2023-08-03 22:07:11
Saeed Ghamran Al-Rumaithi, CEO of Emirates Steel Arkan Group, said, “The company’s financial performance during the first half of 2023 achieved strong success in light of the challenges facing the industrial sector.” He attributed the company’s achievement of this success to the increase in demand from the local market. The percentage of the company’s sales of steel in the local markets amounted to about 55%.
Al-Rumaithi added, “The company was able to export about 45% of its iron production outside the country during the first half of this year, as the group exports to more than 70 countries around the world, which reflects the quality and efficiency of the product that the company exports under the slogan (Made in Emirates), and this also comes in line with the company’s contribution to achieving the national strategic goals for industry (the 300 billion project), which provides for supporting the national industry, doubling its productivity and exports to support the country’s GDP.
He stressed the group’s follow-up to the strategy of expansion in global markets by focusing on producing products with high added value, noting that during the first half of this year, the group succeeded in producing more than three times more products with high added value compared to the first half of 2022.
In the context of supporting the perspective of sustainability, Al-Rumaithi pointed out the group’s competitiveness in the environmental field is enhanced by reducing the intensity of carbon dioxide emissions in its industry, as its level of low emissions reaches 45% less compared to the emissions of other factories at the global level, and 44% less at the global level. Local, where the percentage of clean energy use in their industry reached 80% last year.
And on the productivity of green iron, the CEO of the group indicated that a memorandum of understanding was signed in this regard with the Department of Economic Development in Abu Dhabi, the Abu Dhabi Ports Group, and the Japanese companies “Itochu” and “GFE Steel” to build factories that produce a complete supply chain of low iron. carbon to green iron.
He added that the company is proud to supply distinguished projects in the UAE with iron materials, including the “Guggenheim Museum” project in Abu Dhabi, which will be completed by 2025. Low carbon and high strength (ES600).
He explained that what distinguishes this type in particular is that it reduces the use of iron in the basics of construction, as this reinforcement provides from 18 to 24% of the proportion of iron used inside the building, and has high hardness, and also contributes to reducing carbon dioxide emissions, and this reflects the keenness of The company keeps pace with market requirements, and finds new solutions that help support the sustainability process and reduce costs.
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