Center Valley, Pennsylvania 04/01/2016 - Mueller Industries has agreed to build a copper tube mill in Bahrain in a joint venture with Cayan Ventures and Bahrain Mumtalakat Holding Co.
Under the agreement, Mueller Industries will invest around $5.5 million of cash and will be the technical and marketing lead in return for 40-percent ownership of the joint venture. The business will operate and brand its products under the Mueller Industries family of brands.
"This mill will produce copper tube for the air conditioning and refrigeration markets and will have the capacity to support the surrounding Middle East and North Africa region. The MENA region is one of the fastest-growing markets for air conditioning and refrigeration," Mueller Industries CEO Greg Christopher said,.
Mueller specialises in copper and copper alloy for tubes, fittings, valves, vessels and related items for plumbing and HVACR related piping systems. It is headquartered in Memphis, Tennessee and comprises a network of operations in the US, Canada, Mexico, Great Britain and China.
(Editing by Mark Shaw)