UAE-based Ducab has introduced that its consolidating its steel operations into a brand new subsidiary – DMB (Ducab Metallic Enterprise), a devoted enterprise unit throughout the Ducab group of corporations. Mohamed Al Ahmedi will head the enterprise.
Al Ahmedi, in a press release, stated that as a standalone enterprise devoted to this subject, the creation of DMB will permit them to additional enhance the service of their shoppers while opening new alternatives to develop their attain. By additional growing their capability for steel options and providers, DMB can contribute to the UAE’s flourishing industrial provide chain and the UAE’s technique to champion industrial investments, he added.
Ducab’s CEO Andrew Shaw defined to MECN: “DMB is a 100 per cent ‘Made in UAE’ options supplier. Now we have moved our current enterprise, which was the copper rod enterprise – we now have been doing that for 10 years now, promoting into primarily regional markets for copper – we now have moved the property of that enterprise and the administration staff into this new firm. So, we now have given them their very own entity now reasonably than being a part of the cable enterprise.”
He stated that the DMB administration staff will handle the copper rod enterprise and the aluminium rod enterprise, which is a separate firm referred to as Ducab Aluminium, however below the umbrella of DMB. The explanation it’s being accomplished now’s the enterprise has considerably grown over the past 10 years, Shaw stated.
“it’s turning over $540 million and 75 per cent of the gross sales are export; we’re promoting globally. The aluminium enterprise specifically is 95 per cent export, which we’re promoting to Europe, North and South America, all through Africa, and naturally the Center East area.”
“The copper enterprise is a little more regional; we’re promoting into Africa, however particularly into GCC and India. So, when you’ve got a enterprise with that form of scale, its personal clients, its personal product line, and its dynamic – I imply DMB – the steel enterprise offers with totally different clients and has a special rhythm than our low voltage, medium voltage cable enterprise.”
“Furthermore, in 2019 we elevated our copper capability by 30 per cent to 175,000 tonnes and this enhanced capability, together with our 50,000 tonnes of aluminium, will permit us to develop the variety of markets we serve. Moreover, because the enterprise has grown we now have thought that now’s the time for it to have its personal identification, and forge its personal path, which is separate from the trail we’re envisioning for our cable enterprise.”
Shaw emphasised that they’re utterly aligned with the UAE Industrial Technique. “All our manufacturing property are right here within the UAE and we’re most likely one of many largest non-oil, non-aluminium manufacturing companies within the UAE. The corporate builds upon Ducab’s intensive experience and capitalises on the UAE’s robust place within the world metallurgy markets.”
“DMB will present clients with an efficient provide chain and sensible monetary administration devices. It’ll additionally search to develop enterprise potential by tapping into the worldwide demand for tailored merchandise, designed particularly to satisfy the distinctive wants of our clients’ dynamic industries,” he concluded.
The submit Exclusive: Ducab CEO on new copper, aluminium metal subsidiary DMB appeared first on Middle East Construction News.
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