Abu Dhabi to build $100mn aluminium rod plant

Abu Dhabi Basic Industries Corp (ADBIC), a state-controlled manufacturing conglomerate, will invest about $100 million to develop an aluminium rod plant in Abu Dhabi, the company said on Sunday.

ADBIC signed an agreement with Bahrain-based Midal Cables, one of the world’s largest manufacturers of aluminium rods and conductors, to jointly develop the plant, it said in a statement.

The plant will manufacture 150,000 tonnes per year using raw material sourced from the new Emirates Aluminium smelter currently under construction in Taweelah, ADBIC said.

ADBIC is an industrial development and investment company created to facilitate the expansion of sustainable industrial activity in Abu Dhabi through the development of industrial clusters, the first such model in the UAE.

Print | Email | Discuss this article

| Share |

READERS' COMMENTS

Click here to post a comment

Add your Comment All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic. Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *	(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments
Enter the words above *
Please click post only once - your comment will not be published immediately.

MORE FROM ARABIANBUSINESS.COM