KEC International Ltd. through its wholly owned subsidiary, KEC Towers LLC, announced that it has acquired a Transmission Tower manufacturing facility in Dubai, United Arab Emirates. The acquisition will expand the global manufacturing footprint & further strengthens KEC’s positioning as a key player in the infrastructure space.
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.
With this acquisition, KEC now has 6 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 p.a. making it one of the largest globally operating T&D player.
Vimal Kejriwal, MD & CEO, KEC International Ltd commented, “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.”
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