EPC Contract Aluminum Rolling Fata to Develop Aluminum Rolling Plant in Oman
Fata, a division of Italian Finmeccanica, was awarded a US $300 million contract for an turnkey EPC (Engineering, Procurement and Construction) Contract for an aluminium rolling plant at Sohar, Oman.
Turin/Italy – The facility will be able to process about 160,000 tons per year, containing a Hazelett continuous caster and a hot rolling mill provided by Fata Hunter along with modern cold rolling and finishing equipment. The total costs are calculated to be US $ 385 million. The first production coils are targeted for August 2013.
At full production, the facility will provide 275 direct jobs. Fata expects that some 1200 workers will be employed during the construction of the plant.
Engineering works had already been begun in January 2011 under an interim agreement.
The aluminium rolling facility is expected to meet the growing regional demand but also sell products on the international markets. Produced aluminum laminations and foils will serve the aluminium food container and food preservation foil markets, along with material for automotive heat exchangers and air conditioning systems.
Molten Aluminium will be supllied by an adjacent Sohar Aluminium Companay facility. This project fits into recent strategies to upvalue local raw materials and develop economically attractive downstream investments in Oman. Officials expect the industry to in turn contribute to creating sustainable employment, expand the local industrial network as well as increase and diversify revenues for the local economy.