Mubasher: Armacell, a world leader in flexible insulation foams for the equipment insulation market and leading provider of engineered foam, announced on Wednesday that it plans to establish a new plant in Bahrain with total investments of $16 million.
Located at the Bahrain International Investment Park (BIIP), the plant will produce elastomeric rubber insulation for the heating, ventilation and air conditioning (HVAC) market in the GCC and Africa at the unit, according to a statement, and is expected to create more than 100 jobs within the first three years of operation.
“The Bahraini government has created world class infrastructure greatly benefiting companies such as Armacell, and businesses are increasingly realizing the logistical and economic benefits of locating here. Choosing Bahrain as a location for Armacell’s manufacturing facility is a reflection of investor confidence and testament to our business friendly environment, Minister of Industry, Commerce and Tourism, Zayed R. Al Zayani, said.
“This is a very exciting project, and we look forward to working closely with Armacell, as they develop their business model,” he added.
Khalid Al Rumaihi, Chief Executive of the EDB said: “We are proud to see Armacell´s progress in establishing its new manufacturing facility in Bahrain. Specialist manufacturers like Armacell have an important role to play in enabling the growth and diversification of the region’s economy, as well as directly creating jobs”.
Neville D’Souza, General Manager, Armacell Middle East Company (AMEC) said: “We are very pleased with the speedy progress we have made in establishing our first manufacturing plant in Bahrain. We are excited to begin our operations and to take advantage of the opportunities within the Gulf market. The EDB has been supporting us from the start in our endeavour”.
