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Finmeccanica has been awarded a contract worth approximately $300m

Oman: Wednesday, April 20 - 2011 @ 13:56

At a cost of $385m, this strategically important project will provide 275 direct jobs at full production and will also generate many other jobs required to support the operation of the plant.

With an annual capacity of 160,000 tons, the facility provided by FATA will contain a Hazelett continuous caster, while FATA Hunter, Division of FATA S.p.A., will supply a hot rolling mill along with world-class cold rolling and finishing equipment. 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.

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 mill is uniquely positioned for the growing regional demand and sales are expected to reach international markets as well. Ground-breaking will occur in July 2011 with the first production coils targeted for August 2013.

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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Wednesday, April 20- 2011 @ 13:56 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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