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Publish Date : 22-Apr-2014

ZonesCorp is pleased to declare that it inked another agreement with the Jindal SAW Gulf for the expansion of its present facilities. The Agreement was inked at the Hannover Messe Industrial Fair previous week.

Jindal SAW Gulf is planning a Dh367 million ($100 million) expansion of its ductile iron pipe facility in ZonesCorp’s Industrial City, which will improve production capacity by an added 200,000 tonnes per year bringing the total production capacity to 500,000 tonnes per year. This development will draw two sizeable downstream investments to the ZonesCorp’s metal cluster from Jindal SAW Gulf’s partner — Super Cement Manufacturing.

Super Cement Manufacturing is possessed by Sanjay Aggarwal — one of the partners of Jindal SAW Gulf, and at present manufactures cement in ZonesCorp’s Industrial City. It is investing an additional Dh367 million ($100 million) through its subsidiary Super Ferro Alloys, in a 75,000 tonnes ferro alloys complex situated on 100,000 square metres greenfield site in close proximity to their present plant.

Moreover, Super Cement Manufacturing is investing in a Dh110m ($30 million) lime calcination plant with a production capacity of 450,000 tonnes per year. This new facility will be completely prepared before end of 2014.

Together, the 3 new investments will attract a total of Dh845 million ($230 million) in new investment to ZonesCorp’s Industrial City and produce employment for an added 500 people.

The agreement was inked previous week at a signing ceremony at the Hannover Messe. As part of its promise to showcase its partner companies and share its expertise and knowledge, ZonesCorp is leading a high level delegation of 19 important industrial manufacturing companies to the prestigious "Hannover Messe", the world’s biggest industrial trade fair in Hannover, Germany.

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