Abu Dhabi: ZonesCorp is delighted to announce that it signed another agreement with the Jindal SAW Gulf for the expansion of its current facilities. The Agreement was signed at the Hannover Messe Industrial Fair last week.
Jindal SAW Gulf is planning a Dh367 million ($100 million) expansion of its ductile iron pipe facility in ZonesCorp’s Industrial City, which will boost production capacity by an additional 200,000 tonnes per year bringing the total production capacity to 500,000 tonnes per year. This expansion will attract two sizeable downstream investments to the ZonesCorp’s metal cluster from Jindal SAW Gulf’s partner — Super Cement Manufacturing.
Super Cement Manufacturing is owned by Sanjay Aggarwal — one of the partners of Jindal SAW Gulf, and currently manufactures cement in ZonesCorp’s Industrial City. It is investing an additional Dh367 million ($100 million) through its subsidiary Super Ferro Alloys, in a 75,000 tonnes ferro alloys complex located on 100,000 square metres greenfield site in close proximity to their existing plant.
New facility
In addition, Super Cement Manufacturing is investing in a Dh110m ($30 million) lime calcination plant with a production capacity of 450,000 tonnes per year. This new facility will be fully operational before end of 2014.
Collectively, the three new investments will attract a total of Dh845 million ($230 million) in new investment to ZonesCorp’s Industrial City and generate employment for an additional 500 people.
The agreement was signed last week at a signing ceremony at the Hannover Messe. As part of its commitment to showcase its partner companies and share its expertise and knowledge, ZonesCorp is leading a high level delegation of 19 important industrial manufacturing companies to the prestigious “Hannover Messe”, the world’s biggest industrial trade fair in Hannover, Germany,
Over the last 2 years ZonesCorp has gone from strength to strength attracting a steady stream of high quality local and international manufacturing companies to its acreage. In the last 2 years alone ZonesCorp attracted Dh11.3 billion of new investment, 152 new projects creating well over 12,000 new jobs. ZonesCorp’s success can be attributed to, among other things, excellent global connectivity, low cost of operations, high quality investor support, world class infrastructure and providing marketing support.
