UK-based Connexus Resources Group has invested $100 million in Bahrain to commission a state-of-the-art aluminum bar factory with an annual capacity of 32,000 tonnes.
With operations in 15 countries around the world, including Switzerland and Singapore, the company will leverage the group’s combined expertise in cutting-edge processing and logistics capabilities in managing global value chains to produce liquid aluminum from Bahrain’s state-owned manufacturer Alba. processed into high quality aluminum rods. Serving regional and international customers.
The new company, Conexus Aluminum, will solidify Bahrain’s position as a manufacturing and export hub for international markets.
healthy pipeline
As of 2023, Bahrain’s manufacturing industry, accounting for 13.9% of real GDP and the second largest non-oil contribution, maintains a healthy pipeline with domestic and international companies, including 2 It also includes Aruba, the largest single-site smelter outside China, producing more than %. It is the world’s leading producer of aluminum, providing manufacturers with prime land to invest in downstream aluminum projects. The sector continues to be highlighted as one of the five priority non-oil sectors outlined in the National Economic Recovery Plan.
Dr. Khaled Fahad Alarawi, Assistant Secretary for Industrial Development at the Ministry of Commerce and Industry, said: “This inauguration is another milestone that is testament to the prosperity of Bahrain’s manufacturing industry, which continues to provide an ideal gateway for businesses.” We will develop the Middle East market and beyond. ”
huge stride
He added: “Thanks to the joint efforts of Team Bahrain and Alba, Connexus Resources has made significant progress in establishing a rod mill facility over the past 18 months. This initiative is a major step forward for the local manufacturing sector. This will be further driven by a larger strategic plan with a view to developing the Kingdom’s Aluminum Downstream Park, which will further position Bahrain at the forefront of aluminum manufacturing at regional and global levels.”
Manufacturing companies operating in Bahrain are backed by a business-friendly environment, favorable tax regime with 100% foreign ownership in most sectors, and a diversified portfolio of aluminum manufacturing companies that effectively complement downstream clustering. I have benefited from the insight. Export-focused companies gain streamlined connectivity to international markets with advanced air and sea transport connections and direct access to Saudi Arabia via the King Fahd Causeway.
high quality aluminum rod
Brijender Pal Singh, CEO of Connexus Resources Group, added: Konexus aims to provide high-quality aluminum rods to industrial applications worldwide, and has access to experienced and highly skilled local talent, duty-free trade benefits, and strategic strategic locations with direct access to the fastest aluminum rods available. Given its location, Bahrain was chosen as an obvious destination. A growing market around the world. ”
Ali Al-Mudaifah, Head of Business Development, Bahrain Economic Development Board, said: “Beyond Bahrain’s strategic location and free trade agreements covering 22 countries, Bahrain has an unparalleled export efficiency with world-class export efficiency. “We offer investors the best value for manufacturing operating costs in the region.” “This logistics zone provides fertile ground for companies looking to establish and expand across the region. The Conexus Aluminum Plant is a welcome addition to Bahrain’s thriving aluminum industry, with a wealth of niche experience and capabilities. ”-TradeArabia News Service
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