Conares inaugurates Dh150m colour-coated steel plant in JAFZA

Steel manufacturer Conares announced the official inauguration of its Dh150 million colour-coated steel plant in Jebel Ali Free Zone (JAFZA), Dubai, on Thursday.

The plant has a capacity to produce 100,000 metric tonnes of colour-coated galvanised steel coils, strips, and sheets per annum.

The plant was inaugurated by Helal Saeed Al Marri, Director General of Dubai Department of Economy and Tourism, in the presence of Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World; Abdulla Bin Damithan, CEO and Managing Director of DP World UAE and JAFZA; Bharat Bhatia, Chairman and CEO of Conares, among others.

“The construction sector has contributed significantly to the UAE’s development and progress – from world-class infrastructure to the iconic buildings we house. Conares is one of the entities driving the success of this industry. This new facility will add further value to the sector’s offerings to the local, regional, and international markets. We are proud to support such organisations through our advanced facilities, and unmatched multimodal connectivity,” said Bin Sulayem.

Commenting on the opening of the new facility, Bhatia said, “We are proud to launch our colour-coated line, the most advanced facility of its kind in the region’s steel manufacturing sector. With the launch of this new plant, we expect the revenue to increase by 10 to 15 per cent gradually, in comparison to that of the previous year. We are also aiming to increase our dispatch by 5 to 7 per cent this year.”