Al Ain Cement Factory, NCF sign deal
- 21 Jul 2019
Business Bureau, Gulf Today
A recently signed agreement between Al Ain Cement Factory, a subsidiary of Arkan Building Materials Co, a leading manufacturer of building materials in UAE, and the National Cement Factory (NCF) a wholly owned subsidiary of Ittihad International Investments, the largest grinding cement plant in the UAE, clears the way for new collaboration opportunities in the UAE cement market.
Eng. Abdulaziz Asad, Arkan Chief Operating Officer (COO), explained that the “new agreement is a cooperation of the two largest cement and steel slag producers in Abu Dhabi”. “This collaboration agreement we have executed with one of the major cement grinding companies in Abu Dhabi is in line with Arkan’s vision to be the Partner of Choice”, Abdulaziz Asad said.
Besides a long term clinker offtake agreement mutually beneficial to both parties; this agreement will enable both Companies to reduce their production and logistics costs, resulting in improved market share and delivery time.
“With this collaboration agreement in place, National Cement Factory will have less risk in securing its long-term clinker needs”, Eng. Mohamad Yassin, National Cement Factory General Manager said.
“We look forward to the opportunity to work with Arkan for many years ahead”.
The two companies have a combined capacity of 3.1 million/tonnes clinker & 6.6 million/tonnes of cement per annum.
Arkan Building Materials Co, is a public joint stock company specialising in manufacturing of building and construction products in the United Arab Emirates. Arkan’s vision is to build a large integrated building products business that serves the local and regional construction industries. Arkan’s portfolio companies include the Al Ain Cement Factory, Emirates Blocks Factories, ANABEEB and Arkan Dry Mortar.
