Ducab announces record breaking end of year turnover sales

With the first half of the year breaking all time record total sales at Dhs1.1bn, the year ended with an outstanding result of Dhs2.4bn, an increase in excess of 50% compared to 2006.

Commenting on Ducab's outstanding result for 2007, Ducab's Managing Director, Mr. Andrew Shaw said: 'Once again Ducab's financial performance has exceeded all expectations. These phenomenal results demonstrate Ducab's strong presence in the increasingly competitive GCC market and its commitment to progress and technological improvements.' He thanked all those that contributed to making it possible including the company's executive management team and employees, customers, agents, contractors and suppliers for their dedication and continued loyalty towards achieving these results.

Ducab's exceptional 2007 financial results reaffirm the organization's leading regional position in providing advanced cable solutions within the industry. Ducab's expansion of the Abu Dhabi and Dubai factories and the company's focus on serving the needs of its customers, have all resulted in the achievement of these phenomenal financial results. 'I am confident that we will continue to raise our performance and I am very optimistic that we will have another successful year ahead us', Mr. Shaw added.

Ducab was established in 1979 as the first purpose-built cable manufacturing company in the UAE and is equally owned by the Government of Dubai and Government of Abu Dhabi. Its product range covers High voltage cables up to 132 kV, Ducab Powerplus medium voltage cables (up to 33 kV), low voltage power cables, control and auxiliary cables, wiring and lead-sheathed cables, and Ducab Smoke master, low smoke and fume zero halogen cables. Ducab is also well known as the distributor of Ducab Connect cable accessories.

Ducab has always emphasized on quality in its organisation and is certified ISO 9001: 2000 Quality Management Standards and ISO 14001 Environment Management Standards.

Over the last ten years, Ducab has undertaken many developments including the manufacture of Medium Voltage cables in 1998, the opening of the new Abu Dhabi factory in 2005, its PVC Compounding facility in Jebel Ali opening a year later in 2006, and its Copper Rod casting plant in Musaffah. All of these completed projects were finished on time and within budget. In January 2007 Ducab announced it's biggest ever expansion plan at a cost of Dhs660m, doubling its capacity.

With these developments completed Ducab continues to be the most advanced power cable company in the region provided by its World Class facilities. Striving to continue its development and growth, the company is already considering its next major steps forward.