During an event held in the presence of His Highness Sheikh Hashir bin Jomaa Al-Maktoum, MADAR Holding opened the doors to its newest subsidiary in the region. The production facility in Dubai Investments Park is expected to manufacture 300,000 tons of steel per year which will in turn be distributed to companies in the region. Costing AED 75 million, the facility will be among the largest of its kind in the GCC and will start operating immediately with June 2007 seeing further additions to the service.
Mr Sameh Hassan, CEO of MADAR Holding said at the event:
"Our aim is to deliver the highest quality materials within the quickest possible time. We are here to support the construction industry and are making every effort to ensure our service meets the highest standards expected in the industry. The factory has been built with convenience for our customers in mind - with easy access and dedicated customer service teams working round the clock to satisfy even the most demanding customer needs."
The factory will be a state-of-the-art Cut & Bend and Wire Mesh production facility and will offer a comprehensive service to meet the requirements of customers. The services will include straight steel bars cut to length, Rebar coils straightening and cut and bend steel. The mesh facility will be available in June of this year and includes standard wire mesh and tailor-made wire mesh (primarily mesh is used for concrete reinforcement). The factory with all its facilities covers an area of 700,000 square feet and it sources its reinforcement steel mainly form Turkey, Qatar, Saudi Arabia and the UAE.
"Today, we are working harder than ever before to make sure our customers receive a prompt service and that they are continually able to count on the name MADAR." stated Mr. Hassan. "Experience in both the regional and international arenas is key when a company chooses a supplier/manufacturer such as MADAR-with over 40 years presence in the market. With this kind of infrastructure is in place, we are prepared to meet demand as and when it comes and to deliver what we promise when we promise it."