India's Man Industries to move its pipe unit to UAE

India’s Man Industries to move its pipe unit to UAE

India's leading steel line pipe manufacturer, Man Industries, reportedly plans to move its steel pipe-making unit in Indore, India, to the United Arab Emirates (UAE). The cost of the project is expected to be AED 175 million ($47.6 million). Sources report that the negotiations for the proposed plant are at an advanced stage and that the location of the plant will be clear in a month's time. The company expects the new plant to produce pipes worth AED 500 million ($136 million) annually. The steel pipes produced at the plant will be supplied to the Middle East market.