Alam Steel Ltd and Macsteel SA have announced a 50-50 joint venture to set up the Middle East's first service centre for processing high grade steel plates and sections for the petrochemical, mining and earthmoving, shipbuilding, construction, manufacturing and fabrication industries.

The state of the art facilities will cost Dh100 million ($27.23 million), will be operational within a year and will be based in a 300,000 square foot facility in the Jebel Ali Free Zone which has already been acquired.

“Alam Steel's decision to set up its new facility in Jafza will certainly help the company in consolidating its presence in the UAE and in the region as a whole," said Jafza senior vice-president of commercial sales Ebrahim Al Janahi.

“The opening of this facility shows the magnitude of the company's expansion plans and also the confidence it has in Jafza as the base for new operations."

A complete range of flat steels will be processed by the service centre, including commercial, structural, pressure vessel, stainless, wear resistant and many other grades using modern machinery which will be controlled and backed up by a competent team of engineers in a state of the art drawing office.

 Cut to length, saw and drilling services will also be available for long products. – TradeArabia News Service