NOVEMBER 2013 - FATA EPC has been awarded a contract in UAE. The project value is $ 70 million. - FATA EPC, a division of FATA Spa, has won an EPC contract for the construction and commissioning of a 70 Ton per day Chlor-Alkali Plant. The contract has been awarded by Union Chlorine L.L.C., a joint venture between Oman Chlorine SAOG and Horizon Energy L.L.C., in cooperation with two other investors.
The global project value is $ 70 million.
The Greenfield Chlor-Alkali Plant will be built at ICAD-3, ZonesCorp in Abu Dhabi, United Arab Emirates.
The signing ceremony between Union Chlorine L.L.C. and FATA EPC was held in Abu Dhabi on November 12, 2013, in the Club of Economic Media at the Department of Economics Development, in the presence of His Excellency Mohammed Omar Abdullah, Undersecretary of the Department of Economic Planning, His Excellency Sheikh Mohammed Abdullah Ali Al Qatabi, Ambassador of the sister GCC country Sultanate of Oman, and His Exellency Giorgio Starace, Italian Ambassador to the UAE and HE Rashed Saif Jaber Al Suwaidi - Deputy Chairman of Horizon Energy L.L.C. and Andrea Lombardi, General Manager of FATA.
The agreement was signed by Walid Azhari, Chairman & CEO of Union Chlorine L.L.C., and Anthony Tropeano CEO of FATA EPC.
FATA will be ultimately responsible for a complete EPC scope including the Engineering, Procurement, Construction, Commissioning and Start Up of the facility. This strategic project not only will provide direct jobs at full production but will also generate many other jobs required to support the operation of this new and important plant in Abu Dhabi.
The plant feature state of the art bipolar membrane Electrolysers and will be designed according to the Best Available Techniques (BAT) not only for process operations, but also for air emissions control and waste processing to grant full compliance with the stringent Local Environmental Regulations.
The project will deliver high quality products to the local Oil and Gas market in the UAE in addition to other sectors and downstream industries.
The fast track project schedule foresees plant commissioning targeted for August 2015 and commercial production for October 2015.
OCTOBER 2013 - FATA EPC and FATA HUNTER participated in the first Canadian International Aluminum Conference (CIAC) held in Montreal on October 22-24, 2013 at the Palais Des Congres De Montreal. - FATA EPC and FATA HUNTER participated in the first Canadian International Aluminum Conference (CIAC) held in Montreal on October 22-24, 2013 at the Palais Des Congres De Montreal.
The week of exhibitions, conferences and training dedicated to the Aluminum Industry is a first for Canada and was supported by the Aluminum Association of Canada, Alcoa, Alouette and Rio Tinto Alcan.
Transportation infrastructure, urban planning, energy and environment are key areas of development and growth involving the use of Aluminum as a solution.
CIAC covered the full value chain of Aluminum, from Primary, Secondary and Downstream facilities.
Over 100 International Companies participated in the event and showcased their Products, Technology and Services.
Over the week events, INALCO , a program focused on ideas, research and innovation, the REGAL Aluminum Research Center and the AluSolutions 2013 Conference was also held which represented a program focused on primary production and the environment.
Numerous speakers presented papers on numerous applications, case studies and technology in the Primary Aluminum areas.
Mr. Anthony Tropeano, CEO of FATA EPC, presented a paper, "The Qatalum Casthouse: From concept to operation of a value added and efficient casthouse".
The presentation was co-authored by Roar Orsund, Casthouse Manager of Qatalum.
Over 1000 people visited the event.
SEPTEMBER 2013 - Ansaldo Energia and FATA awarded contracts in South Africa worth about EUR440 million - A consortium led by GDF Suez has awarded Ansaldo Energia and FATA the contract for the "turnkey" development of two open cycle power plants for the production of electrical power in South Africa for an overall value of approx. 440 million Euros.
The project, which is known as "Peakers Project", was born some years ago upon initiative of the Energy Department of the South African Department with the aim of enhancing the response capacity of the South-African network to the load peaks; a need which is being progressively felt also because of the frequent black-outs in the supply of electrical power to both the citizens and the local industry, which are perceived as an obstacle to the economic development of the Country.
The project represents the first IPP (Independent Power Producer) type scheme for the South-African market. Besides the intrinsic complexity of such scheme, support has been required to adapt the local regulatory and legislative body to the new conditions of the electrical market.
