Arab Today, arab today samsung wins emal\s thermal plant contract
Last Updated : GMT 11:39:24
Arab Today, arab today
Arab Today, arab today

Samsung wins Emal\'s thermal plant contract

Arab Today, arab today

Arab Today, arab today Samsung wins Emal\'s thermal plant contract

Dubai - Arabstoday

Emirates Aluminium (Emal) has awarded South Korea\'s Samsung C&T Corp a $579.3-million (Dh2.12 billion) a contract to build a thermal plant, the UAE aluminium manufacturer confirmed to Gulf News yesterday. The contract will continue until June 2014, Samsung said in a statement. It was signed on Monday. Last month, Emal awarded more than $700 million in contracts as work begins on the expansion of Phase Two of its Al Taweelah smelter. Emal\'s sales reached 491,000 metric tonnes a year to date, up from 127,000 metric tonnes in the same period last year, Emal told Gulf News. Article continues below Business to the US alone, which buys 17 per cent of Emal\'s production, is expected to exceed $350 million this year, it said in an e-mailed response. \"We have secured deals with US companies, it\'s a big market although the growth in the automotive industry is slight but there is some opportunity. Because of the quality of the product, there is also some interest from the Far East,\" Saeed Al Mazroui, CEO and president of Emal, said in an earlier interview. Negotiations The Middle East accounts for 10 per cent of Emal\'s exports. Around 90 per cent of Emal\'s production is exported to 280 companies in more than 35 countries. Emal is currently in negotiations with European importers in an attempt to secure buyers for the volumes it will produce in 2014 when Phase Two is completed. Emal shareholders are expecting to make a decision \"within a few months\" on sources of financing for Phase Two, Al Mazroui said. Emal is a 50-50 joint venture between Dubai Aluminium (Dubal) and Mubadala Development, a strategic investment company owned by the Abu Dhabi Government.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today samsung wins emal\s thermal plant contract Arab Today, arab today samsung wins emal\s thermal plant contract

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today samsung wins emal\s thermal plant contract Arab Today, arab today samsung wins emal\s thermal plant contract

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today US travel restrictions are still 'Muslim ban'

GMT 00:54 2017 Tuesday ,26 September

US travel restrictions are still 'Muslim ban'
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel builds settlements 'at high rate'

GMT 01:04 2017 Tuesday ,26 September

Israel builds settlements 'at high rate'
Arab Today, arab today Saudi clerics use Twitter, textbooks

GMT 10:13 2017 Tuesday ,26 September

Saudi clerics use Twitter, textbooks
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Personality study finds fish have hidden depths

GMT 00:43 2017 Tuesday ,26 September

Personality study finds fish have hidden depths
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Botanical gardens a lifeboat

GMT 02:50 2017 Tuesday ,26 September

Botanical gardens a lifeboat
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Mai Kassab happy for participating in new film

GMT 09:33 2017 Friday ,22 September

Mai Kassab happy for participating in new film
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 16:08 2017 Monday ,25 September

'World's heaviest woman' dies

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday