Arabian Business
Taweelah plans $200m aluminium plant in Abu Dhabi
Edited by : AL CIRCLE
1 min read
Taweelah Extrusion Co (Talex) said on Wednesday it was setting up an extrusion products plant at Abu Dhabi's new industrial zone with an investment outlay of AED735m ($200m), as the oil-rich emirate works to diversify its economy.
Talex, a joint venture between state-owned Abu Dhabi Basic Industries Corp and privately owned Gulf Extrusions, signed a long-term lease agreement with the Khalifa Industrial Zone Abu Dhabi (Kizad), a statement from Kizad said.
The plant will receive aluminium in molten form from Emirates Aluminium (Emal), another tenant of the zone. Some 30 companies have signed agreements to establish themselves at Kizad with nearly 100 more awaiting approvals.
Talex plans to start making extrusion products for the automotive markets in the fourth quarter of 2013.
Talex, a joint venture between state-owned Abu Dhabi Basic Industries Corp and privately owned Gulf Extrusions, signed a long-term lease agreement with the Khalifa Industrial Zone Abu Dhabi (Kizad), a statement from Kizad said.
The plant will receive aluminium in molten form from Emirates Aluminium (Emal), another tenant of the zone. Some 30 companies have signed agreements to establish themselves at Kizad with nearly 100 more awaiting approvals.
Talex plans to start making extrusion products for the automotive markets in the fourth quarter of 2013.
Previous article
GM of Chinalco Ruimin Co., Ltd Visited Northwest Aluminum Branch
Next articleAluminum forging plant in China to increase production capacity
Grow with
AL Circle
