KEZAD Group Advances Support for Abu Dhabi Industrial Strategy with 500,000 Metric TonnesDana Steel Project
New 50,000 sqm facility will help Dana Steel replace imported raw materials with ‘Made in UAE’ supply
Photo Caption: Fatima Mohamed Al Hammadi, Chief Commercial Officer; and Dr. Ankur Dana, CEO of Dana Steel Industry signing the agreement for the establishment of Dana Steel’s first hot and cold rolling steel complex in Abu Dhabi.
Abu Dhabi, UAE – 30December 2022: Khalifa Economic Zones Abu Dhabi – KEZAD Group, the integrated trade, logistics, and industrial hub of Abu Dhabi, has signed a preliminary agreement withDana Steel, the flagship manufacturing unit of industrial conglomerate Dana Group, for the establishment of its first hotand cold rolling steel complexin Abu Dhabi.
Under the terms of the agreement, Dana Steel will invest to develop a 50,000 square metres facility in KEZAD. The new complex will facilitate backward integration of the company’s continuous galvanising and continuous colour coating lines and will have 500,000 Metric Tonnes Rolling Capacity. This approach will help boost Dana Steel’s manufacturing capacity in the GCC by replacing imported raw materials, such as cold rolled full hard coils, with a new ‘Made in UAE’ supply.
By providing a base for Dana Steel first facility in Abu Dhabi, KEZAD Group is extending its support for the Abu Dhabi Industrial Strategy, which looks to more than double the size of the emirate’s manufacturing sector to AED172 billion by 2031 through a series of transformational programmes.
Established in 2017, and catering to consumer markets across more than 50 countriesthroughout the Middle East, Africa, Europe, and the Americas, Dana Steel is one of the region’s largest and most modern manufacturers of Hot Dip Galvanized(HDG),Aluzinc(AZ), Prepainted Galvanized(PPGI), PrepaintedAluzink (PPAZ) and PrepaintedAluminum (PPAL) steel coils and sheets.
Mohamed Al Khadar Al Ahmed, Chief Executive Officer, Khalifa Economic Zones Abu Dhabi – KEZAD Group, said: “Owing to the modern infrastructure and efficient transportation network offered by KEZAD and Khalifa Port,investors such as Dana Steel are selecting our industrial ecosystem as a base from which to grow their operations in the UAE and globally. By enabling verticalintegration of theirmanufacturing supply chain, we look forward to supporting Dana Steel on its journey toserve customers and expand its international reach.”
Dr. Ankur Dana, CEO of Dana Steel Industry, said: “With worldwide demand for quality steel productsset to grow, we are quiteexcited to start this milestone project in KEZAD, which builds upon our efforts to enhance value for our customers across continents.This project will be our 9th Industrial Facility within the UAE, several unique factors led us to choose KEZAD for this venture including theworld-class infrastructure on offer,in addition toseamless connectivity to global markets and easy access to natural gas at competitive rates.”
The agreement with KEZAD Groupwill mark Dana Steel’s first venture in Abu Dhabi while ushering in the first Hot Rolled Pickled Oiled (HRPO) and ColdRolled (CR) steel facility in KEZAD.In addition to hosting facilities for building metal products manufacturing in KEZAD Group’s Metals Hub, the plant will also have capabilities to recover and recycle waste acid,enabling the company to pursue a circular economy approach. In phase 2 of the expansion, Dana Steel will install a Continuous Galvanizing Line (CGL) and Colour Coating Line (CGL) in the same KEZAD complex.