Media ININ Economy We Trust
31-03-2019 Media in\ Dubai
Ducab announced consolidated sales of AED 4.8 billion in 2018, an increase of 7% over the previous year. The Group currently operates six industrial facilities in four cities in the UAE and currently has a staff of more than 1,600 employees.
Ducab has four business units: Ducab Cable and Wire Factory, Ducab High Voltage Factory, Ducab Metal Factory and Ducab Aluminum Company (DAC). Cable and metal industries in Ducab experienced significant growth in 2018 compared to the previous year, while Ducab The newly established aluminum company performed well in its first year of operation and its annual total sales exceeded AED 300 million during the year.
Ducab has also made significant headway in global markets, with Oman and Bahrain demonstrating their position as strong growth markets within the GCC last year and elsewhere. The company has won major sales contracts in Egypt, Jordan, Algeria, Australia, Hong Kong, the United States and the United Kingdom. Ducab exports about 60% of the production of its business units.
Ducab recently announced the appointment of Dr. Ahmed Bin Hassan Al Shaikh as its new Chairman, succeeding Eng. Jamal Salem Al Dhaheri, who served as Chairman of the Board of Directors between 2017-2019. The Board of Directors of Ducab will rotate every two years among its shareholders: Industries and Dubai Government Investment Corporation.
The year 2018 also saw the launch of Ducab for construction operations at its new three-storey building in Jebel Ali. The project is designed to enable the LEED / LEAD to be completed this year.
Ducab registered 94.7% of the ADV / ICV program at ADNOC, which gives priority to the selection of local suppliers, national skills development and the localization of other pivotal manufacturing processes.
Ducab continues to enhance the national youth contribution to the industrial sector by providing them with professional experience through professional training and scholarship programs. The company is implementing a rigorous resettlement program that has already resulted in a remarkable success in recruiting and retaining skilled nationals within the Ducab team.
