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ETA invests $80m in steel mills
- United Arab Emirates: Tuesday, November 25 - 2008 at 08:49
Launching its first foray into steel manufacturing, ETA Ascon Star Group has announced that it has invested $80m in a new subsidiary, Star Steel International. The subsidiary is to set up steel rolling mills in the Hamriyah Free Zone in Sharjah to produce steel rebars and steel structural sections. The expected production of steel rebars is 360,000 tonnes per annum and steel structural sections is 240,000 TPA.
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