Bank – UAE:
Company "Arkan Cement" has signed an agreement with the National Cement Factory, owned by the International Federation of investments, on cooperation with the UAE cement market and reduce manufacturing and logistics costs.
The company Al-Ain Cement said in a press release that the agreement includes the acquisition of long-term production of clinker and aims to improve the market share of manufacturers in the supply of products.
Director General of the National Cement Factory Mohammed Yaseen said that this agreement will contribute to reducing risks, preventing the plant to provide high-quality clinker.
Arkan registered on the Abu Dhabi Securities Exchange, with & # 39 is an open joint-stock company, located in Abu Dhabi. He specializes in the production of building and construction products. Its share is distributed between the 51% government holding of Abu Dhabi and 49%. Sold on the stock exchange in Abu Dhabi (ADX).
"The average production capacity," Al Ain "is 13.5 thousand tons per day, and production capacity -. 378 thousand tons per month, with an average annualized basis -. 4.53 million tons." – said Abdulaziz al-Assad, "Arkan" COO.
In the first quarter of the year, "Atu" amounted to 12.2 Mill. Dollars over the same period of the year 2018.
The International Federation of investment established in 2008 at the headquarters in Abu Dhabi, and covers a wide range of economic activities. It operates several leading companies in the Middle East, and its strategy is based on the sustainable growth of the current portfolio.
Total & # 39; output Arkan and IATA is 3.1 million tons of clinker and 6.6 million tons of cement per year.