Building materials firm says expansion of production capacity is due to growth of local demand
Bahrain-based building materials firm, Cemena Holding Company, in which Gulf Finance House has a majority stake, is looking to expand its business in the region.
As part of the plan, Cemena said its planned expansion of Falcon Cement Company’s (FCC) production capacity will bring it ‘in the near future’ up to 3,500 tonnes. FCC is the kingdom’s first integrated cement plant, established by Cemena in 2007.
The plant expansion will help the company meet Bahrain’s growing demand for cement, driven by the increasing number of infrastructure projects in the Gulf country. The company is also in the process of raising the production capacity of Bahrain Aluminium Extrusion Company (Balexco), in which it has a controlling stake.
The project is expected to be completed and operations commenced this year, Cemena said.
“The expanded capacities at FCC and the Balexco project’s completion will enable us to better meet the rising demand for building materials in Bahrain, while further diversifying our business activities into the building materials segment of the market,” said Cemena chief executive, Salah Sharif.