Shyam Middle East Resources FZ-LLC, part of India’s Shyam Steel Group, is establishing a new non-ferrous metals processing and manufacturing facility at Al Ghail Industrial Zone in Ras Al Khaimah Economic Zone (RAKEZ).
The project will involve an investment of around AED 40 mln and forms part of the group’s regional expansion strategy in the Middle East.
The facility will be developed over an area of around 21,000 square meters in two phases. The first unit is expected to commence operations in the first quarter of 2027, followed by the second phase in the subsequent quarter.
The plant will process and manufacture non-ferrous metals including lead, aluminum, and copper, in addition to alloy production from non-ferrous ingots. The facility is expected to have production capacity of up to 2,000 tons per month
Shyam Steel Group is a leading primary steel producer in India, manufacturing rebar, wire rod, structural steel as well as ferro alloys. The company operates multiple integrated steel plants in West Bengal.