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MediaIn – Abu Dhabi March 5,
Emirates Steel Company has been able to consolidate its position in the Middle East as a pioneer of the national steel industry. The Emirati executive management reached 75% of the company. Emiratisation accounted for 21% of the total workforce.
This came in response to the question “Media In” during the annual media gathering organized by “Emirates Iron” with the media.
Eng. Saeed Al Rumaithi, CEO of Emirates Steel Company, a subsidiary of General Holding Company, said that the company, which has more than 2,200 employees, provides jobs for 467 citizens, including 76 engineers, 307 technicians and 84 managers.
Adding that the company has developed a plan to attract more citizens and citizens to work in it, and launched a “smart thinking” to engage the employees of the company by listening to their suggestions for the development of work, in addition to the training program for citizens under the title “leaders of the future,” which aims to develop staff and training and refinement His skills.
The company is making significant efforts to raise its Emiratisation to 34% by 2020. The company looks forward to the future with an optimistic outlook. It is seeking to implement its Emiratisation strategies and give UAE nationals the opportunity to contribute to its growth and participation in its expansion.
Al Rumaithi disclosed that the company’s revenues reached AED 6.6 billion at the end of 2017, an exceptional increase of 22% compared to AED 5.4 billion at the end of 2016.
Al-Rumaithi stressed that the company focuses on manufacturing high quality steel products to meet the needs of the construction boom and large infrastructure projects in the local, regional and international markets. Heavy structural steel sections are used extensively in building bridges, streets, giant residential towers, airports, ports and construction industry for industrial and engineering applications.
He pointed out that the company has succeeded in developing a variety of products that meet the needs of customers and meet the requirements of local and global markets revealing that the local market absorbs 80% of the total production while the company exports about 20% of the total production, which reaches more than 40 Arab markets And regionally and globally, pointing out that the company’s products have received a growing demand in different markets worldwide.
As for the reinforcing steel, the company continued its production of this important product. The company’s production is currently about 2.2 million tons per year, up from 2.1 million tons at the end of 2016.
“We will increase the volume of sales and reduce the cost of production according to a well thought out mechanism aimed at improving the financial performance of the company,” said Al Rumaihi, stressing that the company will adopt an expansionary approach and try to enter new markets based on the quality of its products.
