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Abu Dhabi: A recently signed agreement between Al Ain Cement Factory, a subsidiary of Arkan Building Materials Co. PJSC a leading manufacturer of building materials in UAE, and the National Cement Factory 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 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’ve 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“, he 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, NCF will have less risk in securing its long-term clinker needs”, Eng. Mohamad Yassin, NCF 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 3.1m/tons clinker & 6.6 m/tons of cement per annum.
For investor relations enquiries, please contact:
Brunswick Group
Phone: +971 (0)2 234 4600 / +971 (0)4 446 6270
Email: arkan@brunswickgroup.com
About Arkan
Arkan Building Materials Co. PJSC (ADX: ARKAN), is a public joint stock company specialising in manufacturing of building and construction products in the UAE. 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. For further information, please visit our website: www.arkan.ae.
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