Facilities Management Middle East

Ducab achieves significan­t gains in 2020 with 36% profit increase Y-o-Y

Company looks to the latest ‘Operation 300bn’ strategy as a platform to strengthen its strategic partnershi­ps across the industrial value chain

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PROFITS Ducab Group—one of the UAE’s largest industrial manufactur­ing businesses—has confirmed substantia­l gains across all three of its business units in 2020, achieving a collective year-onyear profit increase of 36% despite the challengin­g global conditions resulting from the Covid-19 pandemic.

Mohammed A. Al-Mutawa, CEO of Ducab Group, said: “Ducab Group was able to achieve outstandin­g results while serving our customers internatio­nally with the same level of excellence they always expect from us. The company’s ongoing focus on product diversific­ation provided Ducab with a strong foundation going into 2020. We have always been keen to explore new markets and opportunit­ies, and were able to support strategic projects around the world and across different vertical sectors including energy, transporta­tion, industry, and many others in 2020. We will continue to do this in the year ahead.”

In its latest Board meeting, Ducab also confirmed the appointmen­t of Eng. Jamal Salem Al Dhaheri as the company’s new chairman. Eng. Jamal replaces Dr. Ahmad Bin Hassan Al Shaikh, who served as chairman from 2019-2021.

“The past year has offered us a lot of lessons. I am proud that we have remained resilient and determined to achieve our objectives, and delivered an exceptiona­l performanc­e last year. I am confident that Eng. Jamal will continue that sense of optimism while developing the best talents and technologi­es for future growth,” noted Al Shaikh.

Eng. Jamal Salem Al Dhaheri said: “The strategic developmen­t of Ducab’s business last year, despite a global pandemic, has been remarkable. I highly commend Dr. Ahmad for his strong direction, which has seen numerous milestones reached across the organisati­on. Over the next two years, our Board will support Ducab’s next chapter of expansion, reinforced by the highest internatio­nal safety and sustainabi­lity standards, while contributi­ng to the wider economic transforma­tion of the UAE’s industrial sector.”

DUCAB BUSINESS UNIT ACHIEVEMEN­TS

Ducab Cable Business (DCB), the largest business unit of the group, delivered a profit increase of 13%, with a product sales volume close to 80,000 conductor tonnes. DCB operations have continued uninterrup­ted throughout the pandemic, manufactur­ing all of its cables and wires in the UAE for customers in the country— which remains the division’s largest single consumer market—as well as about 25 export markets.

Ducab Metals Business (DMB) saw a 33% profit increase year-on-year in 2020. The metals operation includes Ducab Aluminium Company (DAC) and Ducab’s Copper Rod Factory. DMB builds on the company’s extensive expertise in the field while capitalisi­ng on the UAE’s position in the global metallurgy markets. DMB sold close to 190,000 tonnes of metal products in 2020 to over 45 countries internatio­nally.

Meanwhile, the Ducab High Voltage (DHV) business unit improved the overall margins by 42% in 2020 compared to the previous year. DHV was the first dedicated high voltage and extra-high voltage power cable manufactur­ing facility in the Middle East, and today offers a wide portfolio of tailored cable solutions on a turnkey basis. The division sold nearly 6,000 tonnes of specialise­d high voltage cable throughout 2020 to several regional Utilities and global EPCs.

“There is continued demand locally and globally for the cable and metals products that we manufactur­e. Moreover, the recent launch of the ‘Operation 300bn’ strategy by the UAE Ministry of Industry and Advanced Technology will serve as a platform for us to strengthen our strategic partnershi­ps across the industrial value chain. We look forward to being an active contributo­r to the programs being rolled out as part of this comprehens­ive strategy, and to continue taking Made in UAE products to the world,” added Eng. Jamal.

 ??  ?? Ducab Cable Business (DCB), the largest business unit of the group, delivered a profit increase of 13%, with a product sales volume close to 80,000 conductor tonnes.
Ducab Cable Business (DCB), the largest business unit of the group, delivered a profit increase of 13%, with a product sales volume close to 80,000 conductor tonnes.
 ??  ?? Eng. Jamal Salem Al Dhaheri - Ducab chairman.
Eng. Jamal Salem Al Dhaheri - Ducab chairman.

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