VOL. XXXI
NO. 27
11-APRIL-1988
KUWAIT-BAHRAIN
KPC's Subsidiary Purchases AISCO's Fixed Assets
A new subsidiary company of the Kuwait Petroleum Corporation (KPC), set upwith headquarters in Bahrain and called the Gulf Industrial Investment Company(GIIC), has purchased the fixed assets of the Bahrain-based joint-venturefirm, the Arab Iron and Steel Company (AISCO). AISCO owns a $300mn ironpelletizing plant that has been shut down since May 1985 (MEES, 13 May 1985)owing to the marketing difficulties...
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