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Article: New aluminium rolling mill in Dubai. (Industry).(Brief Article)
- Article from:
- MEED Middle East Economic Digest
- Article date:
- April 5, 2002
CopyrightCOPYRIGHT 2002 MEED Middle East Economic Digest. All Rights Reserved. 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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The local Dubai Investments (DI) announced on 2 April the signing of a memorandum of understanding (MoU) with Pechiney of France and the local A1-Ghurair Private Company (AGPC) to establish an aluminium foil rolling mill in the emirate (MEED 4:5:01).
A new company, Emiroll, is being set up to implement the project. It is a joint venture in which DI holds a 50 per cent stake, Pechiney 30 per cent and AGPC 20 per cent.
The new plant, to be located at Dubai Investments Park, is estimated to cost about $110 million-120 million. It will have an initial capacity of 33,000 tonnes a year (t/y) of aluminium foils, strips and coils, and will serve domestic and ...