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EIIC will invest Dhs350m in the wire and cable factory in Algiers, Algeria, with an expected completion date in 2009.
Mr. Omar Younis, Electrocab's General Manager, said 'The factory is to meet the increasing demand for power and building wire cables in the Algerian and Western Arab markets. The Algerian wire and cable factory is a direct result of the success of the Abu Dhabi facility, which has also led us to construct the magnet wire factory in Industrial City, Abu Dhabi as well.'
Mr. Younis explained the product range will include low, medium and high voltage cables in copper and aluminum that adhere to best international standards.
The factory will be built on a 10 hectare site and will encompass manufacturing, distribution and management facilities. Production will commence in mid 2008 at a primary annual level of 40,000 tons of copper and 7,000 tons of aluminum, and increase in the future. Mr. Younis insists quality in all its aspects is the priority for EIIC and has created a team of experienced cable professionals with the responsibility to ensure that all finished products satisfy international requirements. Top quality machinery has been sourced from Europe's leading suppliers.
EIIC owns investments in many sectors, including banking, industry and commerce which in a short time, has created many unique and innovative projects.
EIIC begins construction of Dhs350m Electrocab Emarat cable factory in Algeria
In line with their expansion strategy, Emirates International Investment Company (EIIC) has announced the construction of a third wire and cable factory.
- United Arab Emirates: Wednesday, December 05 - 2007 at 13:27
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About EIIC:Emirates International Investment Company - EIIC is part of National Holding, a leading Abu Dhabi-based private holding company. Founded in 1999, EIIC focuses on Investments in various growth sectors in UAE, MENA and globally.
EIIC is active in the industrial, agro-industrial, real estate and investment sectors.
Some of EIIC's construction companies under the industrial division are:
Union Rebar for Steel Forming
Aswaar Pre-cast Fences ( first in UAE)
Ascom Mining
Tameer Autoclave
Pre-cast concrete
Tameer Dry Mortar
Glasswool ( first in UAE)
Geo Textile ( first in UAE)
Some of EIIC's other companies are:
National fodder production & marketing
Emirates Filament
Electrocab Emirates
Union Copper Rods
National Industries Complex
Abu Dhabi International Medical Services
Etihad National Travel and Tourism
West Coast Cleaning Services
Emirates Link Trading
Babteen-LeBlanc Communications Towers
EIIC's Real Estate division manages around 30 properties in Abu Dhabi and in Al Ain, with some other big projects in the pipeline.
EIIC's Investment division's focus is on Strategic Investment, Private Equity, Capital Market and Alternative.
In the local market, EIIC has long term strategic investments in:
Abu Dhabi Islamic Bank
National Bank of Abu Dhabi
Abu Dhabi Commercial Bank
First Gulf Bank
Commercial Bank International
Internationally, EIIC has a long term strategic investment in:
Vivendi
Global Alumina
Egypt National Petroleum
For further information about EIIC, please contact:
Telephone: + 971 2 6679777
Fax: + 971 2 6679997
Posted by Lara Lynn Golden, News EditorWednesday, December 05 - 2007 at 13:27 UAE local time (GMT+4)
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Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AME Info Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
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