Quotes: US 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.\



 






  MENA News Headlines
 Aug 22 2014 - Scottsdale Accident Lawyer Weighs in on Child Sports InjuryMENAFN Press
(MENAFN Press) Scottsdale Accident LawyerWith at least 20 million children involved in organized sports activities injuries are very likely to occur. What legal options do parents have in cases of ...

 Aug 22 2014 - The bac rac Outstanding Innovation in Back Pain Relief raises 15k on KickstarterMENAFN Press
(MENAFN Press) bac rac the outstanding innovation in back pain relief has successfully raised 100% of its funding target in just over 2 weeks on Kickstarter the crowd funding website.bac rac has ...

 Aug 22 2014 - San Diego Segway Tours by Wheel Fun Rentals Offers 50% Discount to End the Summer SeasonMENAFN Press
(MENAFN Press) To celebrate the end of a wonderful summer season and the start of a new school year San Diego Segway Tours by Wheel Fun Rentals is offering a 50 percent off coupon to anyone who ...

 Aug 22 2014 - Ortho Back-Up Launches a New Episode on their Weekly Tips to Prevent Back PainMENAFN Press
(MENAFN Press) Ortho Back-Up has launched a new episode on their Weekly Tips to Prevent Back Pain. The upcoming 6th episode is entitled Stretches for Your Back. This new episode is sure to give ...

 Aug 22 2014 - MrQuickPick Launches RideShare Partner ProgramMENAFN Press
(MENAFN Press) MrQuickPick the multiple award winning national car unlocking service has announced the commencement of their Partner Program that enables qualified Lyft and Uber drivers to offer ...

 Aug 22 2014 - Saudi - Agriculture sector advances 1.3Arab News
(MENAFN - Arab News) The Saudi stock market continued its positive movement and managed a fourth straight rise on Wednesday accumulating more than 56 points.The Tadawul All-Share Index (TASI) set out ...

 Aug 22 2014 - 20 Most Popular Family Cruise ShipsConsumer Reviews Reveal Most Popular Cruise ShipsMENAFN Press
(MENAFN Press) Built in 2009 the Oasis of the Seas and her sister ship the Allure of the Seas are the largest cruise ships afloat. At a cost of $1.4 billion apiece these floating palaces weigh about ...

 Aug 22 2014 - Hollande: France armed Syrian rebels 'a few months ago'Arab News
(MENAFN - Arab News) SAINT-PIERRE France: President Francois Hollande said on Thursday that France had delivered weapons to rebels battling the Syrian regime of Bashar Assad 'a few months ago.'The ...

 Aug 22 2014 - Europeans in push for new UN resolution on GazaArab News
(MENAFN - Arab News) UNITED NATIONS: Britain France and Germany have put forward key points of a new UN Security Council resolution on Gaza in a fresh bid to end six weeks of violence diplomats said ...

 Aug 22 2014 - Saudi - Woman kicked fined for trying to enter giraffe penArab News
(MENAFN - Arab News) MILWAUKEE: A California woman who got kicked in the face after trying to climb into the giraffe exhibit at a Madison zoo has paid a fine and apologized.Police say 24-year-old ...

more...


 






Google

Click to Apply

 
 

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help