Ducab launches new metals subsidiary
Khaleejtimes - Ducab, one of the UAE's largest manufacturing businesses, is consolidating its metal operations into a new subsidiary - DMB, a dedicated business unit within the Ducab Group of companies supplying 'Made in UAE' copper and aluminium solutions.
Ducab Aluminium Company (DAC) and Ducab Copper Rod Plant, which have over 160 employees between them, are included under the DMB umbrella. Today, DMB exports 75 per cent of its production to more than 35 countries in the wider Middle East, Africa, Asia, Europe, and the Americas. In 2019, Ducab's copper and aluminium business generated over Dh2 billion in revenue.
DMB, a stand-alone company within Ducab Group and the only company in the region to provide both copper and aluminium solutions, will be focused on serving the needs of all its customers - principally companies in the electrical manufacturing industry. DMB will have the capacity to design solutions which will be manufactured in DMB's existing copper rod and aluminium factories, both of which are based in Abu Dhabi, UAE.
Dr. Ahmad Bin Hassan Al Shaikh, chairman of Ducab, said: "The launch of DMB aligns with the growth of the metals segment within Ducab and gives us the opportunity to focus a dedicated team on the needs of our metal customers. In 2019 we increased our copper capacity by 30 per cent to 175,000 tonnes and this enhanced capacity, along with our 50,000 tonnes of aluminium, will allow us to grow the number of markets we serve."
DMB inherits Ducab Group's strong reputation for quality and service that has been built up over the last decade and now adds the advantage of a stand-alone focused structure.