Ducab's $136m JV on track
Dubai, March 9, 2011
Ducab, a leader in power cables, said that machine installation is progressing as per the schedule at Ducab HV, the new Dh500 million ($136 million) joint venture between Ducab, Adwea and Dewa, in Jebel Ali.
Ducab HV will extend the company’s range to extra high voltage products (up to 400kV), covering the highest voltage currently used in the GCC, it said in a statement.
The plant will operate as the first dedicated high-voltage facility in region, and will increase Ducab’s production capacity by 30,000 tonnes, it added.
The announcement came during Ducab’s participation as a main sponsor at the ongoing Water, Energy Technology & Environment Exhibition (Wetex 2011), where the company is showcasing its entire range of energy cables, accessories and copper products.
The 13th Wetex Exhibition opened yesterday (March 8) at the Dubai International Exhibition Centre, and will end tomorrow.
“The bulk of the machinery at the HV plant is sourced from European suppliers, and their expert installation teams are providing assistance to the Ducab Project Team to facilitate commissioning and installation,” said Jon Vail, Ducab HV CEO.
“Once the plant becomes operational, we expect to sell over AED 1 billion of cable and associated services annually, which will firmly entrench the company as market leader in the category.”
Ducab chairman Ahmed Al Shaikh said: “We are proud to be one of the main sponsors for Wetex 2011, which is an excellent platform to network with purchasers and decision-makers in the industry as we highlight new additions to our product range.”
“As regional economies continue to grow, the need for electricity and power infrastructure grows too. The Ducab HV factory is designed to meet these needs, supporting Adwea, Dewa and other regional utilities with the highest quality high voltage and extra high voltage cables."
"We see this expansion in the Ducab portfolio beneficial not only to Ducab and its new partners but to the UAE society as a whole,” he concluded. – TradeArabia News Service
More Energy, Oil & Gas Stories
- Fuel prices in Bahrain set to double by 2017
- Iraq's oil exports rise to 71.4m barrels in Nov
- MEE launches energy conservation contest
- TSL wins Jordan solar power contract
- SEC signs $366m loan for Jeddah power plant
- Kurdish oil exports 'only with Iraq approval'
- UAE launches energy conservation drive
- Rising Saudi fuel use 'bigger threat than shale'
- Dentons boosts Mideast energy practice
- India seeks Iran's financial guarantees for ships