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Garmco, Metals Industries sign MoU

Garmco, Metals Industries sign MoU
Mahmood Al Soufi and Majid Al Ghurair

Bahrain-based Gulf Aluminium Rolling Mill Company (Garmco) has signed a memorandum of understanding (MoU) for technical and operational cooperation with Dubai-based Metals Industries (MI), the holding company for the Saif Al Ghurair Group's aluminium and metals businesses.

According to the MoU, Garmco and MI will work together across a number of key areas covering operational, technical and warehousing/service centre functions in order to identify prospects for mutual benefit and the capturing of synergies.

Mahmood Al Soufi, chairman of Garmco, said: "We are delighted to enter into this important agreement with Metal Industries, which will see two of the Middle East's leading downstream aluminum producers cooperate across a number of key areas.”

Majid Al Ghurair, chairman of MI, said: "We are eager to commence the implementation of our MpU with Garmco and expect our joint efforts to result in a series of enhancements both on the operational and technical levels as well as in the capturing of important synergies across the board.”