{"id":1455,"date":"2024-03-10T12:42:10","date_gmt":"2024-03-10T12:42:10","guid":{"rendered":"https:\/\/madeingcc.org\/?p=1455"},"modified":"2024-03-10T12:42:10","modified_gmt":"2024-03-10T12:42:10","slug":"swiss-titanium-company-interlink-gets-bahrain-golden-licence","status":"publish","type":"post","link":"https:\/\/madeingcc.org\/?p=1455","title":{"rendered":"Swiss titanium company Interlink gets Bahrain Golden Licence"},"content":{"rendered":"<div><\/div>\n<div><\/div>\n<div><\/div>\n<div>Interlink Metals and Chemicals, a leading supplier of titanium products based in Switzerland, has secured the Golden Licence from Bahrain Economic Development Board (Bahrain EDB) for setting up its production facility in the kingdom.<\/div>\n<div><\/div>\n<div>Established in 1992, Interlink Metals &amp; Chemicals has developed into one of the world\u2019s largest distributors, traders and users of various titanium products.<\/div>\n<div><\/div>\n<div>A first-of-its kind facility in the region from Interlink Metals and Chemicals, the Bahrain Titanium (BTI), will operate an electron-beam (EB) and a vacuum-arc (VAR) furnace, for the production of commercially pure titanium and titanium alloys, with a capacity of 4,000 tonne\/per year of titanium ingot and slab.<\/div>\n<div><\/div>\n<div>Interlink&#8217;s new subsidiary BTI will also build a ferro-titanium (FeTi) facility to utilise scrap that does not meet specifications for ingot production. The EB, VAR and FeTi facility will be fully operational by mid-2025.<\/div>\n<div><\/div>\n<div>The Golden Licence was awarded to Igor Raykhelson, Chairman of Interlink Metals &amp; Chemicals, at a special ceremony held in Manama where three other investors &#8211;\u00a0 Ali Fardan, the General Manager of National Bank of Kuwait in Bahrain; Shaikh Abdulla bin Khalifa Al Khalifa, the Chairman of Beyon and Khalid Najibi, the Chairman of Bahrain Marina Development &#8211; were granted their licences.<\/div>\n<div><\/div>\n<div>Swiss titanium giant said in the long run it was looking to expand into tubed, forged and rolled products, as well as specialised products for critical applications.<\/div>\n<div><\/div>\n<div>The new BTI plant will supply both Middle East and western markets, said a company spokesman.<\/div>\n<div><\/div>\n<div>&#8220;We have already received a letter of intent from the AMIC-Toho Titanium joint venture sponge plant in neighbouring Saudi Arabia for supply of titanium sponge as feedstock,&#8221; he stated.<\/div>\n<div><\/div>\n<div>In Europe and the US, titanium manufacturers in industrial and aerospace industries are facing a supply shortfall after Russia pulled back from western markets.<\/div>\n<div><\/div>\n<div>Bahrain&#8217;s free trade agreement with the US means US imports from Bahrain will not be subject to the 15% duty that otherwise applies to normal trade relation countries, he added.<\/div>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n<div><strong>Trade Arabia\u00a0<\/strong><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Interlink Metals and Chemicals, a leading supplier of titanium products based in Switzerland, has secured the Golden Licence from Bahrain Economic Development Board (Bahrain EDB) for setting up its production [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1466,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,115],"tags":[],"class_list":["post-1455","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - 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