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FINANCIAL NEWS
UAE’s ZonesCorp signs deal with Jindal SAW Gulf
20 Apr 2014
(MENAFN) ZonesCorp has signed an agreement with the Jindal SAW Gulf last week for expansion projects of its current facilities, according to the Emirates 24/7.
The USD100 million expansion project is expected to boost production capacity by an additional 200,000 tons per year bringing the total production capacity to 500,000 tonnes per year.
Super Cement Manufacturing, which is owned by one of the partners of Jindal SAW Gulf, plans to invest USD100 million in its subsidiary Super Ferro Alloys, and is making another investment in a USD30 million lime calcination plant with a production capacity of 450,000 tons per year.
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