Bahrain Steel, a wholly owned unit of Foulath Holding, expects to ramp up production by more than 80 per cent in 2015 and reach its full annual capacity of 11 million tonnes in 2016.
The pelletising plant's output was up 40 pe
Bahrain Industry and Commerce Minister Dr Hassan Fakhro praised the ongoing efforts by the Kingdom's private sector to help international investors establish projects and accommodate local workforce.
His remarks came during a
Arab Iron and Steel Union (AISU), the largest regional Arab conglomerate of iron and steel producers and users comprising more than 80 companies from 16 Arab states, has appointed Khalid Al-Qadeeri as its chairman.
The appointment was made
US-based Minerals Technologies, a resource and technology-based growth company, said its unit has signed an deal with United Steel Company (SULB) for the refractory maintenance at its greenfield steel mill in Bahrain.
Bahrain-based Gulf United Steel Holding Company (Foulath), a global steel investment vehicle, said its subsidiary United Steel Company (SULB) has successfully completed the acquisition of a steel company in Saudi.
SULB, a steel manufacturi
Bahrain councillors could be set for a dramatic U-turn after initially threatening to block the creation of a $1.2 billion (BD452 million) steel plant in Hidd.
At Muharraq Municipal Council's last meeting before the summer break yester
Bahrain-based Gulf United Steel Holding Company (Foulath), a leading global steel investment vehicle, on Tuesday inaugurated its mammoth steel manufacturing complex in the Kingdom built at a cost of $3.5 billion.
A ceremony was held under
The steel market in the Middle East region looks more promising despite short-term challenges such as global downturn and the lack of available project finance that have put the brakes on regional expansion projects, said a report.