(Menarfin– Age of Khaleej) Khalifa Economic Zones Abu Dhabi – Kezad Group has signed a preliminary agreement with Dana Steel, the flagship manufacturing unit of industrial conglomerate Dana Group, to set up its first hot and cold rolling mill in Abu Dhabi.
Under the terms of the agreement, Dana Steel will invest in the development of a 50,000 square meter facility in Kezad. The new complex will facilitate the backward integration of the company’s continuous galvanizing and continuous color coating lines and will have a rolling capacity of 500,000 tonnes. This approach will help increase Dana Steel’s manufacturing capacity in the GCC by replacing imported raw materials, such as cold-rolled full-hard coil, with new UAE-made supply.
By providing a base for Dana Steel’s first factory in Abu Dhabi, Kezad Group has extended its support for Abu Dhabi’s Industrial Strategy, which aims to increase the size of the emirate’s manufacturing industry by 2031 through a series of transformational programs More than double that to 172 billion dirhams.
Established in 2017, Dana Steel is one of the largest and most modern manufacturers of Hot Dip Galvanizing (HDG), Aluzinc (AZ) in the region to the consumer market in more than 50 countries in Middle East, Africa, Europe and America , Prepainted Galvanized (PPGI), Prepainted Aluminum Zinc (PPAZ) and Prepainted Aluminum (PPAL) steel coils and sheets.
Mohamed Al Khadar Al Ahmed, Chief Executive Officer, Khalifa Economic Zones Abu Dhabi – Kezad Group, said: “Investors such as Dana Steel are choosing our industrial ecosystem as an investment in the UAE due to the modern infrastructure and efficient transport network provided by Kezad and Khalifa ports. and a base to grow our business globally. We look forward to supporting Dana Steel in its journey to serve customers and expand its international presence by vertically integrating its manufacturing supply chain.”
Dr Ankur Dana, CEO of Dana Steel Industry, said: “With the growing global demand for high-quality steel products, we are delighted to launch this milestone project at Kezad, which builds on our efforts to add value to our customers across continents. The project will be our ninth industrial facility in the UAE, and several unique factors led us to choose Kezad for this investment, including the provision of world-class infrastructure, seamless connectivity to global markets and the ability to be competitive Easy access to natural gas at affordable prices.”
The agreement with Kezad Group will mark Dana Steel’s first joint venture in Abu Dhabi and welcome the first Hot Rolled Pickling Oiled (HRPO) and Cold Rolled (CR) mills in Kezad. In addition to constructing a metal product manufacturing facility at Kezad Group’s Metal Centre, the plant will also have the capability to recover and recycle spent acid, enabling the company to adopt a circular economy approach. In Phase 2 of the expansion, Dana Steel will install a continuous galvanizing line (CGL) and a color coating line (CGL) at the same Kezad complex.
