GARMCO has awarded a contract worth $47 million to Fives to build a new state of art casthouse at GARMCO’s Bahrain based facilities.
The Re-melt Project is an EPC (Engineering, Procurement Construction) Turn-Key project, which will enable GARMCO to develop its metal recycling capability and lower the cost of metal casting. The project will run for a duration of approximately 21 months, starting September 2015. The first stage has already commenced and is being managed internally by GARMCO with the support of a local supplier. This stage consists of the construction of a scrap storage area and segregation unit. The new project, once complete, will enable GARMCO to produce 120,000 tonnes of aluminium slabs.
H. E. Mr. Bernard Regnauld-Fabre, Ambassador of France to Bahrain, and Mrs Valerie Montane, the Commercial Counsellor, attended the signing ceremony (pictured) as the guest of honours. GARMCO has also invited the project’s financier – Ahli United Bank to join the ceremony.