Dubai Investments has reached a memorandum of understanding with Al Ghurair Private Co and Pechiney to set up an aluminium foil rolling plant in Dubai. Projected investments are between Dh400-450 million. The new entity, Emiroll, will be operated by France's Pechiney, which will use its latest continuous casting and rolling technology. It will be developed at the Dubai Investments Park, which makes it close to Dubai Aluminium's smelter and the Jebel Ali port. Construction will start by the end of the year, and is scheduled to be completed in 24 months. The financial arrangements have been concluded. The plant will have a capacity of 33,000 tonnes a year of aluminium foils, strips and coils. It is expected to generate revenues of over Dh290 million.
NSTL
