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FACTDROP: Top China firm plans $200m plant in Bahrain


Top China firm plans $200m plant in Bahrain

Πηγή: Trade Arabia
Jan 16 2012

Chinese fibreglass manufacturer CPIC is planning to set up a $200 million fibreglass manufacturing facility in Bahrain in partnership with Abahsain Fiberglass Middle East.

The factory will be built at the Bahrain International Investment Park (BIIP) in Salman Industrial City. The Bahrain project will be built on a plot of 78,000 sq m and at full production will employ 1,000 people.

Industry and Commerce Minister Dr Hassan Fakhro visited the CPIC plant in Chongqing, China, last week and met company chairman Wu Ming and his senior management team.

Dr Fakhro was in China to see first-hand the size and scope of the CPIC operations in Chongqing and to brief Wu and his team on the current economic and political climate in Bahrain.

He was also there to encourage the project partners, CPIC and Abahsain Fiberglass, to move the project forward in 2012.

The minister was accompanied on his visit to China by Abahsain Fiberglass chief executive Syed Maqsood and executives of the BIIP management team.

Dr Fakhro attended a signing ceremony where Wu and Maqsood signed a letter of intent, designed to move this project forward rapidly in 2012.

He committed the full support of his ministry and of other relevant government agencies in Bahrain to the development of this project. Dr Fakhro told Wu that he looked forward to seeing him soon again in Bahrain to officiate with him at a construction commencement ceremony for the new project.

He also highlighted his plans to attract further Chinese companies to Bahrain by using this flagship project as an example of the quality of location that the kingdom can offer in the future.

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