Easing oil prices helps lower transport costs in emirate
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On completion, the plant, which has been under construction since January 2008, will churn out a monthly production of 60,000 metric tonnes of rebars cut and bend of international standard. It was commissioned for testing two months back, but the machines are still being progressively tested.
Mahendra Patel, Group Managing Director of GEAP International (UAE) LLC, told Khaleej Times that the rebars cut and bend plant,which produces cut and bend steel for use in construction, is one of the world’s largest factories of its kind, and the world’s largest single plant.
“All of the world’s major rebar cut and bend facilities are located in different sites, not in one contiguous area like the one we have here now,” he said.
Built on a 1.2 million square feet development by G2 International, a member of Geap International Group, which has been a major supplier of cut and bend steel in the UAE market for over two decades, the new plant is part of the Dh350 million investment in the Technopark Complex. “About 500 personnel will be employed for various planned activities,” he said.
“This investment includes the land, building construction, state-of-the-art equipment and steel inputs, which we import from Turkey and purchase from the wholly-owned government steel facility, Emirates Steel Industries (ESI) at Industrial City of Abu Dhabi,” he said.
He said that the plant, which will also have the capacity to customise its products to the client’s requirements, is a demonstration of Geap International Group’s confidence in the economy of Dubai and UAE at a time when several companies in the region are curtailing their activities. Aside from the rebars cut and bend facilities, he said, the Geap development in Technopark also houses one of the largest state-of-the-art Frozen and Dry Food facilities in the region, and facilities for threading of couplers, construction chemicals, ironmongery and access control systems, and infrastructure related projects such as thermoplastic production and application facilities, which Geap has pioneered for over 25 years in UAE.
Easing oil prices helps lower transport costs in emirate
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