Balexco Plant Expansion Project nears Completion

Balexco, a leading regional aluminum extrusion company based in Bahrain, announced that the project to expand its plant in the Sitra Industrial Zone is near to completion, with the new advanced production units almost in place.

The US$21.3 expansion project consists of two parts: a $9.3 million anodizing unit and a $12 million aluminum extrusion line. Both are expected to begin operations in December of this year.

The advanced anodizing unit is expected to produce about 6,000 metric tons of anodized aluminum annually, a 67% increase over the current production levels. The new extrusion line will increase the production capacity of extruded aluminum by about 33%, from 24,000 to 32,000 metric tons annually.

Balexco Chief Executive Officer, Jassim Mohamed Seyadi said the expansion was aimed at meeting the growing levels of demand locally, regionally and internationally in general and the demand for Balexco products in particular. He pointed out that Balexco products are used on a large scale in many foreign projects, with 70% of the company’s products exported to Gulf and Arab markets and the remaining 30% consumed by the Bahraini market.

It should be noted that Balexco has achieved steady positive revenues of between 20% and 25% over the past 5 years, and that the company is the fourth largest aluminum extrusion company in MENA in terms of production today.

"Balexco has managed to maintain its standing in the Gulf markets thanks to its outstanding products, its experience of more than 30 years, and its ability to develop its operations and products to meet the needs of the market and its clients across all of the countries in which it operates," commented Balexco Chairman, Mohammed Hassan al Nusuf.

Mr. Al-Nusuf said that the Belexco Board of Directors is negotiating a number of new expansion projects in light of available investment opportunities related to the company's activities. He said the company intends to significantly expand its operations in the near future in order to continue meeting the needs of its clients and the construction and industrial boom that Bahrain and the GCC are currently witnessing.