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Danube to invest AED 50 million into the aluminum and glass sector by 2009

Post Time:Nov 12,2013Classify:Industry NewsView:39

Danube Building Materials, a leader in the construction, building materials and shop fitting industry, has announced its plans to invest AED 50 million towards aluminum and glass manufacturing by 2009.

The move is in line with the extensive growth witnessed in the aluminium market, with recent studies predicting that aluminum production in the UAE will cross 2.5 million metric tons by 2010. In addition, the investment aims to capitalize on the steadily rising price of aluminium, which rose by 23 percent in the first quarter of 2008 in Dubai compared to the same period last year, according to a July 16 arabianbusiness.com report.

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Source: http://www.glassmagazine.com/news-item/commercial/danube-invest-aed-50-million-aluminum-and-glass-sector-2009Author:

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