KIEV, Jan. 18 - Industrial Union of Donbas Corporation by the end of 2008 plans to launch jointly with local partners a new plant with a capacity of 1 million tons of reinforcement and rods in Al Fujayrah (United Arab Emirates).

"Jointly with local partners we will launch a new plant in Al Fujayrah with the annual capacity of 1 million tons of reinforcement and rods in Q4, 2008," IUD Chairman, Serhiy Taruta, said in an interview with Ekonomicheskie Izvestia newspaper.