الرئيسية
ABU DHABI, Dec 14 (Reuters) - 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 735 million dirhams ($200 million), 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.
(Reporting by Stanley Carvalho; Editing by Andrew Torchia)
(Talex) said on Wednesday it was setting up an extrusion
products plant at Abu Dhabi's new industrial zone with an
investment outlay of 735 million dirhams ($200 million), 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.
(Reporting by Stanley Carvalho; Editing by Andrew Torchia)