Abu Dhabi Basic Industries Corporation is planning to build USD 1.5 billion aluminium rolling mill with a capacity of 500,000 tonnes per year at Khalifa Port and Industrial Zone in Taweelah.
Mr Juan Gomez Cardobes VP for metals of ADBIC said that while he is not ready to disclose the JV partner in the project, a site has been identified and is ready for construction work to begin. We need to break ground in the Q1 of 2011 so we are hoping to issue tenders in the Q3 and award the contracts in the Q4 of 2010.
He said that at the moment we have not discussed contracting strategy with our partner and it is not clear which direction we are going to take.
Mr Jamal Salem Al Dhaheri CEO of ADBIC said what his company will be looking for in regards to potential contractors. It is always best to have a competition and make it as transparent as possible. It is important that the contractors have experience with large aluminium projects as well as good local knowledge.
Mr Al Dhareri also explained why the new world scale mill will be a unique addition to the Middle East aluminium industry. The technology we are putting in the mill will be capable of supplying many diverse markets and that is unique to this region. One of the key targets is Middle East can manufacturers, for example. However, whenever we discuss new projects, we don't talk about just the local markets, but that is a good place to start.
The rolling mill is ADBIC's third project at the proposed metals park at KPIZ and is scheduled for completion in the Q1 of 2013. The company is also building an aluminium extrusion plant with Gulf Extrusions Company as well as an aluminium rod plant with Midal Cables.
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