KEC International through its wholly-owned subsidiary, KEC Towers LLC, has acquired automated Transmission Tower manufacturing facility with a capacity of 50,000 tons per annum in Dubai.
This acquisition provides KEC with a strategic foothold to serve the markets with high growth potential in the Middle East and Africa. Besides, it will enable KEC to leverage its technical know how to create effective EPC solutions and drive deeper connections with customers. It enhances the credentials to secure additional business in the MENA region on account of local price preferences or fiscal benefits.
The strategic location of the plant with the proximity to world-class infrastructure facilities – Jebel Ali Port and Al Maktoum International Airport – sharpens the ability of the company to improve efficiencies and brings flexibility in utilising the facility to serve as a hub for merchant supplies of towers.
Vimal Kejriwal, MD & CEO, KEC International, commented, “This facility will help us in expanding our business at a time when we are clearly witnessing a resurgence of tendering activity in the Middle East and North Africa. We believe this acquisition to be value accretive to our stakeholders.”