Emirates Steel saves $60 million by streamlining and improving production
The UAE's largest publicly traded steel and building materials company, Emirates Steel, saved $60 million in 2021 by investing in innovation and forward-looking solutions.
In February 2020, Emirates Steel became the first steelmaker in the world and the first steelmaker in the UAE to receive ISO 56002:2019 Innovation Management System certification, recognizing the company's success in introducing the latest cutting-edge technologies. technology and best practices.
The company has also received three patents in the past few years from the US Patent and Trademark Office, including one in collaboration with Khalifa University.
Saeed Ghumran Al Remeiti, CEO of Arkan Group and CEO of Emirates Steel, said:
“Celebrating World Creativity and Innovation Day, Emirates Steel Arkan Group is committed to highlighting the importance of using innovation and creativity to create value for our shareholders and to support the development of the UAE industrial sector and ensure sustainable long-term growth. To this end, our dedicated innovation team and Science Committee are accelerating the integration of R&D culture across the organization, collaborating with external institutions to boost our R&D efforts.”