Pioneering Metals: Rakez's $11m Revolution

Ni Met Recycling
Ni Met RecyclingImage Source: Zawya

Synopsis

A new $11 million stainless steel and scrap recycling facility, Ni Met Recycling, has been inaugurated in Ras Al Khaimah. Opened by Sheikh Ahmed bin Saud Al Qasimi, the facility aims to significantly contribute to the UAE's sustainability goals and has plans to expand its recycling capacity further.

Article

An $11 million state-of-the-art recycling facility has been opened in Ras Al Khaimah’s Al Ghail Industrial Zone. Known as Ni Met Recycling, this facility was inaugurated by Sheikh Ahmed bin Saud Al Qasimi, Chairman of Ras Al Khaimah's Public Services Department. The facility covers an area of 29,900 square meters and is set to play a pivotal role in enhancing the sustainability of the region.

Ni Met Recycling has a broad approach to recycling. Not just limited to stainless steel, the company also focuses on recycling ancillary metal scraps like low and high nickel alloys, chrome, and molybdenum. This diversified focus ensures that the company makes a significant contribution to sustainable resource utilization.

The company's mission extends beyond the borders of the UAE. The end-products of its recycling processes are sent to multiple international markets, especially in India, Europe, and various Southeast Asian countries. In doing so, Ni Met Recycling exemplifies a global commitment to environmental responsibility.

At the opening ceremony, several dignitaries and company officials were present. Anil Shah, Chairman and Managing Director of Ni Met Recycling, emphasized the company's aspiration to contribute to the circular economy and become one of the largest manufacturers in the region.

Ni Met Recycling aims to align its operations with the UAE's Net Zero 2050 initiative. This commitment to a circular economy not only benefits the global market but also significantly contributes to the sustainability and environmental goals of the UAE.

According to Shah, the decision to establish the facility in Ras Al Khaimah was influenced by several factors, including the availability of large industrial plots and the support provided by Rakez. The company believes that Rakez's efficient processes played a crucial role in the swift establishment of Ni Met Recycling's operations.

Ramy Jallad, Rakez Group CEO, added that the company’s inauguration aligns with the UAE’s Year of Sustainability and its preparation for hosting COP 28. He expressed excitement about Ni Met Recycling’s long-term prospects and their potential contribution to regional growth and sustainability.

Conclusion

The inauguration of the $11 million Ni Met Recycling facility marks a significant milestone for Ras Al Khaimah and the UAE as a whole. With its focus on recycling various metal scraps and contributing to a circular economy, the company stands as a beacon of sustainability and environmental responsibility.

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