Established in June 2008 in the Kingdom of Bahrain, Gulf United Steel Holding Company B.S.C (c) (“Foulath”) is an investment vehicle and holding company primarily focused on investing in the growth of the steel industry in the Gulf Cooperation Council (GCC) countries and broader Middle East and North Africa (MENA) region.
With investments at current market value in excess of $3.5 billion, Foulath has established companies across the entire steel value chain from “Mine to Metal” and has developed the world’s only fully integrated single site steel complex, which is located in Bahrain. In doing so, Foulath is a market leader and is quickly moving towards becoming one of the most competitive steel producers globally.
The Company’s activities are contributing to the development of the region’s steel industry through the transfer of expertise and know-how gained from its subsidiaries and partnerships with leading international steel companies and other technical partners.
Foulath’s investments further serve to enhance the stability and security of steel supplies both to regional markets, where steel remains a critical component of all construction and infrastructure development, as well as to the global customers it serves.
Through its investments in the regional markets and unique projects that add value, Foulath is also helping to strengthen the industrial base of the Middle East economies and support efforts to achieve greater economic diversification. |
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Gulf Industrial Investment Company (GIIC): Established in 1984, GIIC, wholly owned by Foulath, is a leading producer of iron-ore pellets used in the production of steel. It operates two pelletizing plants in the Kingdom of Bahrain with a total capacity of 11.0 million tons per year. It is one of the three major merchant pelletizing producers in the world and the only one located in the Middle East.
United Stainless Steel Company (USCO): Wholly owned by Foulath, USCO is the Middle East’s first stainless steel re-roller. It is located in the Kingdom of Bahrain and has a production capacity of 100,000 tons per year of cold rolled stainless steel. USCO commenced commercial operations in the fourth quarter of 2008. The Company’s high quality stainless steel products are sold to customers throughout the world.
United Steel Company (SULB):