Ducab, one of the leading manufacturers of high quality power cables in the Middle East, has announced during a press conference held in Dubai, record sales of AED 3.6 billion (USD 980 million) for 2010, representing a 51% increase over the previous year and 47% volume growth with full realisation of copper rod capacity. Going forward this year, despite the global economic downturn and a rise in copper prices, Ducab anticipates a further increase in volumes of about 15% compared to 2010.

Ahmad Al Shaikh, Chairman of Ducab, attributed the company’s success to expansion into new sectors and markets within the Middle East, Europe, Africa, and Asia, as well as the addition of eight new product ranges to the company’s portfolio.

Looking ahead to further expansion Ahmad Al Shaikh highlighted Ducab HV, the AED 500 million (USD 136 million) joint venture project with DEWA and ADWEA as 25% partners, “This exciting project is nearing completion and will be the major addition to the product range this year; catapulting Ducab to the next level with Extra High Voltage cable systems up to 400kV produced in a world class facility here in the UAE”.

Ducab cables & copper products are currently sold in over 40 countries worldwide across Middle East, Europe, Africa and Far East in Asia. Approximately 65-70% of Ducab’s total sales are currently made within the UAE market.