Gulf News reported that Dubai Italian contractor Finmeccanica, through its unit Fata has been awarded AED 1.1 billion turnkey engineering, procurement and construction contract by Aluminum Rolling Mill Company for the aluminum rolling plant that will be located in Sohar of Oman.
The project will provide 275 direct jobs and will also generate many other jobs required to support the operation of the plant. With an annual capacity of 160,000 tonnes, the facility provided by Fata will contain a Hazelett continuous caster while Fata Hunter, division of Fata will supply a hot rolling mill along with world-class cold rolling and finishing equipment.
The rolling mill will serve the aluminum food container and food preservation foil markets along with material for the automotive heat exchanger and air conditioning markets.
Under the agreement, Fata began the engineering works last January. It estimates the employment level during construction will peak at approximately 1,200. The mill is uniquely positioned for the growing regional demand and sales are expected to reach international markets as well. Groundbreaking will take place in July with the first production coils targeted for August 2013.
The project fits with the strategy of adding value to existing market and developing economically attractive downstream investments.
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