Dubai-based aluminium and copper wire and cable products producer Ducab Group has wrapped up 2024 with record-breaking growth, reinforcing its status as a global leader in energy solutions and sustainable manufacturing. The company has achieved its strongest performance in its 45-year history in 2024, with EBITDA rising by 40 per cent and net income soaring by 60 per cent compared to 2023.
This remarkable growth was mirrored across all Ducab subsidiaries and joint ventures worldwide, each delivering outstanding operational and financial results. The Group expanded into over 20 new markets, boosted its production capacity, and introduced cutting-edge, eco-friendly products. These advancements supported major infrastructure developments and accelerated industrial decarbonisation, aligning with the UAE's climate goals under the Dubai Clean Energy Strategy 2050 and the UAE Net Zero Strategy 2050.
Ducab is actively advancing low-carbon aluminium smelting as part of its aluminium wire and cable manufacturing process. Through its Metals Business, the company produces "Green Aluminium Rods" using recycled aluminium, dramatically lowering energy consumption and carbon emissions compared to conventional primary aluminium production. This initiative supports Ducab’s wider sustainability strategy, which focuses on emission reduction, the promotion of low-carbon aluminium, and greater transparency in carbon footprint reporting.
Achievements in 2024-
In parallel, Ducab Group accelerated its decarbonisation journey by strengthening its Environmental, Social, and Governance (ESG) strategy. A key development in 2024 was its partnership with Schneider Electric to co-develop a comprehensive ESG roadmap, reinforcing Ducab's commitment to sustainable growth. The company's Bengaluru office, launched in early 2023, has further bolstered its presence in India and Southeast Asia, reflecting Ducab's strategic focus on India as a pivotal growth market.
Mohammed Abdul Rahman Al Mutawa, Group CEO of Ducab, said, "2024 has been an important year for Ducab, marked by growth, innovation, and leadership in sustainable manufacturing. We've entered new markets, increased production, and launched products that support infrastructure and decarbonisation. This progress reinforces our role in global energy solutions and our commitment to the UAE's clean energy and net-zero goals. As we grow, we stay dedicated to creating value for our partners and communities."
Ducab Metals Business (DMB)
According to the company, Ducab Metals Business (DMB) achieved a 12 per cent revenue growth globally in 2024, with projections pointing to a 15 per cent increase in 2025. On the volume front, the company recorded a 4 per cent global growth in 2024, with expectations of a 21 per cent surge in 2025, fuelled by rising market demand and strategic expansion initiatives.
DMB also recorded impressive growth in 2024, doubling its annual aluminium production capacity from 55,000 to 110,000 tonnes and boosting its bare copper output. This expansion reflects rising global demand for UAE-manufactured metals and DMB's growing competitiveness in international markets, in line with the UAE's Operation 300bn strategy to advance industrial development and economic diversification.
A major milestone for DMB was the acquisition of GIC Magnet, which expanded its non-ferrous metals portfolio. This strategic move introduced paper-insulated aluminium strips as critical components for electric vehicles (EVs), transformers, and electromagnets. With this acquisition, DMB became the region's sole approved supplier of these products to the US market, unlocking opportunities in high-growth sectors and supporting industries in their shift toward greener technologies.
Image Courtesy- Ducab Group
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