Garmco
Collaboration with SMS: GARMCO’s aluminium hot rolling production upgrade succeeds
The Manama-based leading aluminium producer, Gulf Aluminium Rolling Mill B.S.C. (GARMCO), has collaborated with the SMS group GmbH, with a goal to successfully upgrade and deliver motors and drives in the one-stand reversing hot rolling mill. Although initially designed by a third-party supplier, this new step brings both companies closer to achieving the milestone of utilising the operational efficiency and reliability of the mill to meet the demands of the aluminium industry in future. Image for representational purpose only (source: https://live.cdn.cms.sms-group.com/) Explore- Most accurate data to drive business decisions with 50+ reports across the value chain The project set the goal of replacing the three-phase AC motors and state-of-the-art drive technology, which contained...
“Our strategy is to expand the production output for the next five years to reach 180k MT per annum…” Mohamed Rafea, CEO, GARMCO
Mohamed Rafea, the Chief Executive Officer at GARMCO since April 2020, brings over 27 years of aluminium industry experience, previously leading Riyadh Cables and Midal Cables. He holds an MSc from Coventry University and a BSc in Electrical Engineering from Texas A&M. In an exclusive for Al Circle's e-Magazine " The Modern World of ALuminium Flat Rolled Product s", he shares GARMCO's strategy for the next 5 years, including expansion of production output alongside diversified innovation. AL Circle: How will the demand for aluminium FRP grow in 2024 and beyond? Which manufacturing sectors will be the key demand drivers for aluminium FRP? Mohamed Rafea: According to market reports and studies, the global aluminium market is forecasted to reach a CAGR of 5% to 7% in the next five years....
Grow with
AL Circle
Price
→Events
ALUMINIUM 2026
15th International Bauxite, Alumina & Aluminium Conference & Exhibition - IBAAS–VFMSTA 2026
ICSOBA 2026 - 44th International Conference and Exhibition
ALUMINIUM 2026
15th International Bauxite, Alumina & Aluminium Conference & Exhibition - IBAAS–VFMSTA 2026
ICSOBA 2026 - 44th International Conference and Exhibition
Business Cards
A report that reveals where the aluminium casting industry is heading and how businesses can act.
LEARN MORE
A report that reveals where the aluminium casting industry is heading and how businesses can act.
LEARN MOREEurope holds 10% of global aluminium extrusion demand, supported by Germany’s Constellium, France’s Hydro Extrusions & Italy’s Metra
H1 2026 sees more renewable energy than ever: Here’s a region-by-region guide to renewable energy supply in the recent past
H1’26 LME aluminium stocks dip 31.82%: Russian sanctions & Gulf crisis pack a double blow
AL Circle Analysis: Import rise meets demand growth on aluminium extrusion chessboard
News
“The future of the global aluminium FRP is promising with many opportunities, and the building and construction sector is also experiencing an upward growth rate,” Mohamed Rafea, CEO, GARMCO
Mohamed Rafea joined GARMCO in April 2020 and has over 27 years of experience in the aluminium industry. Prior to joining GARMCO, Mohamed served as Chief Executive Officer at Riyadh Cable Group of Companies, Riyadh—Kingdom of Saudi Arabia. He also worked with Midal Cables Group, headquartered in Bahrain, as Chief Executive Officer, in addition to various roles within the Production and maintenance, Purchasing, Quality, and Product Development areas. Mohamed Rafea holds an M.Sc in Engineering Business Management (MSC) from Coventry University, UK, and a B.Sc in Electrical Engineering from Texas A&M University, Kingsville, USA. AL Circle: Can you briefly overview GARMCO's history and evolution since its establishment in 1981? What are some of the key milestones that GARMCO has achieved over...
GARMCO receives expert advice from Baker McKenzie on its debt restructuring scenario
Baker McKenzie, a top-tier global law firm, has provided legal guidance to Gulf Aluminium Rolling Mill (GARMCO), a major downstream aluminium firm in the Middle East headquartered in Bahrain, regarding its debt restructuring to creditors, following the reorganisation plan approved by the courts of the Kingdom of Bahrain. The group of creditors comprised Ahli United Bank, National Bank of Bahrain, Mashreq Bank, Arab Bank, Standard Chartered Bank and Aluminium Bahrain. The reorganisation plan, approved by the courts, covers an outstanding debt of USD 268 million, which will be addressed through a combination of debt-equity swap, interest-free debt, interest-bearing debt, and subordinated debt. Legal support from Baker McKenzie was provided for the interest-free debt and the interest-bearing...