The project was given a "green light" in June 2013, with the latest government approvals and the subsequent signature of the energy sale agreements ("Power Purchase Agreements") between Eskom, the South-African energy provider which had so far held the monopoly of production and diffusion of electrical power, and the two project companies created by GDF Suez, shares of which are also held by the Japanese Mitsui and local partners. These steps have allows finalizing the funding with the South-African banks and starting the development of the two plants.
The technical particularity of the two power plants, which consist of open cycles with gas turbines and generators manufactured by Ansaldo Energia, is the use of sole liquid fuel for the peak exercise, with injections of demineralized water to limit the emissions into the atmosphere.
The availability of gas would take to the Country further business potential for both Ansaldo Energia and FATA, as related to the conversion of both the plants which are the subject of this order from the open cycle technology to the combined cycle one - which is already technically planned, as well for new opportunities.
The commercial start-up of the plant in Dedisa, in the Port Elizabeth area, with a power potential equal to 335 MW, is planned in two years, while the one of the Avon plant, in the Durban area, for a power potential equal to 670 MW, is planned six month after the former.
Ansaldo Energia, leader of the consortium with FATA, shall supply to the site six gas turbines of model AE94.2, with relevant generators and auxiliary systems. Furthermore, Ansaldo Energia shall perform the civil works and commissioning of the systems, for an overall value of approx. 280 million Euros. FATA shall provide the mechanical and electrical systems for an overall value of 160 million Euro within the framework of the whole order. Furthermore, the contract includes the development of the sub-stations and of the interface with the power network, the storage and distribution of the fuel and the treatment of water.
Special attention has been focused on the safeguard of the environment and sustainability, besides the return for local employment during erection; these themes are deeply felt in South-Africa. Local employment, in particular, is a deeply felt issue, which also involves the cultural and vocational growth of the employed population.
Both Ansaldo Energia and FATA have established local branch offices in order to manage the relationships with customer GDF Suez, with the concerned South-African authorities and with the local sub-contractors and sub-suppliers. Such branch offices will also operate as a useful tool to pursue further business opportunities in the Sub-Saharan area, of which the South-African Republic is the main leading pole. To this purpose, the strengthening of the relationships with the industrial community in South Africa is considered as strategic, since it can be the preparatory stage to an interesting widening of the business opportunities also in the private sector and in additional activities such as the generation of electric power by turbo gas.
Focus - The golden age of the gas is passing by Austral Africa
The golden age of gas is again being spoken about significantly. This very geographic area is setting as a candidate to be one of the protagonists of such new era. The business opportunities in the Power Generation industry might widen in few years, due to the recent discoveries of huge offshore fields of natural gas.
Historically, gas drilling was predominantly performed North Africa, mainly Egypt and Algeria, but, new, significant fields of natural gas were identified in the offshore of Tanzania, Namibia and - mainly - Mozambique. Preliminary estimates of the sole latest recent discovery by ENI indicate - for instance - that the Agulha explorative prospect, located in the offshore of Mozambique, may contain more than 200 billion cubic meters. Namibia is of no lower importance either. An international call of tender is in progress in such country for the widening of the offshore basin to extract gas in the area of Oranjemund and further interesting opportunities are arising for new combined cycle plants.
Further evidence of the dynamism of the industry in this area is shown by the fact that the main providers of power in those countries are pursuing the so-called SAPP (Southern African Power Pool), a progressively interconnected shared electrical network for the development of Austral Africa.
AUGUST 2013 - OARC Initial Acceptance - The Oman Aluminium Rolling Company (OARC), owned by Takamul Investment Company and based in Sohar, Oman and being constructed by FATA EPC (a division of FATA S.p.A.) has achieved the first milestone towards initial acceptance of the facility.
OARC has produced coils across all product ranges meeting commercial specifications and will next move into commercial production. The project was completed on schedule. The construction and commissioning phase of the project was completed with over 5.3 million safe work hours.
The project officially began in January 2011, and ground breaking was held in June 2011. At the height of the project, 1700 persons were on site.
The OARC Plant will be a state of the art, world class light gauge sheet rolling facility with a capacity of 160,000 tonnes per year. It includes a Hazelett Twin Belt Caster which provides unique metallurgical properties that benefit customers in their business applications of aluminium sheet products. The successful combination of the industry leading technology of the Hazelett belt caster with the state-of-the-art Hot Rolling, Cold Rolling and Finishing Equipment supplied by FATA Hunter (another division of FATA S.p.A.) will allow OARC to provide customers value added products and generate long term, sustainable employment opportunities in Oman.
