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New steel firm for AD
- United Arab Emirates: Sunday, February 25 - 2007 at 08:03
Abu Dhabi's state-run General Holding Company has established Emirates for Steel Industries as an affiliate company and has decided to incorporate the existing Emirates Steel Factory in the new entity, reported Gulf News. The total investment will be around $1.1bn, including the current expansion of the ESF at a cost of $816m. The factory's steel output will rise from 650,000 metric tonnes to 2m tonnes.
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Jonathan Sheikh-Miller, Deputy EditorSunday, February 25 - 2007 at 08:03 UAE local time (GMT+4)
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This article was updated on Wed Mar 14 2007.
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