June 13, 2017
Carbo One Ltd., a major global coal trader, announced the opening of the Company’s new office in UAE (Dubai). Carbo One has set up its branch in DMCC (Dubai Multi Commodities Centre) Free Zone in UAE under the name Carbo One Limited DMCC Branch. The Branch obtained its trading license in June 2017.
UAE Branch provides Carbo One with a strategic location to meet growing demand both for thermal and metallurgical coal in the world’s fastest growth areas, to strengthen its access to prospective emerging markets of seaborne coal and to expand in new regional segments.
Carbo One Limited DMCC Branch targets are:
· To diversify the Company’s presence on the global coal market;
· To get closer to the Middle East and Asia Pacific clients, providing its best services on behalf of Carbo One Limited;
· To obtain up to 30% increase in the Company’s coal sales within next 3 years.
The Company follows the global coal market trends, seeking for convenient chain of commodities supplies. Carbo One considers the UAE as a well-placed business hub, where the main activities of the branch are aimed at the coal markets of Turkey, Pakistan, India, Egypt and other Asian countries of the region towards the expanding business needs of the Company.