Takamul is a subsidiary company of Oman Oil Company (OOC), a Commercial Venture of the government of the Sultanate of Oman. The company was formed in 2008 to develop a sustainable downstream chain to support Oman’s thriving industrial sector. The company’s primary objective is to promote and invest in value-added economically viable projects that feed off local upstream industries that include metals, petro-chemicals and minerals.
FATA S.p.A. (a Finmeccanica company) is a leading diversified group of companies active in the field of industrial plant engineering and construction. Its headquarters are located in Turin (Italy), and it is present all over the world, including in the GCC with FATA GULF, through its various representative offices.
JUNE 2013 -OARC Project Safety - FATA's construction of the Oman Aluminium Rolling Plant in Sohar, Oman, has reached 5 million man hours with Zero LTI on June 13, 2013.
FATA, OARC, Sub-Contractors, Management Teams and Employees celebrated the event on site.
Mr. Buddy Stemple CEO of OARC and Mr. Anthony Tropeano CEO of FATA EPC and FATA HUNTER were present on this occasion and joined the FATA and OARC Management Teams.
The Plant which will produce 160,000 tons of high added value aluminium products, is currently in Hot Commissioning and initial production.
MAY 2013 - FATA participated in ALUMINIUM Middle East 2013 - FATA SpA, FATA EPC and FATA Hunter Divisions, participated in the ALUMINIUM Middle East 2013 Exhibition held at the Dubai International Convention & Exhibition Centre on April 23-25, 2013.
The event registered a record turnout of more than 3000 trade visitors from over 70 countries and a total of 162 exhibitors from 25 countries.On April 24, at the Innovative Podium, A. Tropeano, CEO of FATA Hunter, presented a paper on Hot Rolling Mills for the Aluminium Industry, explaining some of the innovative ideas and product improvement programs being developed by FATA Hunter.
FATA's booth wasvisited by many important guests, such as Mr. Hilal Al Kharusi, Chairman of Takamul, and Mr. Nabil Al-Ghassani, CEO of Takamul, who were welcomed by Mr. Ignazio Moncada, Chairman of FATA.
Once again the Exhibition proved to be a top level showcase and allowed for a good networking environment to meet clients and suppliers and discuss the aluminium industry in the GCC and its specific requirements.
APRIL 2013 - FATA participated in the conference and Country presentation: "Oman: green light for Business" - On April 18, 2013, a Country Presentation and Conference was organized and held in Confindustria Assafrica & Mediterraneo in Rome with the support of Embassy of the Sultanate of Oman in Rome, the Embassy of Italy to Oman, in collaboration with ICE and with the contribution of FATA Spa (a Finmeccanica Company).
The Conference "Oman: Green light for Business" attracted distinguished Speakers from Oman and Italy, including:
F. Aquino -President Confindustria Assafrica & Mediterraneo
HE Al Sinawi - Oman Ambassador to Italy
HE Al Raisi - Chief Economic Affairs Sector, Oman Ministry of Foreign Affairs
B. Al Nasseri - Director General Marketing and Media, Public Authority for Industrial Estate (PAIE)
N. Jaffar - Public Authority for Investment Promotion and Export Development. (PAIPED)
S. Al Hasani - Duqum Industrial Zone Authority
M. Al Hinai - Oman Oil Co
B. Al Shanfari - Senior Officer for Direct Investment, State General Reserves Fund
F. Scacciavillani - Chief Economist Oman Investment Fund
HE P. Amadei - Ambassador of Italy to Oman
A. Tropeano - FATA EPC CEO
R. Monti - President Agenzia ICE
F. Eichberg - Desk Italia Ministry of Economic Development
The Conference attracted over 180 people representing medium and small Italian enterprises who have interest to do business in Oman.
FATA was introduced as a Model Italian Company operating in Oman and the presentation of Mr. Tropeano regarding Doing Business in Oman, was well received by the attendees and well appreciated by the Omani delegation considering the positive comments made regarding the Country, People, Culture and Friendship.
Ignazio Moncada, Chairman of FATA, said to Il Sole 24 Ore: "In Oman we have worked well. Among other things, there is a law which encourages companies to hire Omani personnel. This proves their intention to train their people at best. The Sultan wants citizens to approach art and culture, and he is making a lot of investments in this sense, as demonstrated by the creation of an Opera House. Oman is a rather open minded country from a social point of view".
