanced in the world," added Emirates Steel's Acting CEO.
Mubarak Al Khaili, Emirates Steel's VP of Commercial Strategy, believes structural steel will be essential to local and regional markets.
"The growing number of projects in the GCC working on the development of infrastructure, industrial plants, power transmission towers, bridges, sea ports and high rise towers all require the new products we will be able to supply," he said.
2011 ITP Business Publishing Ltd. All Rights Reserved.
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|Date:||Nov 3, 2011|
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