Conares, the second largest steel manufacturer in the UAE, has announced celebrating a 10-10-10 milestone of revenue and steel handled over 10 years.
Furthermore, its rebar mill completes 10 years of operations, which was established in 2011 at the Jebel Ali Free Zone (Jafza).
Announcing the key achievements, Chairman and CEO Bharat Bhatia, said: “Completing ten years is a proud and celebratory moment for us, as well as a rare occasion of notching up AED10 billion in revenue and a handling 10 million metric tonnes of steel in an eventful growth spanned over the last decade.”
“Conares, a 24/7 manufacturer, is the only steel producer in UAE diversified across rebars, pipes and color coated coils in the region, having invested in plants and operations with a current market value more than AED1.3 billion” he stated.
Director Vivek Bhatia said: “We want to dedicate this growth story of the decade to our committed workers, and it is their achievement, as they strived to make Conares one of the top three steel manufacturers contributing to the growth of the nation.”
“We leveraged innovation and our resources to implement the best practices in manufacturing, which opened our capabilities to meet the demand in the market. For the next 10 years, we have planned a range of measures to improve productivity, optimize our supply chain and automate processes,” he stated.
According to him, Conares has taken sustainable measures for its operations and will continue to invest in renewable energy.
Director (Sales & Marketing) Kush Bhatia said: “We are proud that our products are used in a wide number of major projects in the UAE, including Etihad Rail and the prestigious Expo 2020. Our growth and presence in international markets has been remarkable.”
“Currently, we are in the process of developing new markets for our products. We are keen on helping the ‘Made in UAE’ brand reach new heights, and export the products manufactured in the UAE, to be well recognized across the globe,” he added.
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