Conexus sets up $100mln aluminium rod plant in Bahrain
- Date: 09-Jan-2024
- Source: Zawya
- Sector:Industrial
- Country:Bahrain
Conexus sets up $100mln aluminium rod plant in Bahrain
UK-headquartered Conexus Resources Group has inaugurated a $100 million state-of-the-art aluminium rod plant in Bahrain which has a capacity of 32,000 metric tonnes per annum.
The company operating in 15 countries across the world including Switzerland and Singapore will leverage the group’s combined expertise in cutting-edge processing and logistical capabilities in managing global value chains to process liquid aluminium from Bahrain’s national manufacturer, Alba, into high-quality aluminium rods, serving regional and international clients.
The new company, Konexus Aluminium, affirms Bahrain’s standing as a leading destination for manufacturing and export hub to international markets.
Healthy pipeline
Currently the second largest non-oil contributor to real GDP standing at 13.9% as of 2023, Bahrain’s manufacturing sector has maintained a healthy pipeline of national and international companies which includes Alba, the largest single-site smelter outside of China producing more than 2% of the world's aluminium output, offering manufacturing companies investment-ready land for aluminium downstream projects. The sector remains a point of focus as one of the five priority non-oil sectors outlined by the national Economic Recovery Plan.
Dr Khaled Fahad Alalawi, Assistant Undersecretary for Industrial Development at the Ministry of Industry and Commerce, remarked: “This inauguration marks yet another milestone achievement that stands as a testament to Bahrain’s thriving