Kezad Group, Dana Steel ink agreement to establish steel rolling complex
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Kezad Group, Dana Steel ink agreement to establish steel rolling complex

Kezad Group, Dana Steel ink agreement to establish steel rolling complex

The agreement with KEZAD Group marks Dana Steel’s first venture in Abu Dhabi

Gulf Business
Dana Steel Kezad sign agreement

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 establish its first hot and cold rolling steel complex in Abu Dhabi.

Under the terms of the agreement, Dana Steel will invest to develop a 50,000 square metres facility in KEZAD.

The new complex will facilitate backward integration of the company’s continuous galvanising and continuous colour coating lines and will have 500,000 metric tonnes rolling capacity.

This approach will help boost Dana Steel’s manufacturing capacity in the GCC by replacing imported raw materials, such as cold rolled full hard coils, with a new ‘Made in UAE’ supply.

Mohamed Al Khadar Al Ahmed, CEO, KEZAD Group, said, “Owing to the modern infrastructure and efficient transportation network offered by KEZAD and Khalifa Port, investors such as Dana Steel are selecting our industrial ecosystem as a base from which to grow their operations in the UAE and globally. By enabling vertical integration of their manufacturing supply chain, we look forward to supporting Dana Steel on its journey to serve customers and expand its international reach.”

Dr Ankur Dana, CEO of Dana Steel Industry, said, “With worldwide demand for quality steel products set to grow, we are quite excited to start this milestone project in KEZAD, which builds upon our efforts to enhance value for our customers across continents. This project will be our ninth Industrial Facility within the UAE, several unique factors led us to choose KEZAD for this venture including the world-class infrastructure on offer, in addition to seamless connectivity to global markets and easy access to natural gas at competitive rates.”

The agreement with KEZAD Group will mark Dana Steel’s first venture in Abu Dhabi. The plant will also have capabilities to recover and recycle waste acid, enabling the company to pursue a circular economy approach.

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