GARMCO invests US$24.5 million for expansion projects and new aluminium coil line
Gulf Aluminium Rolling Mill (GARMCO), a counterpart of Bahrain Mumtalakat Holding Company, has invested US$24.5 million to expand its development project for a technologically advanced production line for aluminium coils. GARMCO kept the project’s course aligned with the decisions taken by its creditors in November 2021. GARMCO also charted out a refurbishment plan alongside the unit expansion in agreement with the concerned parties since it had filed for reorganisation in February 2019. From the US$24.5 million, almost US$7.5 million will be allotted for materialising the new aluminium coil production line, applying the “continuous casting” methodology to augment productivity. In the long run, this will help the company expand its network and bring in diversification. The development...
GARMCO announces its first creditor repayment
In accordance with the restructuring plan signed in November 2021 following the company's reorganisation in February 2019, Gulf Aluminium Rolling Mill "GARMCO", a portfolio company of Bahrain Mumtalakat Holding Company, announced its first repayment to creditors of USD 23 million. GARMCO reported that it settled its first payments after the business experienced its most profitable year since it started its journey. The reorganisation plan allowed GARMCO to convert the remaining 28 per cent of its debt into company shares while repaying 72 per cent of its total value over an 11-year period. Arif Rahimi, the Chairman of GARMCO and board representative of Mumtalakat, said, "The plan has enabled us to continue operating and maintain our leading role in the Aluminium downstream industry...
UAE, Egypt, Jordan and Bahrain ink multi-billion-dollar industrial agreements, including aluminium value chain
According to our report from the MENA region, over $2 billion in industrial agreements were signed in Amman, the capital and the largest city of Jordan, at the third Higher Committee meeting of the Industrial Partnership for Sustainable Economic Development, a regional initiative involving the UAE, Egypt, Jordan, and Bahrain. The UAE Ministry of Industry and Advanced Technologies, firms from the UAE, Egypt, Jordan, and Bahrain signed 12 agreements covering 9 industrial projects, including some vital industrial projects from the aluminium value chain. The aluminium sector-centric agreements reveal that the $550 million manufacturing project was announced as being launched by the UAE-based automaker M Glory Holding. Three electric vehicle (EV) facilities will be built as part of the...
Bahrain to reorganize the board of sovereign wealth fund Mumtalakat Holding
According to our report from the Gulf region, the Crown Prince and Prime Minister of Bahrain Salman bin Hamad Al-Khalifa, has issued an order to restructure the board of sovereign wealth fund Mumtalakat Holding with Finance Minister Salman bin Khalifa Al-Khalifa as its chairman. Mumtalakat reported its standalone annual results in June 2022, which revealed a rise in profit for 2021 from a loss in 2020. Further, Mumtalakat has slightly more than $18 billion in assets under management. The investment holding company’s strategic investments division holds a portfolio of Bahrain-based strategic investments in companies like Gulf Aluminium Rolling Mill Company (GARMCO). Today, with an annual production capacity of over 165,000 tonnes, it ranks as one of the region's largest manufacturers of...
Interviews
→
Mohamed Rafea
“Our strategy is to expand the production output for the next five years to reach 180k MT per annum…” Mohamed Rafea, CEO, GARMCO
“The future of the global aluminium FRP is promising with many opportunities, and the building and construction sector is also experiencing an upward growth rate,” Mohamed Rafea, CEO, GARMCO
Marco Ricci
The combination of lightweighting, manufacturability and cost-effectiveness makes the stamped rolled-aluminum approach attractive
Blog
LATEST POSTS
Turn marketplace visibility into more relevant buyer enquiries.
View Priority Plans
Turn marketplace visibility into more relevant buyer enquiries.
View Priority Plans