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FINANCIAL NEWS
German RMA launches subsidiary in Bahrain
11 Nov 2012
(MENAFN) German industrial firm RMA launched its new subsidiary, RMA Middle East, at the Bahrain International Investment Park (BIIP), Arabian Business reported.
The 6,000 sq m facility will be dedicated to make pipeline inspection gauge (PIG) traps, tee pipe-fittings and insulating joints for the oil and gas sector, with 95 percent of output expected to be for export.
In addition to that, the subsidiary will also offer services to other local companies, it said in a statement.
The company has invested USD16.5 million in the Bahrain plant, and is expected to create more than 100 jobs in the Gulf Kingdom.
RMA said it can additionally provide services like annealing, sandblasting, painting and various testing methods in the state of the art facility.
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