Kamal bin Ahmed, Bahrain’s minister of transportation and telecommunications, with top Armacell executives and German officials.

Armacell, a world leader in flexible insulation foams for the equipment insulation market and leading provider of engineered foams, has announced that it will build a new manufacturing facility in Bahrain.

The new plant, which will be located at the Bahrain International Investment Park (BIIP), will produce elastomeric rubber insulation for the $3 billion heating, ventilating, and air conditioning (HVAC) market in the GCC.

The announcement comes during an official German business delegation visit to Bahrain, led by Herbert Jakoby — deputy vice-minister of economic affairs, Ministry of Economics and Trade, North-Rhine — Westphalia, and included Karl Paetz Lauter, managing director of Armacell International Holding GmbH.

This agreement came as direct result of the efforts of the EDB’s Germany office in Berlin in attracting German investment into Bahrain.

Kamal bin Ahmed, minister of transportation and telecommunications and acting CEO of the Bahrain Economic Development Board (EDB), said: “Armacell joins a number of prominent German and other international businesses that are using Bahrain as a manufacturing hub to access the GCC region, one of the world’s great growth centers currently worth $1.6 trillion and expected to reach $2 trillion by 2020. In Bahrain, German businesses will find a sophisticated regulatory environment, excellent transport connections, low costs and competitive taxes, and a highly educated workforce.”

[wpResize]