FATA is awarded a 300 million USD contract for the development of an aluminum rolling plant in Oman.
Mai 16th, 2011 | By ALUMINIUM in Allgemein, Exhibitors | No Comments »FATA EPC, a Division of FATA SpA (a Finmeccanica Company) located in Turin, Italy was selected and awarded by Oman Aluminium Rolling Company the USD 300 million turnkey EPC (Engineering, Procurement and Construction) Contract for the aluminium rolling plant in Oman.
This strategically important project will be located in Sohar, north of Muscat.
At a cost of USD 385 million, the project will provide 275 direct jobs at full production.
The project will also generate many other jobs required to support the operation of the plant.
With an annual capacity of 160,000 tons, the facility will contain a Hazelett continuous caster, while FATA Hunter, Division of FATA S.p.A., will supply a hot rolling mill along with a world-class cold rolling and finishing equipment.
Under an Interim Agreement, FATA began the engineering works in January 2011.
FATA estimates the employment levels during construction will peak at approximately 1,200 persons.
The rolling mill will serve the aluminium food container and food preservation foil markets, along with material for the automotive heat exchanger and air conditioning markets.
The mill is uniquely positioned for the growing regional demand and sales are expected to reach international markets as well.
The mill is being supplied molten metal from Sohar Aluminium Company which is located next door.
Sales Agreements with GARMCO in Bahrain are in place to market the mill’s products until an in-house sales and marketing team is established in the coming years.
Ground- breaking will occur in July 2011 with the first production coils targeted for August 2013.
The project is designed to deliver high quality and short lead time products to its customers.
Oman Aluminium Rolling Company is currently interviewing forty persons to begin training for plant operating jobs and four full time management employees are in place with more being added to launch the business.
The project fits with the strategy of adding value to existing local raw material and developing economically attractive downstream investments in Oman industries that in turn contribute to creating sustainable employment, expand the local industrial network an well as increase and diversify revenues for the local economy.
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