UAE-based leading steel tube and pipe manufacturer, Embosal Steel Mills has announced its plan to set up a steel pipe plant at Ras Al Khaimah Economic Zone (RAKEZ).
Embosal Steel Mills will soon be joined by three of its sister companies in its 140,000-meter square land plot for the new facility at RAKEZ. The project will have a total investment of $68 million and will have manpower of over 450 employees, with a combined annual capacity of 1.5 million metric tons of steel tubes and pipes. All products will be distributed to local and international projects.
“It is a pleasure to welcome large-scale industrial companies to RAKEZ such as Embosal Steel Mills LLC, the latest addition to the over 150 supply chain players in our zones. Over the years, we have been enhancing our industrial ecosystem through the continuous improvement of our offerings and overall infrastructure to fully support the operations of our industrial players from their production and storing process to the easy flow of their goods to the region.”
The plant will also house the Coremetal Industries, which will run the fabrication, metal processing and machine shop, and the CorePac Packaging, which will manufacture and store packaging disposables and airline products. It will also contain on-site accommodation for its huge workforce.
The relocation to Ras Al Khaimah is a strategic decision to support the long-term goal of Embosal Steel Mills. Cost is one of the most important factors in the decision-making process, and RAKEZ was able to offer cost-effective solutions, stated Mr. John Thomas, Managing Director of Embosal Steel Mills.