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Metito eyes expansion plans

METITO, THE UAE-based utilities provider, is unlikely to go for an IPO this year and may opt to concentrate on aggressive expansions first.

Crushers struggle with production drop

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Production levels of aggregates and at crushers have dropped by almost 40 per cent following a drastic drop in demand, industry officials said recently. Manufacturers of machinery and spares for crusher units yesterday said they were aiming at markets in Saudi Arabia and other GCC countries to compensate for the drop in the demand in the UAE. According to Moritz Kerler, Managing Director, Quarry Mining and Equipment, prices of aggregates on an average has dropped from Dh15 to Dh16 per tonne in 2008 to Dh12 per tonne at present. "The margins have reduced drastically. I know companies whose turnover has dropped by almost 80 per cent in 2009," said Kerler. He added there is an oversupply of aggregates in the market. "There are too many players as well. Today it is very easy to get into quarrying," he added. Amit Rupwal, Technical Sales Manager for GCC and CIS at Ocean Equipment Factory, said: "The quarries have downsized and thereby profits have fallen bringing down the business opportunities for machinery suppliers.”
Last Updated ( Wednesday, 17 March 2010 17:09 )  

Business and Management

  • Skid order awarded for power plant expansion

    Colfax Corporation, a global leader in fluid-handling solutions for critical applications, announced its Allweiler AG business unit will deliver a US$1.4mn fuel injection skid order through Siemens AG for use in gas turbines in Iraq. The skids will be used for power plant expansions in Kirkuk as well as new plants being built in Baiji and Baghdad. The first two skids will be completed in early 2011. The Iraqi Ministry of Electricity has ordered an additional five and has options to purchase three more.

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Executives Calendar

November 2010

NOVEMBER 2010
1-4 GCC Power DOHA
www.ifpqatar.com

1-4 Adipec 2010 ABU DHABI
www.adipec.com

2-6 Jordan Motorshow AMMAN
www.ifpqatar.com
21-24 The Big 5 DUBAI
www.thebig5exhibition.com

28-30 Roadex/Railex ABU DHABI
www.roadex-railex.com
28-30 MEMEX 2010 ABU DHABI
www.memexnews.com

October 2010

OCTOBER 2010

3-6 Saudi Build RIYADH
www.recexpo.com

4-6 Powergen Middle East DOHA
www.power-gen-middleeast.com

17-19 PG&WSME ABU DHABI
www.powerandwaterme.com
17-20 Recycling & Waste Management KSA RIYADH
www.recexpo.com

17-21 GITEX Arabia DUBAI
www.gitex.com

18-21 Erbil International Fair ERBIL
www.ifpqatar.com

25-27 Saudi Transtec Dharan
www.sauditranstec.com


September 2010

SEPTEMBER 2010
27-30 Project Iraq ERBIL
www.ifpqatar.com

January 2011

8-11 January
Arabplast 2011, Dubai

16-18 January
Intersec 2011, Dubai                      

17-19 January
World Future Energy Summit, Abu Dhabi                   

February 2011

8-10 Feb
Middle East Electricity, Dubai                          

8-10 Feb
Cabsat Middle East, Dubai

8-10 Feb
Gulf Industry Fair, Manama

28 Feb-3 March
Electro Automation Industrial & Energy Algiers

March 2011

1-3 March
Middle East Coatings, Cairo

7-9 March
Gulf Glass 2011, Abu Dhabi

8-10 March
Wetex 2011, Dubai

22-26 March
Conexpo-Con Agg, Las Vegas

April 2011

4-7 April
Syrpower 2011, Damascus

6-8 April
Resale 2011, Stuttgart

6-9 April
Plast Expo 2011, Casablanca

10-13 April
Saudi Communications, Riyadh

17-20 April
Cityscape Abu Dhabi, Abu Dhabi

26-28 April
GulfBID 2011, Manama

May 2011

2-5 May
Project Qatar, Doha

3-6 May
Arabian Travel Market, Dubai

17-19 May
FM Expo, Dubai

17-19 May
The Office Exhibition, Dubai           

23-25 May
M.E. Communications, Abu Dhabi

30 May-2 June
Saudi Elenex, Riyadh

31 May-2 June
The Airport Show, Dubai

June 2011

11-13 June
Cityscape Jeddah, Jeddah                        

October 2011

3-5 October
Power Generation & Water M.E., Abu Dhabi                   

10-13 October
Saudi Build 2011/Saudi PMV, Riyadh                         

16-18 October
MEMEX 2011, Abu Dhabi

Powergen Middle East, Doha

The Big 5 2011, Dubai

November 2011

21-24 November
Saudi PPPP, Riyadh