04 Apr 2011
(MENA) CEO and managing director of Conares, Bharat Bhatia, said that the company’s new steel manufacturing plant, opened by Sheikh Ahmed bin Saeed Al-Maktoum, chairman of Dubai World, would have a production capacity of 500,000 MT, reported Arab News.
Bhatia added that the plant which is estimated to worth USD100 million and is based at Jabel Ali Free Zone, is a complementary factory for the ones which are in Jafza and produce metal for construction purposes.
Bhatia said that the new plant would have a significant addition to the market as it would give a new variety of products to customers.
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