FATA awarded a USD300 million contract for the development of an aluminum rolling plant in Oman

Press release
Published May 11th, 2011 - 06:44 GMT
Anthony Tropeano, CEO of FATA
Anthony Tropeano, CEO of FATA

The Italian company FATA, a division of international company Finmeccanica,  was awarded a contract worth USD 300 million with Oman Aluminium Rolling Company, and so has been selected as a leader for the management of engineering projects and the organization of procurement and construction, yesterday during the Aluminum Duabi Exhibition . 

This strategically important project will be located in Sohar, north of Muscat.  

Mr Anthony Tropeano, CEO of FATA, said, “The estimated cost of the project is USD385 million, and 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. And under an Interim Agreement, FATA has began the engineering works in January 2011. 

He also mentioned that 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. 

“FATA estimates the employment levels during construction will peak at approximately 1,200 persons.” 

“It is worthy to mention that 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,” he added. 

Mr Tropeano described the mill as a uniquely positioned factory, designed to deliver high quality and short lead time products to its customers, and perfect for the growing regional demand, while 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. 

He said, “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 as well as increasing and diversifying revenues for the local economy.”

Background Information

FATA

FATA SpA is a diversified group of companies active in the field of industrial plant engineering and construction.
Established in Turin (Italy) in 1936 as a manufacturing concern, today it is responsible for all the strategic, financial, human resources and coordinating activities of its various divisions operating in the sectors of:
• Engineering, Procurement and Construction
• Primary and secondary aluminium
• Implementation of complete turnkey plants and single equipment for the aluminium,
  steel and stainless steel, copper and magnesium processing industry
• Oil & Gas
• Power generation plants

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