The Conference on Oman was seen by the attendees as very informative, interesting and hoped that further conferences may be held in the future, as Oman is a fascinating Country with large Business potential in the future.
DECEMBER 2012 - Cooperation Agreement between the Italian Government and the Chinese Ministry of Commerce. - FATA S.p.A., represented by Mr. A. Tropeano and Mr. E. Chieppa, attended the official dinner held in Rome on November 27, 2012, on the occasion of the visit of the Government Trade Delegation led by H.E. Jia Qinglin, President of C.P.P.C.C. - Chinese People´s Political Consultative Conference.
The Mission was organized by the Ministry of Commerce of the People´s Republic of China, the Italian Ministry of Economic Development, China Chamber of Commerce for Import and Export of Machinery and Electronic Products, and ITALIA, agency for foreign promotion.
Speaking at the event were:
President Jia Qinlin
Mr. Massimo Vari, Deputy Minister for the Economic Development, Italy
H.E. Chong Quan, Minister of Commerce, People´s Republic of China
President Romano Prodi.
On November 28, 2012 the Government Trade Delegation had bilateral discussions and signed a Cooperation Agreement with the Italian Government, present Prime Minister Mario Monti.
Subsequently, six Trade Cooperation Agreements were signed at Palazzo Ghigi, in the presence of Prime Minister Monti and President Jia Qinglin, including a Long Term Strategical Agreement between FATA and Genertec - China General Technology (Group) Holding Co, Ltd.
Mr. Anthony Tropeano, CEO of FATA EPC and FATA Hunter, and Ms. Li Dang, President of Genertec, signed the agreement.
Attending the signing ceremony was Mr. Alessandro Pansa, General Manager of Finmeccanica, and Mr. Ignazio Moncada, Chairman of FATA S.p.A.
Genertec and FATA have been fruitfully and successfully cooperating in China for many years and have reached a mutual and satisfactory relationship.
The Parties intend to identify new forms of synergies in order to enhance and increase such collaboration in China and in other specified markets.
Genertec and FATA will explore their possible participation in various international bids and projects in which financing and advanced technologies are both required, for FATA EPC and FATA Hunter Divisions.
The Parties will also market and promote their respective products and competences with potential clients in emerging markets.
NOVEMBER 2012 - Arabal 2012 was held in Doha Qatar on November 20-22, 2012. - Attendance at Arabal exceeded 600 participants representing 140 Companies from 45 countries.
Fata participated at the Exhibition and Conference with an Exhibit showcasing its Equipment and Services relating to the Primary, Secondary and Downstream Aluminium Industries.
Mr. A. Tropeano, CEO of FATA EPC and FATA HUNTER, was a speaker at the Conference and addressed the Development of the Downstream Industry, Challenges and Opportunities.
FATA was one of the Co-Sponsors for the Arabal 2012 Exhibition and Conference.
OCTOBER 2012 - Memorandum of Understanding for establishing FATA´s branch office in Abu Dhabi, UAE. - Abu Dhabi, UAE. FATA S.p.A. (a Finmeccanica Company) have decided to establish a presence in the United Arab Emirates by setting up a branch for FATA SpA.
Through FATA EPC, it will be pursuing various opportunities including the oil and gas sector.
On Thursday 4th October 2012 Mr. Ignazio Moncada, Chairman of FATA S.p.A., and H.E Ali Bin Ahmed Al Dhaheri, Chairman of Multi World General Trading LLC, signed a Memorandum of Understanding for establishing FATA´s branch office in Abu Dhabi.
Multi World General Trading LLC is a 100% locally owned company serving the Oil and Gas, Power, Water, Industry, Health and other sectors of the U.A.E. Economy and works in the representation of foreign companies.
FATA S.p.A is planning to carry out EPC projects relating to Oil and Gas in the UAE and the GCC Countries in addition to contributing to the Aluminium sector and other industries.
Mr. Moncada said: "This is no doubt a big step for FATA, and we look forward to employing FATA´s experience to develop the Oil and Gas sector in the GCC".
H.E Ali Bin Ahmed added: "We are delighted to sign and corporate with FATA in order to bring its wide experience to the GCC and benefit many sectors including the Oil & Gas".
Mr. Tropeano, FATA EPC CEO stated: "We look forward to a close cooperation and the opportunity to offer our EPC Services to the industry in a cost effective way and with the quality and efficiency required by the Industry".
OCTOBER 2012 - Aluminium 2012 was held at the Exhibition Center, Messe Düsseldorf on October 9-11, 2012. - FATA EPC and FATA HUNTER, Divisions of FATA SpA, a Finmeccanica Company, participated in the Aluminium 2012 Exhibition.
The Company showcased its Technologies, Products and Services for the Aluminum. Primary, Secondary and Downstream Industries.
Aluminium 2012, organized by Reed Exhibitions represents the excellence of Trade Fairs in the global Aluminum Market.
Since the 1997, the Aluminum Exhibition has dramatically grown.
This year, over 950 exhibitors and approximately 25,000 people visited the Exhibition.
A. Tropeano, CEO of FATA EPC and FATA Hunter stated that "FATA is proud of its continuous participation and support in the Reed sponsored Aluminium Exhibitions and of its technology and products contributions to the Aluminium Industry.
We are happy with the successful exhibition and with the hundreds of visitors, including all major Aluminium Industry producers who have visited our Exhibit and afforded us the opportunity to discuss technology, products and services to the industry."
JUNE 2012 - Omani delegation visited FATA headquarters - On June 20, 2012, a high level delegation led by H.E. Nasser bin Khamis Al-Jashmi, Undersecretary of the Ministry of Oil & Gas and Chairman of Oman Oil Company, Mr. Ahmed Al-Wahaibi, Chief Executive Officer of Oman Oil Company, and Mr. Nabil A. Al-Ghassani, Chief Executive Officer of Takamul Investment Company visited the FATA corporate headquarters in Turin, Italy.
The Delegation toured the facilities and FATA presented its capabilities, products and services relating to the metal, oil & gas, power and diversified industrial sectors.
Oman Oil, Takamul and FATA discussed possible ways to strengthen and diversify their business and personal relationship.
FATA´s commitment in Oman is strong, and it is strengthening and expanding its operations in both Muscat and Sohar.
APRIL 2012 - FATA´s Participation in OGWA 2012 in Oman - FATA EPC, a Division of FATA SPA, (a Finmeccanica Company), with corporate headquarters in Italy and operations in Oman, has participated in the Oil and Gas West Asia (OGWA) show at the Oman Exhibition Centre on April 16-18.
The three-day event, which was held under the patronage of Oman´s Ministry of Oil & Gas and was supported by Petroleum Development Oman, was a major event and attracted over 6000 visitors and 130 exhibitors, representing international and local companies operating in this industrial sector.
The exhibition was inaugurated by His Highness Sayyid As´ad bin Tariq bin Taimur al Said, personal representative of His Majesty Sultan Qaboos bin Said.
Mr. I. Moncada, Chairman of the Group, Mr. S. Praitano, CEO of the Group and Mr. A. Tropeano, CEO of FATA EPC, who attended the Exhibition, stated that "FATA is committed to this market on a long term basis. OGWA is a fantastic platform for us to introduce the Company and to showcase our products and services to the growing Oil and Gas Industry."
At the sideline of the conference, Mr. A. Tropeano, CEO of FATA EPC, said that "FATA EPC is aiming to further strengthen our presence across the Middle East in view of the growing opportunities in the GCC´s biggest industry and is further expanding its Omani Operations as an EPC Contractor, operating in different industrial sectors."
FATA EPC attended the Inaugural Opening of the event with the presence of HE Mr. Paolo Dionisi, Italian Ambassador in Muscat.
The Ambassador stated that "Oman and Italy enjoy and are further strengthening their excellent economic and political bilateral relationships. FATA is one of the most reputable, experienced and committed EPC Contractors from Italy and I wish them continued success in the sectors they operate and especially for the Omani Market. My continued goal is to further increase economic trade with Italy and support not only FATA but other Italian Companies in the Omani Market."
FEBRUARY 2012 - POWER-GEN MIDDLE EAST DOHA 6/8 FEBRUARY 2012 - Power-Gen Middle East was held in Doha at the new Qatar National Convention Centre on February 6 - 8, 2012.
The Exhibition and Conference was inaugurated by H.E. Dr. Mohammed bin Saleh Al-Sada, Minister of Energy & Industry, Qatar.
The Minister accompanied by officials made an inspection tour of the exhibition being held along with the Conference.
