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Dubai: Ducab on Tuesday reported a 50 per cent jump in sales to Dh2.4 billion in 2007 backed by record-breaking half-yearly sales exceeding Dh1.1 billion.
Andrew Shaw, Ducab's managing director, said: "Once again Ducab's financial performance has exceeded all expectations. These results demonstrate Ducab's strong presence in the increasingly competitive GCC market and its commitment to technological improvements."
Ducab's expansion of the Abu Dhabi and Dubai factories was partly responsible for the strong performance.
Ducab was established in 1979 as the first purpose-built cable manufacturing company in the UAE and is equally owned by the governments of Dubai and Abu Dhabi. Its product range covers high voltage cables up to 132 kV, Ducab Powerplus medium voltage cables (up to 33 kV), low voltage power cables, control and auxiliary cables, wiring and lead-sheathed cables, and Ducab Smoke master, low smoke and fume zero halogen cables. Ducab is also well-known as the distributor of Ducab Connect cable accessories.
Over the past 10 years, Ducab has undertaken many developments, including the manufacture of medium voltage cables in 1998, the opening of the Abu Dhabi factory in 2005, its PVC compounding facility in Jebel Ali opening a year later in 2006, and its copper rod casting plant in Musaffah.
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