By Martin Morris
Construction set for Q1 2010, annual production of 150,000 tonnes.
Abu Dhabi Basic Industries Corporation (ADBIC) and Bahrain's Midal Cables Limited on Sunday confirmed they are to build a $100 million aluminium rod and conductor plant.Construction of the plant will begin in Q1 2010 at Khalifa Port and Industrial Zone in Taweelah - the plant set to produce 150,000 tonnes of aluminium products annually.
"The establishment of this strategic partnership with Midal will be the first major milestone towards the expansion of Abu Dhabi's downstream manufacturing capacity in the metals sector.
''This partnership brings together the technical expertise of one of the world's largest manufacturers of aluminum rod and conductors with the experience of one of the leading industrial investment and development companies in the region", said senior vice president for metals at ADBIC, Jamal Al Dhaheri.
Managing director of Midal Cables, Hamid Al ZayaniAl Zayani said: "This joint venture is strategically important for Midal Cables. The rapid industrial growth in the UAE and GCC region requires world-class expertise in the field of aluminum production.
''Working with a leading investment and industrial development company like ADBIC further drives the growth of this key sector."
The establishment of the aluminum plant is the first step towards the development of ADBIC's upcoming metals cluster, which will play a role in expanding Abu Dhabi's downstream manufacturing capacity in the metals sector.
Strategically located between Abu Dhabi and Dubai, the cluster will focus on base metals such as aluminium, steel and copper.