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ZonesCorp is delighted to announce that it signed an agreement with United Iron & Steel Company LLC., Abu Dhabi at the Hannover Messe Industrial Fair last week.
United Iron & Steel Company LLC., will invest AED507 Million (€100m) to build a purpose built steel rolling mill complex in ZonesCorp Industrial City. The construction of the complex is due to start in the second quarter of 2014 and commercial production by first quarter of 2016 and will have an initial production capacity of 300,000MT/annum, with the intention of ramping up the production to 500,000MT/annum thereafter. The complex will span 126,000 sq metres and produce galvanised steel coils and pre-painted galvanised steel coils for use in applications such as roofing, cladding, ducting and many other building applications. The company will supply UAE, MENA region and Continental Europe Markets and will generate employment for approximately 250 people.
United Iron Steel Company LLC has partnered with world leading steel complex production Lines companies such as Danilei, Siemens, ABB, Andritz and EMG to provide the state of the art equipment for the facility including a Push Pull Pickling Line, Hydrochloric Acid Regeneration Plant, 4-Hi Cold Reversing Mill, HR, CR combo hot dip Galvanising Line, CR Slitting Line and Cut to Length Line. United Iron & Steel Companyllc is a Joint venture between the AJ Group, Dubai and SAFID Co. LTD, KSA.
The contract was signed last week at a signing ceremony at the Hannover Messe. As part of its commitment to showcase its partner companies and share its expertise and knowledge, ZonesCorp is leading a high level delegation of 19 important industrial manufacturing companies to the prestigious ‘Hannover Messe’, the world’s biggest industrial trade fair in Hannover, Germany,
Over the last 2 years ZonesCorp has gone from strength to strength attracting a steady stream of high quality local and international manufacturing companies to its acreage. In the last 2 years alone ZonesCorp attracted AED 11.3billion of new investment, 152 new projects creating well over 12,000 new jobs. ZonesCorp’s success can be attributed to, among other things, excellent global connectivity, low cost of operations, high quality investor support, world class infrastructure and providing marketing support.
HE Mohamed Hasan Al Qemzi, Chief Executive Officer at ZonesCorp commented:
“We are delighted to welcome the United Iron and Steel Company as a Zonescorp partner. The state of the art complex will be a strong addition to our existing cluster and we look forward to helping the Group to fully realise their ambitions.”
JamalJawhari, Partner & Member of the Board of United Iron & Steel Company LLC said:
"The ZonesCorp model is extremely attractive for us, the ‘one stop shop’ approach and the potential for synergies within the cluster in particular. Added to that, the combination of low energy and fuel costs, the strategic location of Abu Dhabi to serve our target markets and the pro-industry stance of the UAE government makes ZonesCorp and Abu Dhabi the ideal choice."
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