The CEO of Bahrain-based Mumtalakat Holding Co. has paid a visit to the construction site of a recently announced $55 million aluminium recycling and cast house facility in that nation.
An online report from the Bahrain News Agency says Mumtalakat CEO Mahmood Alkooheji visited the construction site the remelt facility to be operated by the company’s GARMCO subsidiary. The plant is being designed “to develop GARMCO’s metal recycling capability, which will increase GARMCO’s production capacity by 150% to 200,000 tonnes of aluminium slabs per annum,” says the news agency.
The holding company CEO said the additional downstream aluminium production capacity will help bolster Bahrain’s manufacturing sector, which he said already accounts for 20% of the kingdom’s gross domestic product.
Alkooheji said the expansion is part of a three-year programme designed to lower the cost of aluminum in Bahrain. GARMCO Acting CEO Mohammed Essa remarked that the remelt facility and cast house will “contribute not only to GARMCO but to the development of recycling programmes in the region.”
Essa said the first castings are scheduled to be produced in July 2017 and the facility is expected to be fully ramped up by November 2017.
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