EoW November 2009

corporatenews

Adbic and Midal in joint plant project

Al Zayani remarked: “This joint venture is strategically important for Midal Cables. The rapid industrial growth in the UAE and GCC region requires expertise in the field of aluminium production. “Working with a leading investment and industrial development company like Adbic further drives the growth of this key sector.” Adbic and Midal Cables also signed a memorandum of understanding with Emirates Aluminium Company Limited (Emal) for the supply of molten aluminium, the plant’s main feedstock, from the new smelter. By the second quarter of 2011, Adbic’s plant will be ready to receive its first batch of molten aluminium. 
“Emal will play a fundamental role in supporting the development of Adbic’s metals cluster,” said Al Dhaheri. “This partnership not only helps to drive Adbic’s contribution to Abu Dhabi’s industrial diversification, it also leverages Emal’s planned aluminium upstream production capacity, which will commence at 700,000 tonnes per year in the first quarter of 2010.” Abu Dhabi Basic Industries Corporation – Abu Dhabi Email : info@adbic.com

Abu Dhabi Basic Industries Corporation (Adbic) and Bahrain’s Midal Cables Limited have agreed to a joint project to establish a $100-million plant to produce aluminium products, including aluminium rods and aluminium electrical overhead conductors. Capacity at the plant will be 150,000 tonnes per year, with some of the output serving as feedstock for Abu Dhabi’s downstream industries. Construction is scheduled to begin in early 2010 at the Khalifa Port and Industrial Zone in Taweelah, Abu Dhabi. “The establishment of the aluminium plant is the first step towards the development of Adbic’s upcoming metals cluster, which will play a fundamental role in expanding Abu Dhabi’s downstream manufacturing capacity in the metals sector,” an Adbic statement said. 
 Strategically located between Abu Dhabi and Dubai, the cluster will focus on base metals such as aluminium, steel and copper. The joint venture agreement was signed by Jamal Al Dhaheri, senior vice president for metals at Adbic, and Hamid Al Zayani, managing director of Midal Cables. 
 “This partnership brings together the technical expertise of one of the world’s largest manufacturers of aluminium rods and conductors with the experience of one of the leading industrial investment and development companies in the region,” commented Al Dhaheri.


Website : www.adbic.com Midal Cables Ltd – Bahrain Email : midalcbl@midalcable.com Website : www.midalcable.com

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EuroWire – November 2009