Ducab, one of the leading manufacturers of high-quality power cables in the Middle East, has announced record sales of Dh4.9 billion ($1.33 billion) for 2011, up 39 per cent over the previous year.
Announcing the results on Wednesday, Duca
Italy-based Prysmian Cables & Systems, a leader in energy systems, has won two contracts worth 60 million euros ($88.9 million) to supply special cables for oil, gas and petrochemicals applications in the UAE and Kuwait.
In a deal sign
Ducab, a leading manufacturer of power and special cables in the region, has won an order worth Dh110 million ($29.9 million) from China Petroleum Engineering and Construction Corporation (CPECC) for the Abu Dhabi Crude Oil Pipeline (Adcop).
Ducab, a leading manufacturer of high-quality power cables, has achieved global sales of Dh2.4 billion ($653.40 million) during 2009.
The company's market share in the UAE rose by 10 per cent from the previous year, it said.