Qatari firm Qamko to market Qatloom with Hydro
Qatar Aluminum Manufacturing Company (QAMCO) announced that it has finalized the marketing arrangements and product delivery with Norway's Hydro Aluminum ASA, the marketing agent for Qatlam's project, in accordance with the joint venture agreement. Qatlam will temporarily assume responsibility for marketing and selling its aluminum products following this termination, while cooperation continues to ensure an organized transition and protect shareholders' interests. No significant negative impact on the company's financial or operational performance is expected. Qatlam's production capacity is estimated at 648,000 tons annually, currently operating at 60% of its capacity due to regional circumstances.
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