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Article: United Arab Emirates: CPC and Arabian Roots form joint venture named Roots Steel, Plan to open factory in Egypt.
- Article from:
- TendersInfo
- Article date:
- July 5, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: pinto03
As a part of its continuous national, regional and international expansion plan, Construction Products Holding Company (CPC) and Arabian Roots Co.Arabian Roots Co have formed Roots Steel, a joint venture to produce pre-engineered steel structure buildings in Egypt, Syria and the United Arab Emirates.
Under the agreement, in which CPC will have a 70-30 percent majority stake in Roots Steel, three factories will be set up in Cairo, Damascus and Abu Dhabi at a total investment of USD80 million, USD27 million per factory. Total production capacity envisaged is 300,000 tons per year or 100,000 tons per factory. The Cairo factory is expected to ...