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U. A. E. |
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U. A. E. |
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Steel News in U. A. E. | |
Usha Martin opens 6000t steel rope plant in Jebel Ali
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One of the world's largest wire rope producers, Kolkata-based Usha Martin has
invested Dh10 million in a manufacturing plant in Jebel Ali Free Zone, under the
name of Brunton Shaw M.E. with an initial capacity of 6,000 metric tonnes. This is claimed to be the first wire rope manufacturing plant in the Gulf. Usha Martin, with a $300 million annual turnover, produces 65,000 tonnes of various types of wire rope for industrial and communication usage per annum. It is slightly behind its largest competitor, Korea Alliance Steel which produces 85,000 tonnes. Regionally, due to an ongoing construction boom and infrastructure development activities, demand for wire ropes is expected to increase further, officials said. Besides, oil and gas exploration and production facilities, floating rigs are going to be among its customers. Usha Martin has manufacturing bases in India, the UK, Thailand and the UAE. Its largest export market is Europe, with a 39 per cent share, followed by Asia with 28 per cent, while the US and the Middle East represents about 13 and 11 per cent respectively. However, its largest market is India, which consumes 76 per cent of Usha Martin's products. Prashant Jhawar, vice chairman of Usha Martin group, said, "It is a small step in this part of the world but a giant leap for Usha Martin to globalize its wire rope manufacturing, marketing, distribution and service businesses. "We have started in a modest way but the unique infrastructure of the UAE as well as the plant allows us to grow this unit into the most important wire rope manufacturer in this part of the world." The International Finance Corporation (IFC) holds more than 14 per cent equity in Usha Martin Ltd, India, the parent company, and is providing funding of $21 million to the company's backward integration and value enhancement initiative, which are progressing as per schedule. Usha Martin is a joint venture with Scottish Martin Black Co, established in the 1960s. |
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Maison Mathieu Dubai office closed.
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After 20 years of active steel trading in the Middle East, Maison Mathieu Dubai
(liaison office of Arcelor Trading - Belgium) has been closed. Their staff members have been integrated into the operations of Arcelor International Dubai, except for their general manager Karel Costenoble, who has now left the Arcelor organization. This is part of Arcelor's International trading and sales restructuring, overseen by Arcelor International in Luxembourg. |
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Prequalification for Dubai Airport expansion, including structural steel
works.
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The Department of Civil Aviation has invited companies to apply for
prequalification by 9 September for construction of a new two-level terminal
over 110,000 square metres on the Dubai International Airport terminal 2
expansion. The contract is estimated to be worth 133 million US$ and covers reinforced concrete and structural steel works, foundations and related facilities. |
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Dubai Drydocks completes conversion of VLCC into FPSO
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Dubai Drydocks has completed its first full conversion of a VLCC (very large
crude carrier) into a floating production storage and off-loading unit (FPSO).
The VLCC "Mosocean", named the "Xikomba" after the coversion, is scheduled to
start operating offshore Angola in November under a long-term contract for
ExxonMobil. A second FPSO is currently in final stages of completion at Dubai Drydocks and due to sail from the yard in October. Traditionally, the shipyards in Singapore have dominated this specialised market. The "Mosocean", built in 1974, arrived at Dubai Drydocks in January 2002 and a coversion contract was signed in April same year. The work had been completed in 16 months and the vessel sailed from the yard ready to operate as an advanced FPSO. The owner of the vessel is Single Moorings of Monaco. The project involved a large amount of steel, pipe, electrical, mechanical, painting and accommodation work. In total, over three million production hours have been used to complete the work. FPSO "Xikomba", measuring 348x52x26 metres and having a deadweight of 257,000 tonnes, has a production capacity of 90,000 barrels per day and a storage capacity of 1.8 million barrels. According to Dubai Drydocks, the conversion will extend the life of the vessel by at least 10 years. |
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Punj Lloyd & TEPE Afkin win 10 KT structural steel job for Dubai Airport
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Turkish TEPE Akfin and Punj Lloyd from India won the structural steel work for
the new hangar at Dubai International Airport. The 23 million US$ contract is
for fabrication, supply and installation of more than 10KT of structural steel
and is part of the Emirates New Engineering Centre, designed to serve the new
Airbus A380. |
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