Established in 1984, Bahrain Steel (BS) is fully owned by Foulath.
Bahrain Steel owns and operates 2 pelletizing plants in the Kingdom of Bahrain:
A) Pelletizing Plant No. 1
Operating since 1984, with a design capacity of 4 Mt/y
In 2007, the capacity was upgraded in-house to 5 Mt/y
B) Pelletizing Plant No.2
Design capacity: 6 Mt/y (capable of producing 7 Mt/y), being the largest rotary kiln of its kind in the world.
On 15 January 2010, the plant built by Kobe Steel, started commercial operation and immediately achieved its design capacity (i.e. without any ramp-up period) due to BS more than 27 years experience in pelletizing. The project was completed within budget.
More about Bahrain Steel (PDF)
BS sells about 77% of its production in GCC and the balance 23% is sold outside the region.
*United Stainless Steel Company
Stainless Steel Company (USCO) is a 90,000 tons per year cold rolled
stainless steel mill in Hidd, Bahrain.
USCO was established in
February 2005 and construction commenced in April 2005. USCO is one of the major
industrial projects in the region, with an investment of more than $200
million. It is the third major investment in Bahrain by Gulf Investment
Corporation (GIC). The other two investments are Gulf Industrial
Investment Company (GIIC) and Al- Ezzel Independent Power and Water Plant.
The project has brought
together several strategic GCC private and public sector investors,
- Gulf Investment Corporation (GIC)
- National Industries Group (NIG)
- Al Kharafi Group
- Kuwait Foundry Company (all based in Kuwait)
- Qatar Steel Company (Qasco) of Qatar
- United Gulf Industries Corporation (UGIC) of Bahrain
- and Al Rashid Group of Saudi Arabia.
*USCO is currently mothballed due to the difficult conditions in the global stainless steel industry.
More about United Stainless Steel Company Project (PDF)