EIIC plans Dh250m magnet wire factory

ABU DHABI — Emirates International Investment Company (EIIC) is setting up a Dh250 million magnet wire factory in Abu Dhabi to expand its business.



By A Staff Reporter

Published: Sun 18 Nov 2007, 8:47 AM

Last updated: Sat 4 Apr 2015, 11:18 PM

This project is part of a plan initiated by EIIC to fulfil the growing demand for the many types of electrical power cables and wires used both locally and globally.

The new factory will produce three types of magnet wire, round wires insulated with varnish and flat wires insulated with either varnish or paper, in sizes ranging from 0.5mm up to 4.5mm. At the request of customers, this range may include round and flat aluminium wires.

The new factory will be built on a 25,000 square metres area and is estimated to produce 25,000 tonnes of copper per annum during phase one, and the total production will be increased in subsequent phases.

Omar Younis, General Manager of Electrocab, said, "The magnet wire factory will be the first-of-its-kind in Abu Dhabi and will satisfy the market requirements."

"We will commence the initial construction phase of the factory before the end of the year and expect it to be finalised by end of 2008. As for go-live date, we hope to complete all the phases by end of 2009," he added.

Younis commented that the feasibility study see a huge demand for winding wires both locally and globally, with expectations for growth.

He said EIIC has signed contracts with international companies to supply them products of the new factory.

Electrocab's existing factory is located at Industrial City of Abu Dhabi and produces flexible and instrumentation cables. Current production level is 25,000 tonnes of copper and 7,000 tonnes of aluminium. The company is expected to increase copper production of up to 40,000 tonnes and 15,000 tonnes of aluminium by next year to meet the demand of Abu Dhabi and the emirates.


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