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Abu Dhabi – Mubasher: Emirates Steel, the largest integrated steel mill in the United Arab Emirates, wholly owned by General Holding Company Industries, has recently signed a contract to supply iron ore pellets with the Brazilian Valle, the largest producer World iron ore.
According to a press release, under the contract signed between Saeed Ghamran Al Rumaithi, managing director of Emirates Steel Company, and Peter Bobbinga, executive director of Vale, in the presence of senior officials of both companies, the Brazilian company will provide to UAE Steel will part of its iron needs from this year until 2021. The supply contract will help to make "One of the main strategic partners of the UAE.
The annual iron ore requirement, which is the raw material of the company's products, is estimated at 6 million tonnes and is imported through international companies, including the Brazilian company, which marks the beginning of cooperation between them. in 2007..
Saeed Ghamran Al Rumaithi, President and CEO of Emirates Steel, said: "This agreement is part of our strategy to secure our iron ore imports at competitive prices and long-term economic benefits. Partnership will play a vital role in enhancing our production capabilities in the emirate of Abu Dhabi, in addition to our vision of being the world leader in manufacturing and supplying high quality iron products, providing technical services and solutions to customers and increasing returns to our shareholders.. "
"We are confident that the long-term supply contract will give us more flexibility to provide better service to our customers, achieve our business objectives and continue to focus on the excellence of our operations." in the coming period. "
"This agreement reflects our desire to forge a long-term strategic partnership with Emirates Steel, the largest integrated steel mill in the United Arab Emirates," said Peter Bobbenga, Valle's Chief Executive Officer, highlighting Vale's strong potential to support the company. 39, iron and steel industry. In the Middle East because of its unique competitive capabilities as well as its high quality products. "
And prepare Vale One of the largest producers of iron ore in the world, producing 366 million tons of iron ore per year in its iron mines in Brazil. Valle is also the largest producer of iron ore pellets (about 50 million tons per year) from iron ore plants in Brazil and Oman. The company operates 13 iron ore reduction plants in Brazil and Oman..
Emirates Steel is owned by General Holding Company (Industries), the largest industrial conglomerate in the United Arab Emirates and a leading company in the implementation of the industrial diversification policy adopted by the Government of Abu Dhabi. Emirates Steel Complex is located in the industrial city of Abu Dhabi, 35 km from Abu Dhabi.. The complex is the first and largest integrated steel mill in the UAE to produce rebar bars, wire rolls and heavy structural sections..
Emirates Steel was created in 1998 to start the actual production phase in 2001, and then embarked on an extensive program of gradual expansion of its industrial complex, whose production capacity was increased to 3 , 5 million tons per year for a total cost of AED 11 billion (US $ 3 billion)).
The company's concrete objectives are to increase its performance, increase its efficiency and increase its competitiveness in the manufacture of high-end finished products. As a result, the company is striving to increase its investment in manufacturing processes and the use of information technology to expand production capacity, improve operational performance, increase revenue, and improve productivity. to achieve its development objectives. At the same time, the company benefits from these investments to develop the quality of its products, reduce the impact of its operations on the environment and ensure the safety of its employees, its facilities and its customers..
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