Ducab Metals Enterprise (DMB), a number one provider of high-quality copper and aluminium options, has introduced the strategic acquisition of GIC Magnet as a part of its ongoing efforts to develop its product portfolio and international market presence. This acquisition marks a big milestone in DMB’s journey to boost innovation, sustainability, and affect throughout the metals trade. By integrating GIC Magnet’s experience and capabilities, DMB will unlock new development alternatives, faucet into numerous trade verticals, and ship elevated worth to its prospects and stakeholders throughout a number of sectors.
“The acquisition of GIC Magnet expands DMB’s downstream product providing and aligns with our diversification technique to develop our market presence and broaden our portfolio on a worldwide scale,” stated Mohamed Al Ahmedi, Chief Govt Officer of Ducab Metals Enterprise. By penetrating wider markets and superior economies, the corporate will obtain sustainable income development of USD 40.5 million. This strategic transfer reinforces our dedication to innovation and sustainability, offering our prospects with a complete vary of high-quality, eco-friendly options that meet their evolving wants. With the demand for these merchandise in numerous trade segments rising at a CAGR of two.5% globally, this acquisition strengthens our potential to effectively serve numerous industrial necessities and create long-term worth for our stakeholders.”
Strategic Benefits and Trade Impression
The acquisition of GIC Magnet beneath the DMB umbrella introduces a singular product line to the corporate’s choices of copper and aluminium strips utilized in numerous key sectors reminiscent of cars, transformers, transportation, transport, motors, electrical autos, and electromagnet purposes. DMB aligns its product choices with these industries to fulfill the rising market calls for, making it well-positioned. By this acquisition, DMB plans to fortify its presence globally and turn out to be one of many key gamers in downstream merchandise within the Non-Ferrous metals trade. The corporate’s dedication to innovation and adaptableness helps its development. GIC Magnet’s place as the only real provider from the area with US market approval for paper-insulated Aluminium strips units DMB aside within the aggressive panorama.
“We’re happy to affix DMB and contribute our experience to their international operations,” stated Amit Shah, at GIC Magnet. “Integrating our capabilities into DMB’s portfolio will allow the corporate to develop its product choices and serve a broader buyer base. We’re assured that this acquisition will drive the metallic trade’s sustainable development.”
DMB’s acquisition of GIC Magnet is a optimistic step in the direction of our continued development projection and customer-centric strategy to being the most effective at school for metallic options.
About Ducab Metals Enterprise
Ducab Metals Enterprise (DMB) is a dependable and accountable supplier of high-quality copper and aluminium options. It’s dedicated to delivering pioneering sustainable metallic options globally. Established in 2020 as a part of the Ducab Group, DMB builds upon a legacy of belief and over twenty years of heritage, providing tailor-made copper and aluminium options.
With two state-of-the-art amenities and a complete put in capability of over 235,000 tonnes every year, DMB is a frontrunner in trade innovation. The corporate’s main focus is on making certain buyer satisfaction by delivering the most effective merchandise within the fields of copper and aluminium. DMB can be devoted to growing course of effectivity, sustainable sourcing, recycling, and decreasing its carbon footprint. The corporate’s strategy integrates sound monetary methods and a sturdy provide chain designed to successfully deal with the evolving wants of assorted industries whereas sustaining the very best requirements of product high quality and customer support.
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