Dubai PR Network, Online Press Release from Dubai and Middle East
 
Infrastracture, Construction & Manufacturing(Real Estate & Retail)
Filter PR by
  
Emirates Steel signs new long-term iron ore pellet supply deal with Vale
 

 Emirates Steel has an iron ore pellet requirement of around 6 million tons per year

Abu Dhabi, UAE - 4 November 2018:   Emirates Steel, the only integrated steel plant in the UAE, has signed a four-year (2018-2021), high value contract with Vale, the world’s largest producer of iron ore and iron ore pellets, to supply iron ore pellets for its steel production in Abu Dhabi, United Arab Emirates. Emirates Steel and Vale have a long-standing business relationship that commenced in 2007 and has through this four-year contract strengthened into a strategic partnership. Emirates Steel has an iron ore pellet requirement of around 6 million tons per year. 

The agreement was signed by HE Saeed Ghumran Al Remeithi, CEO of Emirates Steel and Mr. Peter Poppinga, Executive Director, Vale during an official meeting held at the Emirates Steel office in the presence of senior officials from both companies. 

“The agreement with Vale comes in line with Emirates Steel strategy, which aims to secure flexible source of iron ore at competitive, stable and long term prices. This new partnership plays a vital role to further strengthening the growth of our steel production in Abu Dhabi, as well as realizing our vision of being a world class steel manufacturer providing the highest quality products, services and solutions to our customers and maximizing returns to our shareholders,” said Mr. Al Remeithi.  

“We are confident that this long-term supply contract will give us more flexibility to better serve our customers, achieve our business targets and to continue our focus on operational excellence. We are delighted to have signed this agreement with Vale and look forward to working closely together,' he added. 

Commenting on the agreement, Mr. Peter Poppinga, Executive Director, VALE said: “The long-term agreement resembles the two companies visions combined in long-term partnership. Also shows Vale’s strong willingness to support the Middle East steel making industry through leveraging on competitiveness, productivity and performance with high quality products.”


Posted by : Dubai PR Network Editorial Team
Viewed 11480 times
PR Category : Real Estate & Retail
Posted on : Sunday, November 4, 2018  11:19:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Ability to Embrace Technology Will Determine Future of Food ...
Next Story : Liberty Steel agrees deal with ArcelorMittal to acquire furt...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Boss Bottled Infinite: Express Your Inner Self [22338-Views]
Chronoswiss adds beauty in blue to Sirius Chronograph Moon Phase collection [13560-Views]
Mouawad Announces New Partnership With the Miss Universe Organization [11889-Views]
Ralph Lauren Introduces Ralph's Club for New York Fashion Week [11602-Views]
Expect more from your concealer, why settle for less! [8333-Views]
Ncef-reverse Eyes – Filorga's New Ground Breaking Eye Care! [8229-Views]
Roberto Cavalli's exclusive new duo of fragrances [7973-Views]
Ferrari 812 GTS: the V12 spider returns [7857-Views]
UAE Welcomes Energy Industry's Thought Leaders at World's Most Influential Energy Event [7735-Views]
La Roche-posay Presents an Incomparable Skincare Experience With ‘My Skin Track UV;' the W... [7594-Views]
A touch of elegance with Al Asel [7540-Views]
World's First Cartridge-Free Laser Printer Now Available in the UAE [7332-Views]
Tag Heuer Launches First Ever Emerald Green Dial Aquaracer (for Men & Women) in the UAE [7241-Views]
Tabreed demonstrates commitment to enhancing energy efficiency with ISO 50001 certificatio... [6814-Views]
A Journey of Belief: Caroline Leon goes the extra mile with DHL as she attempts to climb h... [6655-Views]
Sony Middle East and Africa launches the new king of full frame mirrorless cameras – Alpha... [6570-Views]
Corum Golden Bridge Round 39 for elegant lady [6442-Views]
The Ferrari F8 Spider: the evolution of the species [6374-Views]
Introducing the Dyson V11TM Absolute cord-free vacuum [5941-Views]
Tissot Carson Automatic Urban vitality [5642-Views]
Energy Transition is Accelerating Across Countries Worldwide According to 2019 World Energ... [5441-Views]
Trade Up Your Old Device For the Next Level Power Galaxy Note10 [5270-Views]
Pan Emirates Home Furnishing welcomes Autumn with its new collection [5264-Views]
LONGCHAMP Spring/Summer 2020 [4807-Views]
Introducing Pestle & Mortar [4740-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories