Gulf Aluminum Rolling Mill Company in Bahrain will receive the Stevie Award for Manufacturing Company of the Year at The 2011 International Business Awards in Abu Dhabi on October 11. Here we look at how this company is improving efficiencies and cutting costs while keeping its worldwide customers happy. Gulf Aluminium Rolling Mill (GARMCO) was established in 1981 to manufacture and market aluminium rolled coils and sheets. The company was set up as a joint venture between the Arabian Gulf states, with the Bahrain Government and Saudi Basic Industries Corporation as the majority shareholders, followed by the Industrial Bank of Kuwait and the Gulf Investment Corporation from Kuwait, Omani Centre for Investment Promotion & Export Development (OCIPED) of Oman, Qatar Petroleum from Qatar, and the Government of Iraq. GARMCO‘s initial annual production capacity was 40,000 tonnes per annum of aluminium rolled coils and sheets. The main target markets were Gulf Cooperation Council (GCC) states and the Middle East. Today, GARMCO has become the largest downstream aluminium facility in the Middle East, producing over 165,000 tonnes a year. Worldwide Sales GARMCO has been developed strategically to sell its products worldwide through Bahrain or through its network of 25 international service centers and sales subsidiaries. With the current global economic downturn, high inflation, and stiff competition in international markets, GARMCO has intensified its efforts to reduce costs, improve quality, and better serve its customers. |
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