Conares opens 12’’ pipe mill at an investment of AED 100m in JAFZA

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Conares, the second largest private steel manufacturer in the UAE, has inaugurated its 12’’ pipe mill in Jebel Ali Free Zone. The new state-of-art facility, installed with an investment of AED 100 million, now makes Conares a manufacturer of 1-million-ton steel products annually.

Bollywood megastar Shah Rukh Khan inaugurated the new plant in the presence of HE Mohammed Al Muallem, CEO & Managing Director, UAE Region – DP World and other senior officials.

Conares is the leading producer of steel pipes and rebars within the region, and the only private manufacturer in the UAE. The company is also amongst the top three steel rebar mills operating 24×7 to serve the upcoming projects in the country.

Commenting on the new facility, Mr. Bharat Bhatia, CEO of Conares, said, “We are proud to launch the 12’’ pipe mill, which will increase our pipe manufacturing capacity by 250,000 metric tonnes. This mill increases our pipe product range, enabling us to meet the growing demand from the region’s infrastructure development sector. With this we have now achieved our milestone of 1 million tonnes capacity of steel production annually.”

“In terms of facility growth, we are aligning Conares with the region’s commitment to infrastructure developments keeping the vision of the UAE and Dubai Vision 2021. For Conares, the Vision 2021 is crucial to make it a manufacturing powerhouse. We foresee a good demand for our products for the ongoing projects in the UAE, especially the projects related to development to host the World Expo 2020 in Dubai. The new plant will produce pipes ranging from 4” to 12” sizes,” he added.

“We plan to produce 20 per cent more than last year. Last year, we produced 525,000 metric tonnes and this year we intend to produce more than 635,000 metric tonnes. We crossed a turnover of above AED 1 billion in 2017. Compared to this, we expect a revenue increase by 30 per cent in 2018.”

“Conares has already drawn fresh plans for expansion. We have commenced construction of our Continuous Color Coating Mill at an estimated investment of AED 100 million. We expect to commission this plant soon with commercial production expected to begin in the last quarter of this year,” Mr. Bhatia elaborated.

“We strongly believe in the vision of the leadership of this nation. With the support from federal and local government agencies, our products have not only gained market wide acceptance but also are the preferred choice of many prestigious projects today,” he said.

“We have good presence in the international market as well. We are exporting our pipes and tubes to different countries outside the UAE and the GCC since 2005. Conares’ export to the US is nearly 15 per cent of its total production. We are also in the process of developing new markets for our products,” he added.

Speaking about the growth of steel industry towards 2020, Mr. Bhatia said, “We have a positive outlook until 2020, and see a good demand within the UAE and the GCC region. The Expo 2020 and UAE Vision 2021 will keep most of the producers busy in meeting the steel requirements. Lately, we also meet enquiries from many countries, which can receive the cargo in maximum three weeks.”

Conares has constantly been evolving with the region. The company’s growth has remained on a buoyant trajectory since three decades of its operations, helping it cross significant growth milestones in the steel industry.

-ENDS-

About Conares
With its foothold securely placed in the steel industry, Conares is the one of the largest and the only private steel manufacturers in the region. Since its inception in 1988, Conares initially focused on steel trading. Having built extensive partnerships with renowned steel plants across the world, it brought the world-best competencies to the region, by setting up its own state of art manufacturing facility in UAE. The company earmarked AED 200 million towards expansions by the year 2020. Being a 100 per cent privately owned entity, the company assets exceed US$300 million of investments in the UAE.

As the Middle East focuses on development, Conares serves as the perfect partner to meet the growing industry requirements for steel rebars and pipes. A diversified and full-fledged manufacturing facility based in the UAE, the strategic hub between the East and the West, Conares today is the premier producer of quality steel products for wide-ranging needs; having a total manufacturing capacity of 1,000,000 MT annually. Conares earned various international product certifications for its various steel products, which it serves in the fledgling construction industry in the region and abroad.  Meanwhile, its on-going efforts in streamlining its manufacturing operations to be safe for its employees and community have earned the company its sustainability certification from UK CARES Sustainability Scheme.

From its central location in Dubai, UAE; Conares serves an extensive network of clientele including pre-engineering companies, steel trading companies and construction majors not in the Middle East but across wider markets that are easily accessed from its headquarters. Led by a team of experienced and skilled professionals, Conares today employs more than 500 people. Conares has set new benchmarks in the steel industry through its commitment to quality, excellence and service standards. A trusted name in the industry, Conares is led by the vision to support the region’s infrastructure development by providing world-class steel products through long-term partnerships. At Conares every business partnership, each product, every process and any aspect of service is defined by three core values – Trust, Quality & Strength.

For further information, please contact:
Rasheed Palliyalil
Watermelon PR
Dubai, UAE
Tel: +9714 283 3655
Email: rasheed@watermelonme.com