Manufacturing and Industry

looking at the manufacturing and industry sector in the Middle East

Hyundai signs $2bn Qatar deal
South Korean firm Hyundai Engineering and Construction has signed a $2bn agreement to build a desalination and electricity plant in northern Qatar, the Peninsula has reported. The plant is scheduled for completion 2011 in Ras Laffan Industrial City, 80km north of Doha.
Qatar: Sunday, May 04 - 2008 at 08:55

ADNEC eyes ExCel London
Abu Dhabi National Exhibitions Company (ADNEC) has submitted an offer to buy ExCeL London, the UK capital’s largest exhibition and conference venue, through its UK division, ADCG, reported Khaleej Times. ADNEC said the offer values at approximately £178m.
United Arab Emirates: Saturday, May 03 - 2008 at 10:11

Qatar National Cement seeks $120m loan
Qatar National Cement Co said it plans to borrow $120m to help complete a new cement plant and fund other projects, the company said in a statement to the Doha Securities Market today. It did not name banks or provide any other information, reported Bloomberg.
Qatar: Thursday, May 01 - 2008 at 13:40

UAE committed to fixed cement prices
A top UAE official has affirmed that cement plants across the country have pledged their commitment to maintaining cement prices at Dhs17 ($4) per bag, reported Khaleej Times. Mohammed Ahmed bin Abdulaziz Alshihhi, Undersecretary of the UAE Ministry of Economy, issued a press statement clarifying that rumours about cement plants increasing prices are untrue. He also emphasised that action would be taken against plants in the UAE that raise prices.
United Arab Emirates: Thursday, May 01 - 2008 at 12:06

ME demand helps power Cummins
US-based engine maker Cummins said international demand accounted for 57% of its $3.5bn first-quarter sales and helped to offset both rising commodity prices and lagging US markets, reported Forbes. The manufacturer said demand for commercial generators surged in the Middle East, India, Britain, and Asia, while turbochargers and exhaust after-treatment products were hot items in North America and Europe.
Thursday, May 01 - 2008 at 09:11

Steel prices could see correction
Global steel prices, which have been pushed to new highs due to soaring production costs, strong demand and tight supplies, may be headed for a correction towards the end of this year, reported Gulf News. Analysts say steel demand is expected to remain solid for at least the first half of 2008, but it may lessen in the latter half of the year, which would help ease prices.
Wednesday, April 30 - 2008 at 09:46

Conmix is first at Dubai Industrial City
Dubai Industrial City, the largest integrated industrial hub in the Middle East, has welcomed its first industrial operator, Conmix Limited, a provider of ready mix concrete, pre mix plaster and construction chemicals. Conmix's two factories were built at an investment of Dhs42m ($11.4m) in the city's Mineral zone. The manufacturing units are spread over 200,000 sq ft, with both factories offering a combined annual production capacity of 300,000 tonnes.
United Arab Emirates: Wednesday, April 30 - 2008 at 08:39

Gulf Investment, Global buy 33% Alumco stake
Gulf Investment Corporation will buy a 24.46% stake and Global Investment House 8.49% in Alumco, a UAE-based aluminum and glass façade manufacturing company. Samer Barakat, Managing Director of Alumco, said the company aims to position itself as the No.1 aluminum and glass façade manufacturing company in the Gulf.
United Arab Emirates: Tuesday, April 29 - 2008 at 08:06