CIMC unveils state-of-the-art manufacturing facility in Bahrain

CIMC unveils state-of-the-art manufacturing facility in Bahrain

Chinese logistics group to set up unit

CIMC Vehicle Group plans to launch a new reefer trailer manufacturing and export hub in Bahrain

01 October 2016

CIMC Vehicle Group, the core member enterprise of China International Marine Containers Group Ltd (CIMC) – a world leading supplier of logistics and energy equipment – has announced plans to invest and launch its first manufacturing facility in Bahrain.

The new facility will serve as a major reefer trailer manufacturing and export hub in the Middle East and will offer 20 new job opportunities locally in the first phase.

Reefer trailers, are vehicles which are used in the transportation industry, to transport temperature sensitive goods. 

Teresa Tan, CFO of CIMC Vehicle Group, commented: “Bahrain was an easy choice for CIMC to launch its new manufacturing facility. The Kingdom has excellent infrastructure, cost competitiveness, a strong connectivity to Saudi Arabia as well as the GCC and the Middle East region. 

“These are essentials for our operations. We believe Bahrain’s highly skilled workforce and open business environment provide us the perfect platform for our next growth phase.”

CIMC is dedicated to supplying high-quality and reliable equipment and services, including containers, vehicles, energy, chemical and food equipment, offshore equipment, logistics service, and airport facilities, the company said in a statement. 

As a diversified multinational operation group worth almost $8 billion, CIMC has over 300 member enterprises, 60,000 staff, and an extensive sales network that covers more than 100 countries and regions. 

The multinational company was supported by the Bahrain Economic Development Board (EDB), which attracts international companies to the kingdom, and fully supports their establishment. The EDB identified and targeted CIMC as part of its efforts during the China Road Show, undertaken by the EDB in 2014. 

The EDB assisted CIMC in investigating Bahrain’s investment climate where they fully supported CIMC throughout their registration and setting-up process, as well as their other business requirements in order to ensure the company’s successful inception. Besides being the biggest container-manufacturing company globally since 1996, CIMC started the trailer business in 2002, and now is also the world’s biggest trailer manufacturer.

Khalid Al Rumaihi, chief executive of the Bahrain Economic Development Board (EDB), said: “We believe CIMC’s investment is a reflection of Bahrain’s excellent regional transport connections, mature regulatory system, and the strength of its highly-skilled local workforce.

As part of the EDB’s ongoing logistics initiative, Bahrain offers global manufacturing companies like CIMC a number of competitive advantages that will serve to benefit their operations in the region. The Kingdom has the shortest travel time between seaport, airport, and logistics processing zones, and is connected to the GCC’s biggest economy.”

Al Rumaihi also pointed to Bahrain’s ranking as the 29th best positioned country in terms of the quality of our transport infrastructure, according to the World Economic Forum.

Al Rumaihi added: “The EDB is proud to have played a part in securing CIMC’s investment and in creating more quality job opportunities for Bahrainis. We look forward to CIMC expanding their business operations even further in the Kingdom.”

Bahrain’s manufacturing sector currently accounts for over 14.6 per cent of its real GDP, having grown by 20 per cent over the past five years; and is the second largest contributor to Bahrain’s economy in the non-oil sector. 

Manufacturers based in Bahrain also benefit from its membership of the Great Arab Free Trade Agreement (GAFTA) and free trade agreements with the US, Singapore, and Northern Europe. 

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