Insulation Foams Foam Specialist Armacell Builds New Manufacturing Plant in Bahrain
Amacell, a specialist for flexible insulation foams, announced that it will build a new manufacturing facility in Bahrain. The new plant at the Bahrain International Investment Park (BIIP) will produce elastomeric rubber insulation for the US $ 3 billion heating, ventilating, and air conditioning (HVAC) market in the GCC states.
Manama/Bahrain – The announcement comes during an official German business delegation visit to Bahrain, led by Dr Herbert Jakoby - Deputy Vice-Minister of Economic Affairs, Ministry of Economics and Trade, North-Rhine Westphalia, and included Dr Karl Paetz Lauter, Managing Director of Armacell International Holding. This agreement came as direct result of the efforts of the EDB’s Germany office in Berlin in attracting German investment into Bahrain.
Kamal bin Ahmed, Minister of Transportation and Telecommunications and Acting Chief Executive of the Bahrain Economic Development Board (EDB) said: “Armacell joins a number of prominent German and other international businesses that are using Bahrain as a manufacturing hub to access the GCC region, one of the world’s great growth centres currently worth US $ 1.6 trillion and expected to reach US $ 2 trillion by 2020. In Bahrain, German businesses will find a sophisticated regulatory environment, excellent transport connections, low costs and competitive taxes, and a highly educated workforce.”
Dr Karl Paetz Lauter, Managing Director of Armacell International, said: “We are delighted to be establishing our first manufacturing plant in Bahrain. The fast growing Gulf market presents an excellent opportunity for manufacturing firms, and we think that not only does Bahrain provide the most efficient access to that growing market, but also provides the most open and favourable business environments in which to operate.”
Armacell, with its regional headquarters for EMEA in Germany, employees more than 2,200 people around the world and exports products to Europe, the Middle East, the Americas, Asia and India. The company joins a number of other Germany businesses that have already established operations in Bahrain as a means of accessing the wider GCC market. Leading German companies with offices or facilities in Bahrain include: DHL, BASF, SMS Meer, RMA and Siemens P.G.
More about the BIIP in this video: