KEC International Acquires a Power Transmission Tower Manufacturing Facility in Dubai
CEO Insights team , Press Release
This acquisition provides KEC with a strategic foothold to serve the markets in the Middle East and Africa with high growth potential. Besides this, it will enable KEC to leverage its technical expertise, to create effective EPC solutions & drive deeper connects with customers. Moreover, it also enhances the credentials to secure additional business in the MENA region on account of local price preferences/fiscal benefits.
Strategically located, the plant has proximity to world class infrastructure facilities such as Jebel Ali Port and Al Maktoum International Airport, which not only
This facility will help us in expanding our business at a time when we are clearly witnessing resurgence of tendering activity in Middle East and North Africa
sharpens the firm’s ability to improve efficiencies, but also brings flexibility in utilizing the facility to serve as a hub for merchant supplies of towers.
Commenting on this occasion, Vimal Kejriwal, MD & CEO, KEC, says, “We are happy that we have acquired a fully automated transmission tower manufacturing facility in UAE – Dubai. This facility will help us in expanding our business at a time when we are clearly witnessing resurgence of tendering activity in Middle East and North Africa. We believe this acquisition to be value accretive to our stakeholders.”
This acquisition expands the global manufacturing footprint & further strengthens KEC’s positioning as a key player in the infrastructure space. KEC now has six facilities, manufacturing transmission towers, railway & solar structures, monopoles and hardware spread across India, UAE, Brazil and Mexico with a total manufacturing capacity of up to 4,22,200 tons per annum, making it one of the largest globally operating T&D player.