Dubai – Mubasher: Dubai Cable Company (Ducab) on Sunday reported a 7% year-on-year increase in its sales for the year ended 31 December.
Sales registered AED 4.8 billion during 2018, the UAE-headquartered company said in a statement.
The firm now employs over 1600 people to serve customers across the UAE and the wider Middle East, Africa, Asia, Europe, and the Americas.
The leading manufacturer of high-quality cables and cabling products operates six manufacturing facilities across four sites in the UAE with all its production based within the country.
The company’s established wires, cables, and metals businesses all saw positive year-on-year sales growth over the course of 2018.
“For 40 years, Ducab has made its mark on the UAE’s evolving industrial and manufacturing landscape. It has been a pleasure to help steer the company’s progress over the past two years, including a positive 2018 despite the global economic slowdown,” Jamal Salem Al Dhaher, chairman of Ducab, commented.
Ducab currently exports around 60% of production across business units, the statement added.
With revenues close to $1.5bn employing over 1600, the company serves customers worldwide in the fields of energy, general construction, oil and gas, renewables, industrial, defence, rail transport, marine, mining, and other specialty industry verticals.
