16 January 2007
Doha - The Board of Directors of Qatar Steel Company QSC (Qatar Steel) has approved the acquisition of 25 per cent stake in Gulf Industrial Investment Company (GIIC) in Bahrain. GIIC produces and supplies direct reduction billets grade iron oxide pellets to major direct reduction iron plants mostly located within the Gulf region.
GIIC owns and operates a pelletisation plant with a current production capacity of 4.6 MTPA of DRI pellets and is in the process of expanding its production capacity to 11 MTPA within the next few years. It is one of Qasco's main suppliers of raw materials of oxide pellets.
Doha - The Board of Directors of Qatar Steel Company QSC (Qatar Steel) has approved the acquisition of 25 per cent stake in Gulf Industrial Investment Company (GIIC) in Bahrain. GIIC produces and supplies direct reduction billets grade iron oxide pellets to major direct reduction iron plants mostly located within the Gulf region.
GIIC owns and operates a pelletisation plant with a current production capacity of 4.6 MTPA of DRI pellets and is in the process of expanding its production capacity to 11 MTPA within the next few years. It is one of Qasco's main suppliers of raw materials of oxide pellets.
© The Peninsula 2007
