The new site will produce water heaters for the Middle East and North Africa markets

Manama – Under the patronage H.E the Minister of Industry, Commerce and Tourism, Ariston Thermo today inaugurates a new production plant at the Bahrain International Investment Park. The ceremony attended by H.E. Domenico Bellato, Ambassador of Italy to the Kingdom of Bahrain and Dr. Carlo Andreatini, Ariston Thermo Rapid Development Countries and Americas Director.

H.E. Zayed R. Alzayani, Minister of Industry, Commerce and Tourism said: “We are very pleased to welcome Ariston Thermo to Bahrain. The selection of BIIP for Ariston’s first manufacturing facility in the region demonstrates the quality of the location and the competitive advantages which Bahrain has to offer to global companies.” Alzayani stated that “This project was an important one for Bahrain as it met several key objectives, enabling the growth and diversification of Bahrain’s economy, as well as creating quality skilled jobs for Bahrainis in the fields of engineering and business. The Ministry and Ariston are partners for the long-haul and the Ministry will do everything in its capacity to provide the right support to facilitate the company's success.”

Commenting on the inauguration, H.E. Khalid Al Rumaihi, Chief Executive of the Bahrain Economic Development Board, said: “Ariston Thermo’s new plant is a truly welcome addition to the Bahrain International Investment Park. The plant’s opening is a clear indication of the vast potential and advantages that the manufacturing industry in Bahrain provides, and further reinforces the Kingdom’s position as the ideal hub to meet growing regional demand.

“When we were in Italy last year I was struck by how much interest there was from businesses there in the GCC opportunity, so I am delighted to be able to welcome Ariston Thermo to the region.”

The new plant, located in a total area of 7,000 square meters and employing 50 people, will manufacture storage electric water heaters branded Ariston that will be mainly marketed in the Middle East and North Africa. The new plant provides a maximum annual production capacity of up to 250,000 electric water heaters.

The new production site in Bahrain will be in line with the sustainable model of the Group, at the forefront of innovation and in respect of the environment.

“I would like to warmly thank all the Kingdom of Bahrain authorities for the welcome and the support received” - commented Carlo Andreatini, Ariston Thermo Rapid Development Countries and Americas Director - “With this new production site in Bahrain we aim to strengthen our presence in this area, where Ariston brand is already leading the water heating category for many years. Keeping production close to the most important markets is indeed a key pillar of our Group’s growth strategy that allows us to better and promptly respond to the specific needs of our customers.”

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About Ariston Thermo

Ariston Thermo is a global leading company in the water heating and heating industry. In 2017, the Group recorded a turnover of € 1.57 billion and sold 7 million products in over 150 countries; with 7.000 employees, 65 operating companies and 5 representative offices in 38 countries and 26 production sites in 15 countries. The Group offers a full range of products, systems and services, mostly under the brands Ariston, Elco, Chaffoteaux, Atag, Racold, NTI and HTP. Ariston Thermo shows its commitment to energy efficiency through the development of solutions based on renewable energy sources, such as solar thermal systems and heat pumps, the improvement of the efficiency of products such as boilers and water heaters and the continuous investment in innovation for the development of increasingly advanced connectivity systems. The goal of Ariston Thermo is to look at the future of thermic comfort, offering an optimal combination of quality, energy savings and care for the environment.

© Press Release 2018