Abu Dhabi Basic Industries Corporation (ADBIC) and Bahrain's Midal Cables Ltd. announced yesterday the establishment of a $100 million aluminum rod and conductor plant at Abu Dhabi's Khalifa Port & Industrial Zone in Taweelah. The project, a joint venture, will begin operations in the first quarter of 2010. The state-of-the-art plant will produce 150,000 tons per annum of aluminum products, including aluminum rod and aluminum electrical overhead conductors, to serve as feedstock to further Abu Dhabi's downstream industries and to be exported internationally. The joint venture agreement was signed by Senior Vice President for Metals at ADBIC Jamal Al-Dhaheri, and Managing Director of Midal Cables Hamid Al-Zayani. "The establishment of this strategic partnership with Midal will be the first major milestone toward the expansion of Abu Dhabi's downstream manufacturing capacity in the metals sector. This partnership brings together the technical expertise of one of the world's largest manufacturers of aluminum rod and conductors with the experience of one of the leading industrial investment and development companies in the region", Al-Dhaheri said in a press statement published today by Arab News.
