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 22/05/2013

        
 
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 Thirty Years of Working With Seel
 Singapore firm establishes steel wire joint venture in Oman
 Last Update:     05/12/2011 11:15:54
 Oman’s Takamul Investment Company has signed a joint venture agreement with Singapore based supplier of marine and offshore electrical products BH Global Marine to establish a steel wire plant in Oman under the name of Gulf Steel Specialty Industry.
The new facility will have a production capacity of 60,000 tonnes/year of galvanised steel wire for cable armouring applications. These wires will be used to protect aluminium cables. The plant is scheduled to begin operations in March 2013 and will employ around 100 people.
“It is an important project as our strategy is to develop value adding projects in the fields of metals, petrochemicals and minerals,” Takamul says in a statement.
Takamul, which is 90% owned by Oman Oil Company, has a 49% stake in the new JV, while BH Global Marine possess the remaining 51%.
A Takamul representative declined to tell Steel Business Briefing where the new plant will source steel from or in which markets it plans to sell its steel wire output.

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Algeria - ArcelorMittal continues talks to increase Algerian capacity
World  - World Steel sees iron ore surplus growing up to 2017
Russia - Russian firm plans to build billet & rebar mill by 2015-16
Turkey - Turkish billet and slab output down in Jan-Feb
Russia - Russia's Severstal to expand CR product capacities
CIS - ArcelorMittal expects 4.2% annual growth until 2018 in CIS
Russia - Russia's Severstal to expand CR product capacities
Saudi Arabia - Rajhi Steel mulls new billet plant
Saudi Arabia - Qatar Steel enters DRI supply agreement with Saudi mill
Russia - New capacity seen capping Russia rebar price

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Gulf Steel Specialty Industry.
Oman - Singapore firm establishes steel wire joint venture in Oman

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Oman
Muscat Steel (Oman) to launch new steelmaking complex by mid 2013
Oman's Freezone Sohar in talks with steel investors
Sharq Sohar Steel Rolling Mills (Oman) to start building second steelmaking complex in Q3
Jindal Shadeed Iron and Steel (Oman) to commission steelmaking complex in 2013
Omani rebar producer commissions new rolling mill
Jindal Shadeed to produce 7m t/y of pellets, considers longs
Singapore firm establishes steel wire joint venture in Oman
Omani billet producer plans capacity hike by 2014
Oman: Muscat Steel Industries builds steelmaking complex and intends to double rolling capacity
Hadid Majan (Oman) to commission new mill by late July

More About
Steel Industry
Algeria - ArcelorMittal continues talks to increase Algerian capacity
World  - World Steel sees iron ore surplus growing up to 2017
Russia - Russian firm plans to build billet & rebar mill by 2015-16
Turkey - Turkish billet and slab output down in Jan-Feb
Russia - Russia's Severstal to expand CR product capacities
CIS - ArcelorMittal expects 4.2% annual growth until 2018 in CIS
Russia - Russia's Severstal to expand CR product capacities
Saudi Arabia - Rajhi Steel mulls new billet plant
Saudi Arabia - Qatar Steel enters DRI supply agreement with Saudi mill
Russia - New capacity seen capping Russia rebar price
 

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