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Al Ghurair Iron Steel Launches Cold Rolling and Galvanising Project



Al Ghurair iron & Steel held a ground breaking ceremony at its one million sq ft plot in the Industrial City of Abu Dhabi (ICAD) at Musaffah. Present at the historic moment were esteemed customers, dignitaries from government departments and business houses, steel processors and buyers, fabricators, consultants and representatives of equipment suppliers and contractors.



Majid Saif Al Ghurair and Ahmed Lafir, the co promoters of the promoting company Tradeline LLC, Dubai, thanked the management team of ICAD which has helped in getting all the regulatory approvals in an expeditious manner. The two business leaders also detailed the reason behind setting up this facility which will supply products that were until now being imported.



Today not even a tonne of the galvanised material is produced in the UAE. However when the Al Ghurair plant is operational, users of flat rolled galvanised material will be able to procure high quality products in the country. The new plant will not only cut short delivery schedules drastically, but also will help in insulating the users from volatility of the fluctuating prices. The local production will also help the buyers in reducing their inventory carrying costs as well as in obtaining materials of their choice of size, thickness and coating.



The first coil is projected to roll out in September 2007. In its efforts to achieve this production target, a very fine and well defined road-map has been drawn with the help of participating agencies to meet the tough schedules.



The complex is being set up by a professional team of project managers with vast global experience experience. The project, besides being of strategic importance to UAE's8217;s industrial development, would also leverage the industrial growth of upstream and downstream manufacturing facilities aligned to the segment and will usher in an era of rapid investment opportunities in manufacturing.



To meet the tough and stringent requirements of discerning builders, developers and fabricators, the facility will incorporate state-of-the-art technology leveraging the advances and developments in the production process of high quality construction steel from across the world.



The complex is aimed at meeting the ever growing appetite of the region's8217;s booming construction and industrial sectors and the finished products rolling out will carry the prestigious label - 's8220;GCC Certificate of Origin's8221;.



The newly formed steel company Al Ghurair iron & Steel LLC (AGIS) is a part of the Majid Saif Al Ghurair Group. The group commands respect and trust not only within the region but also across global markets and is today one of the top business conglomerates in the UAE with interests in retail, manufacturing and various other industrial sectors.

Some of the group companies are Tradeline LLC, Gulf Extrusions (Aluminium), Shuaa Capital, Burjuman Centre and Al Reef Mall, to name a few.



Tradeline LLC, an AED 1.05 billion company, is among the UAE's8217;s leading trading houses and is active in steel trading in GCC, Iran, and the Indian Sub-continent apart from commodity trading, shipping and chartering operations for the last two decades.



The complex is coming up at the 100,000 square metres of industrial land acquired by AGIS at Industrial City of Abu Dhabi (ICAD), Musaffah Abu Dhabi. The manufacturing complex will occupy 50,000 square mtrs of the site and the remaining 50,000 sqr.mtrs will be utilized for roads, office complex with adequate provisioning for future expansions. Potential customers for the plant's8217;s products are expected to be from the construction sector, fabrication units and Oil & Gas sector.



For further clarifications and information, contact

Mr. Raman Madhok, Chief Executive Officer, Tradeline LLC Dubai on 00971-04-2219086






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