Ducab Consolidates Metals Businesses into new subsidiary, DMB
One of UAE’s largest manufacturing businesses, Ducab has recently formed a new subsidiary, DMB for Ducab’s metals business comprising various Aluminium and Copper products manufacturing.
Ducab’s two group companies, Ducab Aluminium Company (DAC) and Ducab Copper Rod factory have been combined to form DMB. This would help Ducab effectively consolidate, strengthen business activities and better serve its customers that are mostly electrical manufacturing industries.
Ahmad Bin Hassan Al Shaikh, Chairman of Ducab, said “The launch of DMB aligns with the growth of the metals segment within Ducab and gives us the opportunity to focus a dedicated team on the needs of our metal customers.”
With a combined revenue of approx USD 545 million (approx INR 4000 Cr) in 2019, DMB supplies its products to 35 countries around the world in addition to being a major player in the UAE. It is expected to have around 160 employees from both Aluminium and Copper facilities, manufacturing 50,000 TPA of Aluminium products and 175,000 TPA of Copper products.
Mohamed Al Ahmedi, General Manager, DMB mentioned “By further developing our capacity for metals solutions and services, DMB can contribute to the UAE’s flourishing industrial supply chain…”