TAHA International has announced it has "deepened" its partnership with Hwarim Tech in signing a Memorandum of Understanding (MOU), aligned with TAHA’s objective of promoting sustainable development within the global aluminium industry and transitioning towards a greener economy.
Under this strategic agreement, the companies seek to foster the exchange of valuable experience, knowledge, and technical know-how, facilitating the development of investment opportunities and co-operation in projects related to the enhancement of manufacturing processes, quality standards, and the exploration of innovative technologies and methodologies within the field of aluminium.
The two companies plan to offer comprehensive solutions to enterprises operating within the aluminium sector. These solutions will revolve around employing leading industry technologies to efficiently treat aluminium dross and extract aluminium metal in a manner that is both environmentally friendly and energy efficient. A key objective of the MOU is to leverage TAHA’s cutting-edge, zero-waste hot dross metal recovery technologies and Hwarim dust & gas extraction systems.
In accordance with the terms of the MOU, TAHA plans to supply the Korean company with secondary aluminium metal while Hwarim plans to supply TAHA with aluminium dross.
The signing of the MOU took place as part of the visit of a Bahraini trade delegation, led by His Excellency Minister of Industry and Commerce, Abdullah bin Adel Fakhro, to South Korea. The primary goal of this visit was to foster stronger bilateral investments between the two friendly nations, aligning with the economic recovery plan of the Kingdom of Bahrain.
The trade delegation’s visit was aimed at establishing new avenues for collaboration and elevate the level of cooperation and socio-economic exchange across diverse sectors of both countries. This initiative received valuable support from Export Bahrain, further enhancing the prospects of mutual growth and prosperity.
Mr. Ammar Awachi, CEO of TAHA’s operations in Bahrain noted: “This collaboration signifies our commitment to bolster trade cooperation between the Kingdom of Bahrain and South Korea in the aluminium sector, with a particular focus on advancing sustainable aluminium processing technologies. Leveraging our existing economic and trade relations, we intend to establish enduring partnerships and initiatives that facilitate fruitful collaboration and pave the way for future sustainable growth plans. We take great pride in this collaboration and eagerly anticipate mutual benefits. We commend Export Bahrain for their active role in creating a conducive environment for private sector institutions, enabling them to thrive, prosper, and expand their operations.”
Mr. Andrew Jwa, General Manager of Hwarim Tech, said: “We are proud to sign this MOU with TAHA. We are confident that this collaboration will facilitate the exchange of expertise in this critical industry, leading to the development of innovative solutions for secondary aluminium processing. This agreement will strengthen international cooperation between our company and the Kingdom of Bahrain, enabling us to collectively address the diverse challenges and opportunities within the aluminum sector. We are enthusiastic about working closely with our partners in Bahrain to achieve our shared objectives, and we eagerly anticipate the positive outcomes that this agreement will yield in the future.”
Mrs. Safa Abdulkhaliq, the CEO of Export Bahrain, warmly welcomed this agreement, emphasising that the growing number of Bahraini-South Korean partnerships and trade relations aligns with Export Bahrain’s dedication to broaden the Kingdom of Bahrain’s international partnership portfolio. This commitment exemplifies a resolute approach towards expanding relations between the two nations, while fostering robust cooperation and friendship between friendly countries.
Mr. Patrick Pollmann, Group CEO of TAHA added, “I congratulate our colleagues in Bahrain on this milestone achievement. It is a testament to their dedication to excellence in the field of sustainable aluminium dross processing. I would also like to recognise the Government of Bahrain and in particular the Ministry of Industry and Commerce and Export Bahrain for their valuable leadership and support.”