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24-03-20
UAE: Ducab Group records 5 percent gain in profits in 2019
(MENAFN) The Ducab Group, the manufacturer of high-performance cables said in a statement that, it recorded a 5 percent expansion in income last year.
Ducab, owned by Dubai and Abu Dhabi governments, operates 6 manufacturing facilities across 4 locations in the United Arab Emirates.
It has an installed capacity of 115,000 metal tones of high, medium, and low-voltage cable solutions, upgraded production of 175,000 tons of copper rod and wire per annum. This is backed up by 50,000 tons per annum of aluminum rod and overhead conductors.
Ducab exports 60 percent of its general production globally.
"Ducab's 40th anniversary of operations saw our position as a leading manufacturer in the UAE solidified through a strong commitment to both the local and international markets. We are proudly flying the flag for 'Made in UAE' products across the world, with Ducab cables and accessories now used in more than 30 countries," according to Dr. Ahmad Bin Hassan Al Shaikh, Chairman of Ducab.
MENAFN2403202000450000ID1099903075
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