Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE- Ducab revenue up 22% at Dh5 billion in 2013  Join our daily free Newsletter

MENAFN - Khaleej Times - 07/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Growth was recorded across the board: cable sales touched dh2

Ducab works with the civil defence authorities to enhance awareness of electrical fire safety. — supplied photo



High-quality cables and cabling products manufacturer ducab on sunday announced a 22 per cent growth in its sales revenue for 2013 to dh5 billion compared to the previous year on strong local demand and exports to numerous countries.


Growth was recorded across the board: cable sales touched dh2.9 billion (up 14 per cent) sales of rods and wires from ducab’s copper rod plant touched dh2.1 billion (up 34 per cent) and ducab high-voltage cable sales reached dh122 million (up 660 per cent).


Ducab chairman jamal salem al dhaheri said: “the positive results achieved by the company over the last year is testament to the strong leadership the innovative culture and the ability to identify and move towards market trends. as an entirely uae-owned company we find many parallels with the growth and success of our nation and remain committed to representing the uae as we grow.”


The company recently completed its first overseas acquisition with the purchase of aei cables of the uk in march 2014. aei is a specialist producer of mainly rubber cables for niche market sectors such as defence transport and fire protection. aei has in-house compounding expertise and manufacturing capability and is certified to work with blue-chip customers such as british aerospace and the london underground.


Al dhaheri added: “our growth continues as we expand into new product areas new geographies and even new industry sectors. our dynamism is the foundation for our strategy and we will continue to explore growth avenues to ensure the best for our employees stakeholders and the community within which we operate.”


The company is actively growing its product range with new offerings in 60-year-life nuclear power cables aluminium cables rubber cables along with relevant components and accessories. ducab has already made significant inroads into the far east the sub-continent africa and europe. of these africa and europe appear to hold the most promise especially in infrastructure development construction oil exploration and industrial development activity.


Ducab is an active member of the broader community and works with the civil defence authorities to enhance awareness of electrical fire safety. ducab is also represented at emirates authority for standardisation and metrology to standardise specifications and quality of low-voltage cables used in the uae.


In 2013 some of the key projects that ducab was engaged in include: enec’s barakah nuclear facility in the uae; shams 1 by masdar in abu dhabi; mohammed bin rashid al maktoum solar park with the dubai electricity and water authority; major contracts secured with key regional utilities — addc sec dewa; abu dhabi oil refining company; dubai airport project; emal expansion; supplied to customers in hong kong iraq africa the uk australia and many more countries.\



 


Khaleej Times




  MENA News Headlines
 Jun 30 2015 - Jordan- Crown Prince visits army headquartersJordan News Agency
(MENAFN - Jordan News Agency) HRH Crown Prince Al-Hussein bin Abdullah II, the Regent, on Monday, visited the General Command of the Jordan Armed Forces € Arab Army, where he was welcomed by the ...

 Jun 30 2015 - Jordan refuses Syrian accusations of intervening in its crisisJordan News Agency
(MENAFN - Jordan News Agency) Jordan, on Monday, rejected accusations leveled by some Syrian officials of the Kingdom interfering in the crisis in their country going on for more than four ...

 Jun 30 2015 - PRO TECHnology signs exclusive partnership with U.S InformaticaJordan News Agency
(MENAFN - Jordan News Agency) Jordan's PRO TECHnology has recently signed an exclusive partnership agreement with U.S. Informatica Company, the world's number one independent provider of data ...

 Jun 30 2015 - Jordan signs pact to create Asian bank for investmentJordan News Agency
(MENAFN - Jordan News Agency) Minister of Planning and International Cooperation, Imad Fakhoury, Monday signed an agreement to establish the Asian Infrastructure Investment Bank (AIIB) in Beijing as ...

 Jun 30 2015 - Jordan- Liberian vessel catches fire off Aqaba coastJordan News Agency
(MENAFN - Jordan News Agency) A Liberian ship, on Monday evening, caught fire in international waters off the Aqaba coast, authorities said. Acting-director of the Aqaba Ports Corporation, Mansour ...

 Jun 30 2015 - Egypt top prosecutor killed in Cairo attackJordan News Agency
(MENAFN - Jordan News Agency) Egypt's public prosecutor, Hisham Barakat, has been killed, Monday, in a bomb attack on his car in Cairo, officials say.Barakat died of his wounds in hospital after the ...

 Jun 30 2015 - Jordan- Fair weather conditions prevail todayJordan News Agency
(MENAFN - Jordan News Agency) Fair weather will continue today in hilly areas but it will be relatively hot in the Jordan Valley and Aqaba with north westerly moderate winds, according to the Jordan ...

 Jun 30 2015 - Jordan condemns assassination of Egypt's top prosecutor generalJordan News Agency
(MENAFN - Jordan News Agency) Jordan condemned a car bomb attack in Cairo on Monday that killed Egypt's top public prosecutor, Hisham Barakat.State Minister for Media Affairs Mohammad Momani told ...

 Jun 30 2015 - Palestinian hit by rubber bullet in NablusJordan News Agency
(MENAFN - Jordan News Agency) A 19-year-old Palestinian was hit in the foot by a rubber bullet during confrontations with Israeli occupation forces in Tal village near the West Bank city of ...

 Jun 30 2015 - UAE- Limitless nears $564m debt dealThe Arabian Post
(MENAFN - The Arabian Post) Dubai real estate developer Limitless has taken a step closer to securing a second restructuring on debt outstanding from Dubai's property crash six years ago.It said on ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help