Brief: AD Ports's KEZAD Group Selected By Amaero To Develop Titanium Powder Manufacturing Facility

Amaero

31/03/2023 09:55

March 31 (Reuters) - ABU DHABI PORTS COMPANY PJSC
 ADPORTS.AD :
    * KEZADTO SIGN THIRD BUILD-TO-SUIT DEAL WITH AMAERO FROM
AUSTRALIA
TO DEVELOP A TITANIUM POWDER MANUFACTURING FACILITY
    * SUBSIDIARY KEZAD GROUP HAS BEEN SELECTED BY AMAERO
INTERNATIONAL
FOR DEVELOPMENT OF ITS BUILD-TO-SUIT (BTS) TITANIUM POWDER
MANUFACTURING FACILITY
    * KEZAD GROUP WORKED CLOSELY WITH AMAERO TO CONCEPTUALISE
AND
DESIGN A TWO PHASE DEVELOPMENT
    * FIRST PHASE COMPRISED OF APPROX 10,000 SQM INCLUDING
OFFICE,
LABORATORY, TITANIUM POWDER PRODUCTION (TWO GAS ATOMISERS)  AND
POWDER PROCESSING
    * 2ND PHASE WILL COMPRISE APPROX 11,000 SQM, INCLUDING
TITANIUM
POWDER PRODUCTION (TWO GAS ATOMISERS), REVERT/TITANIUM RECYCLING
PLANT AND POWDER PROCESSING
    * BINDING LEASE IS EXPECTED BE SIGNED BY END OF Q2 2023, AT
WHICH
POINT THE PROJECT WOULD BE “GREEN LIGHTED.”
    * KEZAD ANTICIPATED THAT FACILITY‘S INITIAL PHASE WOULD BE
DELIVERED BY END OF 2024

Source text for Eikon:  ID:nADX7XbfG9 
Further company coverage:  ADPORTS.AD 

 ((Reuters.Briefs@thomsonreuters.com;))