Ducab, aluminium and copper cables manufacturer owned by Abu Dhabi’s General Holding Corporation and Investment Corporation Dubai, has reportedly launched a new subsidiary unit Ducab Metals Business (DMB), aiming at supplying locally-manufactured aluminium and copper solutions to a global customer base.
As per the report, Ducab has already consolidated its metal operations into its newly launched unit.
The Ducab subsidiary exports 75 per cent of its production to more than 35 countries in the wider MEA region, Asia, Europe, and America. In 2019, before establishing the dedicated unit, Ducab’s copper and aluminium business had generated revenue above $544.5 million.
Ducab Metals Business will primarily cater to companies in the electrical manufacturing industry. It will have the capacity to design solutions that will be manufactured in its existing aluminium and copper factories in Abu Dhabi.
Commenting on the business venture, chairman of Ducab, Dr Ahmad Bin Hassan Al Shaikh, 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.”
Mohamed Al Ahmedi, the newly appointed general manager of DMB, added: "As a standalone business dedicated to this field, the creation of DMB will allow us to further improve the service of our clients whilst opening new opportunities to expand our reach. By further developing our capacity for metals solutions and services, DMB can contribute to the UAE's flourishing industrial supply chain and contribute to the UAE's strategy to champion industrial investments."
DMB is the only company in the region to offer both copper and aluminium solutions.