(MENAFN- Khaleej Times) Growth was recorded across the board: cable sales touched dh2
Ducab works with the civil defence authorities to enhance awareness of electrical fire safety. — supplied photo
High-quality cables and cabling products manufacturer ducab on sunday announced a 22 per cent growth in its sales revenue for 2013 to dh5 billion compared to the previous year on strong local demand and exports to numerous countries.
Growth was recorded across the board: cable sales touched dh2.9 billion (up 14 per cent) sales of rods and wires from ducab’s copper rod plant touched dh2.1 billion (up 34 per cent) and ducab high-voltage cable sales reached dh122 million (up 660 per cent).
Ducab chairman jamal salem al dhaheri said: “the positive results achieved by the company over the last year is testament to the strong leadership the innovative culture and the ability to identify and move towards market trends. as an entirely uae-owned company we find many parallels with the growth and success of our nation and remain committed to representing the uae as we grow.”
The company recently completed its first overseas acquisition with the purchase of aei cables of the uk in march 2014. aei is a specialist producer of mainly rubber cables for niche market sectors such as defence transport and fire protection. aei has in-house compounding expertise and manufacturing capability and is certified to work with blue-chip customers such as british aerospace and the london underground.
Al dhaheri added: “our growth continues as we expand into new product areas new geographies and even new industry sectors. our dynamism is the foundation for our strategy and we will continue to explore growth avenues to ensure the best for our employees stakeholders and the community within which we operate.”
The company is actively growing its product range with new offerings in 60-year-life nuclear power cables aluminium cables rubber cables along with relevant components and accessories. ducab has already made significant inroads into the far east the sub-continent africa and europe. of these africa and europe appear to hold the most promise especially in infrastructure development construction oil exploration and industrial development activity.
Ducab is an active member of the broader community and works with the civil defence authorities to enhance awareness of electrical fire safety. ducab is also represented at emirates authority for standardisation and metrology to standardise specifications and quality of low-voltage cables used in the uae.
In 2013 some of the key projects that ducab was engaged in include: enec’s barakah nuclear facility in the uae; shams 1 by masdar in abu dhabi; mohammed bin rashid al maktoum solar park with the dubai electricity and water authority; major contracts secured with key regional utilities — addc sec dewa; abu dhabi oil refining company; dubai airport project; emal expansion; supplied to customers in hong kong iraq africa the uk australia and many more countries.\
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.