|
Abu Dhabi Steel Plant to start in 2002 |
| The just commissioned Emirates Iron &
Steel Factory plans to start commercial production early next year and
plans to invest an additional Dh110 million to
expand its product range. Performance test will take place by the end of this year and commercial production of 250,000 tonnes per year will start in the first quarter of 2002, gradually going up to its full capacity of 500,000 tonnes per year. Dh300 million was invested in the first phase to produce reinforcing bars that conform to international standards. "In addition to the production of steel rebars, a study is currently under way for the expansion and diversification of the factory's products by adding wire rod and light sections," said Gerold Strahlmann, acting general manager of the factory. "We will be selecting contractors early next year. Selection of consultants is in process," he said. The UK's McLellan & Partners Ltd acted as consultants for the factory while European majors involved in the construction were SMS Demag, Siemens, Babcock and Forni Industriali Bendotti. The factory is one of the projects of Abu Dhabi-based General Industries Corporation (GIC). It is their ninth project to go on stream. "The creation of this factory is part of a strategy to generate diverse multi-income sources of business," said Suhail Al Amiri, general manager of GIC. The factory is the biggest and largest in the UAE with the latest rolling mill technology, he added. Currently, the UAE's requirements are about 700,000 to 900,000 tonnes per year, with much of the demand being met through imports from Saudi Arabia, Turkey and Qatar. There are also some small producers in the UAE. "Demand for the products is projected to increase substantially due to many infrastructure projects coming up in the UAE and neighbouring countries," added Al Amiri. |
| source:Gulf News 14th Nov 2001 |
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