After the successful launch of ERW Tube Mill Project in NCR-INDIA, DANA GROUP under itís rapid expansion plan has decided to start a new coil service center in the North African Arab Nation, Libya. It will be the groupís third coil service center, across 3 sub-continents.
The coil service center will be strategically located in Misurata Port Free Zone, which is just next to the Libyan Iron & Steel Company Complex, and hence will be a logistically feasible option. The coil service center is scheduled to be fully operational by May 2010. Initially start up will be with a 2000mm wide coil cutting facility, to cater to both light & heavy gauge coils. Later on, slitting facilities will be added.
Dr B.S Dana, Chairman of DANA Group said "Libya was a closed economy until the past couple of years, but now the wheels of progress have started rolling. The Libyan govt. has opened up for foreign investments and also announced a lot of commercial & infrastructure projects. We see, now is the right time to enter the market and cater to the local construction boom."