Bahrain.com Home Media Centre

Synergies Castings sets alloy wheels in motion

Bahrain has a thriving aluminium sector and is a major specialist in high-quality aluminium products. The Kingdom has forged a reputation as one of the longest-established aluminium industries in the Gulf region, where this valuable metal is our biggest export after oil. Aluminium Bahrain (Alba) is already the world’s fourth-largest smelter; after its US $3.5 billion Line 6 expansion completes in 2019, it will be the biggest single-site manufacturer.
 
Now the industry is to be boosted by the arrival of Synergies Castings Limited, one of India’s leading aluminium casters and manufacturers of alloy wheels for global vehicle manufacturers, in a joint venture with Bahrain Mumtalakat Holding Company, Bahrain’s investment arm. It is also part of an initiative between Mumtalakat and the Bahrain Economic Development Board (EDB) to diversify the aluminium industry further towards attracting higher value-added ‘downstream’ production.
 
When operational, the new Synergies Castings facility will have an annual 25,000 metric tonne capacity and offer comprehensive design, engineering, advanced simulation, product development and manufacturing.
 
The facility is being developed next to Alba as a cornerstone project at a new molten-metal park, and will ultimately benefit from Alba’s increased liquid aluminium output.
 
Strong mutual ties
 
Synergies Castings is just the latest in a growing number of Indian businesses to base their regional headquarters and branches in Bahrain – over 120 in total. It joins other notable manufacturers such as JBF, who produce polyester films and chips, and Chemco Group, a plastics company. India is one of the Kingdom’s most important economic partners: mutual trade exceeded US $1.2 billion in 2011, with Bahrain’s diversified economy exporting US $483 million of non-oil goods to India. More than 350,000 Indians – one in three of the expatriate workforce – are resident in Bahrain and contribute significantly to the Kingdom’s social and cultural life.
 
Closing comment
 
Speaking at the signing of the joint venture, Mr. Khalid Al Rumaihi, Chief Executive of the EDB, said: “We are delighted to have played a central role in the establishment of this joint venture, which will help to further develop Bahrain’s downstream aluminium sector and continue efforts to diversify the economy. Aluminium plays an important role in our non-oil economy and exports, and this initiative will create high-quality jobs for Bahrainis.”