Mark Cables Power Solutions LLC Abu Dhabi, a joint venture of Platinum Group and the Mark Cables, has embarked on a project to construct an aluminum rod manufacturing plant in Khalifa Economic Zone Abu Dhabi (KEZAD).
Aluminum rods are used to make power cables. The new plant is expected to have a production capacity of 36 thousand tons per year of various grades of aluminum rods, which will be supplied to existing Mark Cables factories in Dubai and Angola, as well as to third-party customers in the UAE, Africa and Europe.
The plant will be located in the ‘Aluminium Valley’ section of KEZAD, which is adjacent to Emirates Global Aluminium’s Al Taweelah smelter.
Mark Cables Power Solutions LLC Abu Dhabi has signed a non-binding agreement with EGA that envisions the supply of 35 thousand tons per year of aluminum to the proposed new plant.
Adel Abubakar Chief Marketing Office EGA
“We look forward to the construction of Mark Cables Power Solutions’ new plant, and to a new customer for our metal in the UAE. EGA’s aluminum supply has spurred the development of the downstream aluminum sector in the UAE, creating jobs and economic opportunity across the country in line with Make it in the Emirates.”
Leoncie Mukundente, Managing Director of Mark Cables FZE, said that, “Regional and global demand for power cables is growing due to the expansion of electricity grids to support the development of renewable power generation and to enable further electrification in developing countries. Increasingly, aluminum is being substituted for copper in power cables, to lower costs while delivering the performance required. This new plant will help meet this growing global demand, while creating further value in the UAE from our nation’s aluminum production.”
