Abu Dhabi Basic Industries Corporation (ADBIC) and Bahrain's Midal Cables Ltd. has announced 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, according to a report published today by Arab News. 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.
