It is reported that the Nova plant of Dubai-based aluminum treatment plant of the Darvesh Group will be launched in Dubai Industrial City in July 2008. The plant will cost 3 billion dirhams (Dirham to RMB exchange rate 1:0.47).
Ahsan Hassandarvesh, group manager of Darvesh, said that the first phase of the project will cost Dh1.1 billion. The plant is expected to start production in 2010, when the annual output will be 135,000 metric tons.
It will source aluminium raw materials from Alcoa Aluminium, Dubai Aluminium, and Bahrain Aluminum in the Gulf region to manufacture finished products for the construction, pharmaceutical and packaging industries.
According to a report by Global Investment House, abundant energy has given the aluminum producer a recognition in the Gulf Cooperation Council region.
Gulf Extrusions Company is also planning to increase its annual production from 30,000 metric tons to 55,000 metric tons a year ago.
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