Middle East Economic Survey


No 22



Carbon Industries Company Incorporated, EPC On Anode Plant Begins

Kuwait-based Gulf Carbon Industries Company (GCIC) announced on 25 May that it had signed agreements to incorporate the firm as a closed Kuwaiti shareholding company with a fully paid up capital of KD50mn ($172mn). The new firm is to set up a plant with capacity to produce 360,000 tons/year of carbon anodes in the first phase, and double this quantity in the second. The...