Conares commences installation of pipe mill in Jafza
DUBAI, March 18, 2016
Conares, a leading private steel manufacturer in the UAE, has commenced installation of its 12-feet pipe mill at its facility in Jebel Ali Free Zone.
It is part of Conares enhancing its annual production to one million tonnes, said a statement.
The state-of-the-art steel plants of Conares, spread in an area of over 1.5 million sq ft in Jafza, currently manufactures steel pipes and rebars.
The rebars represent about 20 per cent the UAE market share and the pipes cater to 25 per cent of the total market demand in the region.
Bharat Bhatia, chief executive officer, said: "We are enhancing our pipe manufacturing facilities and the new size range of the product will be from 4" to 12". We planned to increase the size of our pipe range a couple of years ago in order to meet the growing demand from the region's infrastructure development sector.
“Keeping the vision of the UAE and Dubai 2021, we expect multiplying our revenues to exceed Dh2 billion ($544.3 million) mark. In terms of facility growth, we are aligning Conares with the region's commitment to infrastructure developments. The Vision 2021 for Conares is crucial to make it a manufacturing powerhouse." - TradeArabia News Service
