Indian investors commit $230m to Abu Dhabi metals and minerals projects

21 April 2014

Expansions at ZonesCorp Industrial City include iron pipes, ferro-alloys and lime calcination

India’s Jindal Saw Gulf plans to invest $100m to expand its ductile iron pipe plant in Abu Dhabi after signing an agreement with industrial zone operator ZonesCorp.

The work will add 200,000 tonnes a year (t/y) of new capacity in the next two years at ZonesCorp’s metals cluster, bringing the total capacity to 500,000 t/y.

In addition, Jindal-related company Super Cement Manufacturing is investing $100m in a 75,000-tonnes-a-year ferro-alloys complex located close to its existing plant in ZonesCorp Industrial City.

Super Cement Manufacturing is owned by Sanjay Aggarwal, who is one of the partners in Jindal Saw Gulf.

The company is also planning a $30m investment in a lime calcination plant with a capacity of 450,000 t/y to be completed by the end of 2014.

The three investments are expected to create 500 jobs at ZonesCorp Industrial City, located in Mussafah just outside Abu Dhabi city.   

Earlier this month ZonesCorp announced agreements on a new steel rolling mill and a new paper mill with a combined investment of over $400m.

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