Arab Today, arab today armacell establishes new plant in bahrain
Last Updated : GMT 23:12:04
Arab Today, arab today
Arab Today, arab today

Armacell establishes new plant in Bahrain

Arab Today, arab today

Arab Today, arab today Armacell establishes new plant in Bahrain

Armacell
Manama - BNA

Armacell, a world leader in flexible insulation foams for the equipment insulation market and leading provider of engineered foam, on Sunday announced that it will build a new manufacturing facility in Bahrain
The new plant, which will be located at the Bahrain International Investment Park (BIIP), will produce elastomeric rubber insulation for the US$3 billion[1] heating, ventilating, and air conditioning (HVAC) market in the GCC
The announcement came 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 GmbH. This agreement came as direct result of the Economic Development Board’s (EDB) Germany office in Berlin and its efforts in attracting German investment into Bahrain. The new "Armacell" manufacturing facility in Bahrain is expected to create more than 100 jobs.
During a meeting with the EDB, officials showcased the economic strengths of the Kingdom of Bahrain, and the business opportunities it offers to investors who can benefit from its open market, with a competitive tax regime, world-class regulation, and one of the most educated workforces in the GCC.
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. 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 Holding GmbH, 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 the German state of North Rhine-Westphalia, employs 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.
Bahrain’s open economy, favourable business conditions and strong economic fundamentals have been endorsed by the Heritage Foundation’s 2014 Index of Economic Freedom, which saw the Kingdom ranked 13th in the world and first in the Middle East and North Africa

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today armacell establishes new plant in bahrain Arab Today, arab today armacell establishes new plant in bahrain

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today armacell establishes new plant in bahrain Arab Today, arab today armacell establishes new plant in bahrain

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday