ICG's Diversified Portfolio

ICG is a long-term industrial investment company with a key differentiation in its ability to manage and operate its own investments. Since its inception, ICG has paved a remarkable path, across two verticals—Consumer goods manufacturing, including paper, tissue and chemical, and Infrastructure and building materials manufacturing including copper, cement and steel, building an impressive, impactful market presence and creating real value for economies globally in particular, the GCC and the Middle East region.

Manufacturing

Paper & Products

Crown Paper Mill
Ittihad Paper Mill

Crown Paper Mill (CPM) produces world-class jumbo tissue paper rolls from the highest-grade virgin pulp as well as deep-dye tissues. CPM launched operations in 1996 and was acquired by Ittihad Intl. Inv. in 2015.

  • The Company is one of the largest producers of tissue jumbo rolls in the UAE.
  • The facility is situated on a 50,000 sqm plot in ICAD-III and operates 3 tissue mills utilizing the most advanced equipment from leading international technology partners.
  • It has a total annual production capacity of 100,000 metric tons with 66% global exports and 33% local market share.
  • Plans are underway to launch a new tissue mill in Saudi Arabia with a capacity of 60,000 tonnes per annum, bringing the total to 160,000 tonnes annually. This will elevate CPM as the largest tissue paper producer in the region.

1996

260

employees

+90,000 sqm

under construction in KSA

4

Tissue Mill

33%

Market Share domestically

+60,000 MT

will be added in 2025

66%

global expert

Ittihad Paper Mill (IPM) sells its paper as reels, folio sheets, and cut size generic copy paper products. The facility started operations in 2020 and has a production capacity of 325,000 metric tons per year. The mill has a CO2 capturing process in its paper production, thereby, achieving close to zero carbon footprint status.

  • Set up in ICAD-II occupying a 250,000sqm plot, IPM is the first printing and writing paper mill in the GCC and the largest in the MENA covering supplying products to over 50 countries, reaching a 62% global export level.
  • IPM is the largest producer (by volume) of UWF paper in MENA with a capacity of 325,000 metric tons including converting capacity of 200,000 MT(A4 & Folio size).
  • IPM has an onsite effluent water treatment plant that allows the mill to reuse a significant portion of its wastewater back into the production of paper.

2020

430

employees

250,000 sqm

plot in ICAD-III

Certified by

FSC, PEFC, SMETA

Co2

Capturing Process

325,000 MT

annual production capacity

62%

global expert

Metal

Union Copper Rod

Union Copper Rod (UCR) was commissioned in 2008 and is the largest standalone rod mill in the Middle East. UCR produces premium copper rods used in electrical cables and general wiring (both for telecommunications and for electrical wiring in buildings).

  • UCR has the largest continuous rod production line of its kind in the Middle East, with production capacity exceeding 220,000 metric tons per year.
  • Located in the Industrial City of Abu Dhabi and spanning 35,000 sqm in a centralized facility, UCR has a total global export of 80%.
  • The Company primarily produces 8-millimeter and 12.5-millimeter copper rods with at least 99.99% copper content using industry leading Southwire Continuous Rod Casting Technology including a plant for upcycling/recycling of copper.

2008

143

employees

35,000 sqm

plot in ICAD-III

SCR Technology

(Southwire Continuous Rod)

220,000 MT

annual production capacity

80%

global expert

Chemicals

Union Chemicals Factory

Union Chemicals Factory (UCF) launched operations in 2009. UCF is the Middle East’s largest producer (by volume) of LABSA and SLES, the key ingredients used in producing several industrial and consumer detergents and personal care products. UCF customers for LABSA and SLES include large multinationals such as Unilever and Henkel as well as a diverse set of industrial customers.

  • UCF exports 75% of its products to more than 25 countries in MENA, North America, and South Asia.
  • UCF is one of the largest producer (by volume) of LABSA and SLES in the Middle East.
  • UCF has the capacity to produce 40,000 metric tons of LABSA / SLES per annum. In 2020, UCF acquired a plant in KSA, now Ittihad Gulf Limited (IGL), increasing its total annual production capacity to 80,000MT and providing direct access to the KSA market.

2009

119

employees

57,000 sqm

plot in ICAD-III & KSA

25

Local and international markets

80,000 MT

annual production capacity

75%

global expert

Cement & Steel

National Cement Factory
Union Rebar Factory

National Cement Factory (NCF) launched operations in 2008 and produces cement used in construction and infrastructure development. NCF is a leading cement provider in the UAE with the largest market share. The company has two channels to market – directly to ready-mix trucks and also to traders for export and bag sales.

  • The company runs a state-of-the-art grinding station (incorporating 2 grinding mills) with an annual grinding capacity of 3 million MT and has a 20,000 MT silos storage capacity.
  • The factory is situated in a 120,000 sqm plot in ICAD-I and was the first company to introduce ‘Green Cement’ (GGBFS) to the UAE market.
  • Some of the projects using NCF’s cement include the UAE’s first nuclear plant, Khalifa Port, the Abu Dhabi Presidential Palace, Abu Dhabi International Airport, the Cleveland Clinic and the Louvre, Abu Dhabi.

2008

84

employees

120,000 sqm

plot in ICAD-III

20,000 MT

Silos storage capacity

>1MT p.a.

GBFS imports

Approximately 3 million MT p.a

Annual Grinding capacity

Established in 2005, Union Rebar Factory (URF) provides comprehensive reinforced steel solutions and specializes in mechanical coupling systems & solutions, epoxy coating and other engineering services. URF business distributes (as well as cuts and bends) steel rods used in construction. URF’s customers consist primarily of large local and multinational contracting companies operating in the UAE.

  • URF houses modern machinery with a total capacity of 300,000 metric tons of steel bar per year.
  • URF’s facility is setup in a 50,000 sqm plot in ICAD-I in Abu Dhabi & JAFZA in Dubai.
  • URF enjoys a 12% market share in UAE.

2005

291

employees

50,000 sqm

plot in ICAD-I & JAFZA

12%

UAE market share

300,000 MT

p.a. production capacity

Guiding Principles of Our Investment Strategy

We pride ourselves on building a behemoth market presence with sustainability and innovation at core of our business strategy & way of working.

Scroll down to read our detailed business strategy and investment doctrine.

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