Ducab Metals Business (DMB) is doubling down on India - one of its fastest-growing markets, contributing 25 per cent of DMB's global exports. The company aims to increase this share to 50 per cent by 2025 under the India-UAE Comprehensive Economic Partnership Agreement (CEPA). DMB experienced a 12 per cent revenue growth globally in 2024, with projections indicating a 15 per cent increase in 2025. In terms of volume, the company saw a 4 per cent growth in 2024 and expects a significant 21 per cent surge in 2025, driven by expanding market demand and strategic initiatives.
India is one of the UAE's major international trading partners and has bilateral commerce with the two countries. This CEPA partnership promotes using the Indian Rupee and UAE Dirham in bilateral trade, a first-of-its-kind arrangement for India. Hence, this partnership enables greater access for UAE exports entering the Indian market through the reduction or removal of tariffs on multiple products, enhanced market access for UAE's service providers across multiple sectors and access for UAE businesses to Indian government opportunities.
By volume, India's Copper Market size was estimated at 6.6 lakh tons in 2023. During the forecast period between 2024 and 2030, India's Copper Market size is projected to grow at a Compound Annual Growth Rate (CAGR) of 6.6 per cent, reaching a volume of 10.3 lakh tons by 2030. India is not a major copper producer globally, so it relies heavily on copper imports to meet the demand.
India's aluminium market size was valued at USD 11.28 billion in 2023, and it is predicted to reach USD 18.84 billion by 2030, at a CAGR of 7.6 per cent from 2024 to 2030. India's continued extensive infrastructure development generates a strong demand for aluminium.
DMB is the only company in the MENA (Middle East-North Africa) region that produces copper and aluminium, making it a key partner for India's energy, automotive, packaging, and healthcare industries.
The company's confidence in India is further reinforced by its recent strategic acquisition of GIC Magnet, a UAE-based manufacturer, strengthening DMB's innovation, sustainability, and product diversification capabilities. This move aligns with its long-term vision to expand its product portfolio and global market presence.
Mohamed Al Ahmedi, CEO of Ducab Metals Business, said, "India is a powerhouse of industrial growth, and DMB is committed to being a key enabler of this progress. With rapid infrastructure expansion, increasing demand for sustainable materials, and a thriving manufacturing sector, India presents a tremendous opportunity for us to not just grow but to innovate and contribute to the country's economic success."
DMB has a production capacity of 300,000 tpa; it is also using its capabilities in the sector to drive the business with its CONTIROD technology, producing high-quality ETP copper rods, flexible cables, wires and overhead conductors for the electrical industry. DMB's products are vital for the industry, as they unleash many potentials in different segments and support the energy sector, transportation, and construction.
Ducab Metals Business (DMB) exports over 70 per cent of its products to 75+ countries. With a strong focus on India, DMB is building partnerships, investing in innovation, and driving the country's industrial transformation, positioning itself for long-term growth.
