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K E C International acquires automated transmission tower manufacturing facility in Dubai

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Capital Market

Through subsidiary KEC Towers LLC

K E C International through its wholly owned subsidiary, KEC Towers LLC, has acquired a state]of]art automated Transmission Tower manufacturing facility with a capacity of 50,000 tons p.a., in mainland Dubai, United Arab Emirates in an auction sale conducted by Emirates Auction Authority.

This acquisition provides KEC a strategic foothold to serve the markets with high growth potential in Middle East and Africa. Besides, it will enable KEC to leverage its technical knowhow to create effective EPC solutions and drive deeper connect with customers. It enhances the credentials to secure additional business in the MENA region on account of local price preferences/fiscal benefits.

 

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First Published: Feb 24 2020 | 9:44 AM IST

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