ETA Star Group, a property developer and construction company, will be investing $150 million (Dh550 million) in a new cement plant in Ras Al Khaimah under the company called Star Cement, top company official told Gulf News on Wednesday.

Hameed Salahuddin, Director of ETA Star Group said, the new plant, commissioned for last quarter of this year, will add two million tonnes of production capacity to their existing 3.5 million tonnes. "We are pushing ourselves in the direction of manufacturing," Salahuddin said.

The company is also investing heavily in steel manufacturing. With a steel rolling mill in place, the company is looking to back it with a steel mill shop, set to be located somewhere in Abu Dhabi.

"Currently, we are looking for a location," he said, adding that their total production will reach about 800,000 tonnes of billets and 400,000 tonnes of rolled steel products.