Armacell to build $16m foam factory in Bahrain
Manama : Armacell, a global leader in flexible foam for the equipment insulation market and a leading provider of high performance engineered foams, announced establishing a new $16 million manufacturing facility in Bahrain.
The new facility will be located at the Bahrain International Investment Park (BIIP) and is expected to generate more than 100 jobs within the first three years of operation.
The Bahrain Economic Development Board (EDB) assisted Armacell throughout their setup and registration process in Bahrain. Armacell will produce elastomeric rubber insulation for the heating, ventilation and air conditioning (HVAC) market in the GCC and Africa.
Minister of Industry, Commerce and Tourism Zayed bin Rashid Al Zayani said: “Choosing Bahrain as a location for Armacell’s manufacturing facility is a reflection of investor confidence and testament to our business friendly environment. This is a very exciting project, and we look forward to working closely with Aramcell.”
Khalid Al Rumaihi, Chief Executive of the EDB said: “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.”
Armacell is a world leader in flexible insulation foams for the equipment insulation market and also a leading provider of high performance engineered foams. In 2015, the company, with approximately 2,800 employees and 23 production plants, in 16 countries, generated net sales of 540.2 million Euros.
Bahrain’s manufacturing sector contributes considerably to the Kingdom’s economy, accounting for over 14.6% of real GDP, having grown by 20% over the past 5 years; it is the second largest contributor to Bahrain’s economy in the non-oil sector.
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