Ducab concludes 2013 with 22% growth in sales

Ducab, the Middle East's leading manufacturer of high quality cables and cabling products, has announced its annual results for 2013. Building on strong demand locally and abroad, Ducab sales revenues have grown to AED 5 billion, marking an increase of 22% per cent over 2012 sales. Growth was across the board; cable sales touched 2.9 billion (up 14%), sales of Rod and wires from Ducab's Copper Rod Plant touched AED 2.1 billion (up 34%), and Ducab High Voltage (DHV) cable sales reached AED 122 million (up 660%).

Ducab's Chairman, Eng. Jamal Salem Al Dhaheri, said: "The positive results achieved by the company over the last year is testament to the strong leadership, the innovative culture, and the ability to identify and move towards market trends. As an entirely UAE-owned company, we find many parallels with the growth and success of our nation, and remain committed to representing the UAE as we grow."

The company recently completed its first overseas acquisition with the purchase of AEI Cables Ltd of the UK in March 2014. AEI is a specialist producer of mainly rubber cables for niche market sectors such as defence, transport and fire protection. AEI has in-house compounding expertise and manufacturing capability, and is certified to work with blue-chip customers such as British Aerospace and the London Underground.

Mr. Al Dhaheri added: "Our growth continues as we expand into new product areas, new geographies, and even new industry sectors. Our dynamism is the foundation for our strategy, and we will continue to explore growth avenues to ensure the best for our employees, stakeholders, and the community within which we operate."

The company is actively growing its product range with new offerings in 60-year-life nuclear power cables, aluminium cables, rubber cables, along with relevant components and accessories. Ducab has already made significant inroads into the Far East, the subcontinent, Africa, and Europe. Of these, Africa and Europe appear to hold the most promise, especially in infrastructure development, construction, oil exploration, and industrial development activity.

Ducab is an active member of the broader community and works with the Civil Defence authorities to enhance awareness of electrical fire safety. Ducab is also represented at Emirates Authority for Standardisation and Metrology (ESMA) to standardise specifications and quality of low-voltage cables used in the UAE.