Tanmiah Company
Tanmiah Company, a Jordanian offshore holding company, owns Al Anma’a, an Iraqi registered company that is building a steel factory in Iraq to produce steel billets and rebar that are used in the construction industry. AIG acquired a 51% stake in Tanmiah in consideration of its future potential and is confident that this acquisition will contribute advantageously to the Group’s industrial diversification and profitability.
Al Anma’a Steel is currently constructing a modern steel smelting plant equipped with the latest production technology in the south of Iraq. The plant will have a melt shop capacity of 432,000 tons which can be increased. The rolling mill will have a capacity of 300,000 tons per year for the production of construction steel rebar from 8 mm to 42 mm diameter according to ASTM A615 Grade 60. The excess steel billet of 112,000 tons per year can be sold to local rolling mills or exported to the Gulf or Iran.