Abu Dhabi – Mubasher: Emirates Steel Arkan has rebranded as EMSTEEL as part of a broader strategy to accelerate its operational transformation and extend its global presence, according to a press release.
The new brand identity embodies the merger of Emirates Steel and Arkan Building Materials, completed in the fourth quarter (Q4) of 2021.
The transaction created the UAE’s largest steel and building materials company at a value of AED 13 billion.
Under the EMSTEEL brand, the company will initially operate through two distinct divisions; Emirates Steel and Emirates Cement. The cement portfolio includes Al Ain Cement Factory, Emirates Blocks Factories, ANABEEB, and Arkan Bags.
These two divisions will focus on delivering high-quality products to meet the growing demands of the UAE and global construction and manufacturing industries.
Headquartered in Abu Dhabi, EMSTEEL operates 16 plants with a total annual production capacity of 3.50 million tonnes of steel and 4.60 million tonnes of cement. The group exports to more than 70 markets worldwide, which account for 30% of its sales.
In the first half (H1) of 2024, the ADX-listed company logged net profits valued at AED 174.47 million, an annual drop from AED 280.47 million.