Representatives from more then 160 Companies from 23 Countries took part in the event and many leading firms have set up their Exhibits at the Qatar National Convention Centre.
NOVEMBER 2011 - ARABAL CONFERENCE - FATA participated in the 15th Arab International Aluminium Conference (ARABAL) held at the Grand Hyatt, Muscat, Sultanate of Oman on 13-16 November 2011.
The Conference was held for the first time in the Sultanate of Oman and was hosted by Sohar Aluminium.
The conference theme was "Global challenges for sustainable growth in the aluminium industry and the role of the Gulf smelters".
The Conference was inaugurated by Sheikh Saad bin Mohammed Al Saadi, Minister of Commerce and Industry.
The keynote Speaker was Jacynthe Coté, CEO of Rio Tinto Alcan and delivered the speech entitled: "Aluminium - A key to sustainable development and job creation in the Gulf region."
Companies representing Arabal are Sohar, Emal, Dubal, Alba, Qatalum Maaden and Egyptalum.
About 400 delegates participated in the Conference and about 20 Companies including FATA had small exhibits.
In the Downstream and Recycling Section held on 15 November Lloyd Stemple, CEO of Oman Aluminum Rolling Company and Anthony Tropeano, CEO of FATA EPC, presented a joint paper entitled: OARC: Latest State of the Art Technology in Aluminum Strip Casting, Rolling and Finishing. In addition a virtual reality 3D Animation of the Plant was shown.
Next year Conference will be held in Qatar.
SEPTEMBER 2011 - Official Opening of FATA Oman Branch - FATA S.p.A. (a Finmeccanica Company), located in Turin - Italy, is a leading EPC (Engineering, Procurement and Construction) Company committed on a long term basis to the Oman and GCC market, operating in various industrial sectors, including metals, power and oil & gas.
FATA Oman Branch Grand Opening Ceremony was held in Muscat on 21st September 2011, in the presence of Mr. Ignazio Moncada, Chairman of FATA, Mr. Anthony Tropeano, CEO of FATA EPC and H.E. Paolo Dionisi, Ambassador of Italy in Muscat. Attending the brief ceremony were officials of Oman Oil, Takamul, Oman Aluminium Rolling Company, and other local companies representatives.
FATA EPC (a Division of FATA S.p.A.) was awarded by Oman Aluminium Rolling Company the USD 300 million turnkey EPC contract for the aluminium rolling plant in Sohar, Oman.
The rolling plant will serve the aluminium food container and food preservation foil markets, along with material for the automotive heat exchanger and air conditioning markets and will provide 275 direct jobs at full production. The project also complies with the strategy of adding value to the existing local raw material sector and developing downstream investments in the Omani industry that will that in turn contribute to the creation of sustainable employment and the expansion of the local industrial network.
Construction is on schedule, and civil works are on-going. The first production coils are targeted for August 2013.
FATA has already placed several contracts with local Omani Companies for equipment, installation and other services.
JUNE 2011 - FATA Strengthens Middle East Presence With Establishment of FATA Gulf Co. - DOHA, Qatar, June 20, 2011 - FATA S.p.A. today announced the formation of FATA Gulf Co.
FATA S.p.A(www.fatagroup.it) a leading diversified industrial group of companies in industrial plant engineering, procurement and construction industries.
Originally established in Turin, Italy in 1936, (now FATA´s corporate headquarters), FATA has over 50 years of general contracting experience - providing process equipment, complete turnkey plants for primary, secondary and downstream facilities in the aluminium, steel and stainless steel processing industry and the Power Sector.
FATA, in cooperation with Enereco SpA., also provides complete engineering, procurement and construction services for the Oil/Gas and Waste Water Treatment industries.
In making this announcement, FATA S.p.A. Chairman Mr. Ignazio Moncada commented, "The establishment of FATA Gulf further strengthens FATA´s long track record of project excellence, proven resources and work processes to deliver a new level of high value, full project services to our existing Middle East clients and expands our service offerings to all industrial clients in the region."
FATA Gulf Co., Chief Executive Officer and Managing Director, Dr. Anthony Tropeano added, "Oil and gas, refining, and chemical project activities are increasing worldwide and especially in the Middle East. We are excited about our investment in FATA Gulf because it solidifies our network of project services in the O&G segment as well as compliments FATA EPC existing capabilities in the aluminium, steel, power and water treatment market segments - and most importantly, enhances our ability to provide services to all clients making investments in the region."
