Ducab CEO on new copper, aluminium metal subsidiary DMB
Meconstructionnews - UAE-based Ducab has announced that its consolidating its metal operations into a new subsidiary – DMB (Ducab Metal Business), a dedicated business unit within the Ducab group of companies. Mohamed Al Ahmedi will head the business.
Al Ahmedi, in a statement, said that as a standalone business dedicated to this field, the creation of DMB will allow them to further improve the service of their clients whilst opening new opportunities to expand their reach. By further developing their capacity for metal solutions and services, DMB can contribute to the UAE’s flourishing industrial supply chain and the UAE’s strategy to champion industrial investments, he added.
Ducab’s CEO Andrew Shaw explained to MECN: “DMB is a 100 per cent ‘Made in UAE’ solutions provider. We have moved our existing business, which was the copper rod business – we have been doing that for 10 years now, selling into mainly regional markets for copper – we have moved the assets of that business and the management team into this new company. So, we have given them their own entity now rather than being part of the cable business.”
He said that the DMB management team will manage the copper rod business and the aluminium rod business, which is a separate company called Ducab Aluminium, but under the umbrella of DMB. The reason it’s being done now is the business has substantially grown over the last 10 years, Shaw said.
“it’s turning over $540 million and 75 per cent of the sales are export; we are selling globally. The aluminium business in particular is 95 per cent export, which we are selling to Europe, North and South America, throughout Africa, and of course the Middle East region.”