Foulath in talks with Kobe for EPC deals on three new plants

Khalid al-Qadeeri, vice-chairman and managing director of Foulath, a Bahrain-based metals specialist, is in talks with Kobe Steel over directly awarding the Japanese contractor engineering, procurement and construction contracts for three iron pelletizing plants, Meed has reported. Two of the prospective plants are in Egypt with the third located at Salalah, Oman, he said. The three plants will have a similar capacity to the company's Bahrain facility, which started production on January 15.