FATA has operations and offices in the U.S., Italy, India, China, Russia, Iran, Qatar, Oman and is fully owned by Finmeccanica S.p.A(www.finmeccanica.com) a world leading high technology company in the aerospace, energy, transportation and defense sectors - with 73,000 employees and over 19 billion Euro turnover.
FATA is committed to strengthen its base and commitment to the Region.
JUNE 2011 - GROUNDBREAKING CEREMONY FOR $385M SOHAR ALUMINIUM UNIT - SOHAR. The Aluminium Rolling Mill Company, owned by Takamul Investment Company, held the Groundbreaking Ceremony for its facility in Sohar Industrial Estate on Sunday June 19.
The project, which is the biggest aluminium project in the Sultanate, will be completed at an estimated cost of USD 385 million.
At the aluminium rolling mill an estimated 140,000 tonnes of multipurpose rolled aluminium sheets will be manufactured.
The construction of the project will be carried out by FATA EPC (Division of FATA S.p.A., a Finmeccanica Company) over a period of 31 months, and it is expected to provide more than 270 direct job opportunities, along with a number of investment opportunities.
All environmental and safety requirements for the project were considered during the designing phase, which included implementing the latest technology for manufacturing aluminium flat rolled products.
Takamul Investment is involved in the development of value added projects in the field of petrochemicals, metals and mining.
Takamul Investment is a 90 per cent subsidiary of Oman Oil Company, and the remaining shares are owned by Abu Dhabi Water and Electricity Authority and Al Maha Strategic Industries for Investments.
With an annual capacity of 160,000 tons, the facility will contain a Hazelett continuous caster, while FATA Hunter, Division of FATA S.p.A., will supply a hot rolling mill along with a world-class cold rolling and finishing equipment.
The plant will use molten aluminium supplied by Sohar Aluminium for manufacturing rolled coils. This will enable the company to produce aluminium sheets of very thin gauges and high surface quality with shorter product delivery time and lower energy cost.
MAY 2011 - Fata SpA and its Divisions Fata EPC and Fata Hunter, have participated in the second edition of Aluminium Dubai 2011 on May 9 - 11 held at the Dubai International Convention and Exhibition Center - With the strong support from the international aluminium industry, over 177 Exhibitors from 27 Countries participated in the event and a total of 3000 people from 50 Countries visited the Exhibition. At the Innovation Podium free seminars and technology papers were presented. Fata Hunter presented a paper entitled: OPTI-SIX : The Next Level Rolling Mill Technology.
APRIL 2011 - FATA is awarded a 300 million USD contract for the development of an aluminum rolling plant in Oman - FATA EPC, a Division of FATA SpA (a Finmeccanica Company) located in Turin, Italy was selected and awarded by Oman Aluminium Rolling Company the USD 300 million turnkey EPC (Engineering, Procurement and Construction) Contract for the aluminium rolling plant in Oman.
This strategically important project will be located in Sohar, north of Muscat.
At a cost of USD 385 million, the project will provide 275 direct jobs at full production.
The project will also generate many other jobs required to support the operation of the plant.
With an annual capacity of 160,000 tons, the facility will contain a Hazelett continuous caster, while FATA Hunter, Division of FATA S.p.A., will supply a hot rolling mill along with a world-class cold rolling and finishing equipment.
Under an Interim Agreement, FATA began the engineering works in January 2011.
FATA estimates the employment levels during construction will peak at approximately 1,200 persons.
The rolling mill will serve the aluminium food container and food preservation foil markets, along with material for the automotive heat exchanger and air conditioning markets.
The mill is uniquely positioned for the growing regional demand and sales are expected to reach international markets as well.
The mill is being supplied molten metal from Sohar Aluminium Company which is located next door.
Sales Agreements with GARMCO in Bahrain are in place to market the mill´s products until an in-house sales and marketing team is established in the coming years.
Ground- breaking will occur in July 2011 with the first production coils targeted for August 2013.
The project is designed to deliver high quality and short lead time products to its customers.
Oman Aluminium Rolling Company is currently interviewing forty persons to begin training for plant operating jobs and four full time management employees are in place with more being added to launch the business.
The project fits with the strategy of adding value to existing local raw material and developing economically attractive downstream investments in Oman industries that in turn contribute to creating sustainable employment, expand the local industrial network an well as increase and diversify revenues for the local economy.