logo
#

Latest news with #InterimGroup

Ducab Achieves 96.89% In-Country Value Mark
Ducab Achieves 96.89% In-Country Value Mark

Hi Dubai

time20-05-2025

  • Business
  • Hi Dubai

Ducab Achieves 96.89% In-Country Value Mark

Ducab, a leading UAE energy solutions provider, has achieved an exceptional 96.89% In-Country Value (ICV) score, reinforcing its role as a key player in the nation's industrial and innovation landscape. With 40% of its industrial raw materials sourced locally, Ducab exemplifies the UAE's push towards a knowledge-driven, sustainable economy. The company showcased its advancements at the Make it in the Emirates 2025 event held from May 19-22 at Abu Dhabi National Exhibition Centre (ADNEC), highlighting its expanding footprint as a global exporter of cutting-edge, sustainable energy products. Marking its 45th anniversary in 2024, Ducab operates in 75 markets worldwide and has doubled its aluminium production capacity. Exports now represent 60% of its output, reflecting the company's growing international influence in advanced manufacturing and clean energy solutions. Ducab's portfolio includes over 85,000 specialized cable variants and GCC's first High Voltage Fiber Optic cable, supporting smart grid and infrastructure development aligned with the UAE Net Zero by 2050 and Dubai Clean Energy Strategy 2050 goals. The company completed more than 5,000 projects globally and partnered on 500 local initiatives last year. Interim Group CEO Gert Hoefman emphasized Ducab's commitment to sustainable growth and local impact while expanding globally. Since launching Ducab Metals Business in 2020 and acquiring GIC Magnet in 2024, the company has added critical aluminium products essential for electric vehicles and green technologies, becoming the region's sole approved supplier in the US market. Ducab continues to invest heavily in R&D and Fourth Industrial Revolution technologies to enhance precision and efficiency in manufacturing, reinforcing the UAE's position as a global hub for innovative, sustainable industrial development. News Source: Emirates News Agency

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store