A consortium of Emirati companies including CIM Steel Industry LLC, Rhino Steel, Metal Care Center Factory LLC, and Aziz Steel will set up four steel manufacturing and processing units at the Umm Al Quwain Industrial City in the UAE.
According to the official statement, the consortium in question will turn 130,000 square meters of land into a specialized metal zone to produce high-quality Aluzinc coils that will use recycle and reuse technologies. The Umm Al Quwain Industrial City has an enhanced transportation network that will enable the UAE to expand operations domestically and internationally.
Under the planned project, CIM Steel Industry will invest AED 250 million ($68.0 million) to build a cutting-edge cold rolling mill with a capacity of 500,000 mt per year, while Rhino Steel will set up the region’s first fully automated continuous coating line with a capacity of 250,000 mt per year, entailing an investment of AED 110 million ($30.0 million). In addition, Metal Care Center Factory will provide AED 81 million ($22.1 million) for establishing a steel melt shop and a downstream long rolling mill capable of producing 200,000 mt per year and Aziz Steel will spend AED 60 million ($16.3 million) to commission a steel forming line with a capacity of 120,000 mt per year that will produce aluminum products.
