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DANA Group to Expand into Indian Steel Market - DANA Group under itís continuous expansion plan has announced an investment of 150 million for its Pre-Engineered Building Manufacturing & Tube Mill project in NCR region, New Delhi India
DANA Group to Expand into Indian Steel Market

 

NewswireToday - /newswire/ - Dubai, UAE, United Arab Emirates, 2009/09/20 - DANA Group under itís continuous expansion plan has announced an investment of 150 million for its Pre-Engineered Building Manufacturing & Tube Mill project in NCR region, New Delhi India.

   
 
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Dana Group's new initiative is meant to cater to the ongoing infrastructure works & strong domestic in North India, as well as the Middle East export Market.

DANA Groupís New Venture called as DANA INDUSTRIES will have a most modern manufacturing setup, with a full fledged Plate cutting Line capable of handling coils up to max thickness of 18mm, and a max width of 2000mm. The max. coil handling is up to 30 MT. This will be Forward Integrated With a Modern PEB Manufacturing line, to develop a word class-engineering product.

Dana Groupís officials state that under the Tube Mill project a High speed, High Precision ERW pipe manufacturing line will be commissioned by End of November 2009. With capabilities of making pipes & hollow sections up to 4 inches, it is intended to cater principally to the Government Public works Sector, and also various fabricators in that region.

Dr B.S Dana, Chairman of DANA Group (danagroups.com) said "Despite the Global Downturn over the past year, India is still a strong self-sustaining economy which has had minimal impact of the world recession. In our constant endeavor to maintain our position as a reliable & leading supplier of processed steel, at this juncture to expand into the Indian steel market would be a Constructive measure for us, and would help us to tap into the huge potentials there."

Also earlier this year, DANA GROUPíS Dana Steel Processing Industries, LLC, under its expansion plan, had announced an investment of 100 million for its New Coil Service Center & Tube Mill project in Emirates Modern Industrial Area Umm-Al-Quwain. This new initiative is to cater to the construction boom of Northern Emirates. This is in addition to its already existing fully automatic coil service center in Al Quoz, Dubai.

DANA Groupís New Coil Service Center CTL machine will have capabilities of handling coils up to max thickness of 18mm and a max width of 2000mm. The maximum coil handling is up to 30 tonne.

With this it will become one of its kinds in the UAE. Its main target segment will be Oil & Gas sector, PEB manufacturing Units, Heavy engineering firms & fabricators.

The project is to be commissioned in two phases; the first phase of the project is the coil slitting facility, which is currently under commissioning at the sprawling 30,000 square meters industrial complex in Emirates Modern Industrial Area UAQ. The slitting line is specially designed for high precision and is fully plc controlled. It has capabilities of handling 0.2mm to 3.5mm and a maximum width of 1600mm in GI, CR & HR coils.

Under the second phase, a High speed, High Precision ERW pipe manufacturing line will be commissioned by end of November 2008.With capabilities of making pipes & hollow sections up to 3 inches, it is intended to cater principally to the scaffolding industry and fabricators.

Dr BS Dana chairman of DANA Group said that "The massive growth potentials of Northern Emirates region, has made it key for DANA Group to expand in that region, in order to serve itís customers in a more better & efficient manner. This New facility will remarkably increase our Steel handling abilities to up to 15,000 tonnes per month. Our large scale imports of steel products from India, China, Taiwan, Korea, Ukraine, Russia, India, Saudi Arabia and Iran, will then be processed to address varying customer requirements. We endeavor to maintain our position as a reliable & leading supplier of processed steel and foresee a strong growth in the regional steel industry in the coming years."

 
 
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Written by / Agency / Source: DANA Group

 
 

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DANA Group to Expand into Indian Steel Market

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Publisher Contact: Ruchi - DanaGroups.com 
+971 4 2217273 info[.]danagroups.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any DANA Group securities in any jurisdiction including any other companies listed or named in this release.

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