Emirates Steel commissions 2nd phase of expansion plan
Emirates Steel in Abu Dhabi is increasing manufacturing capacity since it opened five years ago from 750,000 tonnes to 2.8 million tonnes.
April 17, 2011 8:16 by Reuters
Abu Dhabi’s Emirates Steel has commissioned the second phase of its expansion plan which will take the annual steelmaking capacity of the company to 2.8 million tonnes, the company said on Sunday.
Emirates Steel, a subsidiary of government-owned Abu Dhabi Basic Industries Corporation (ADBIC), launched a two-phased expansion programme worth $2.45 billion in January 2006.
The first phase, worth $816 million, was completed in June 2009 and has increased the rolling output capacity from 750,000 tonnes to 2.1 million tonnes.
(Reporting by Humeyra Pamuk, Editing by Alex Richardson)