TRU Group Inc, Toronto and Bahrain July 12, 2008 announces Edward R Anderson, President, has signed an agreement with CAPIVEST Bahrain to manage the development of a major magnesium metal smelting industry in the Middle East.
CAPIVEST, an investment bank based in Bahrain, plans to establish a $1-billion company that will build the first-of-its kind magnesium smelter, meeting environmental standards observed internationally, in the Middle East and North Africa (MENA) region. CAPIVEST has signed an agreement representing a strategic alliance with TRU Group Inc, (an international technical advisory team with extensive experience in engineering, planning and managing technology-intensive industrial projects) to oversee the technical and engineering arm of the company. The project also entails future plans to build multiple environmentally friendly magnesium smelters in different locations, which will provide another steady income stream for the MENA region.
CEO of CAPIVEST Nabil Hadi said: “Our approach is to always look for novel investment opportunities having the potential to contribute to the development of regional economies without harming the environment, which also offer our investors high returns on their equity. The magnesium industry is still somewhat an un-chartered territory in the region, so we feel there is a huge potential for this company CAPIVEST will establish.”
He added that “collaborating with TRU Group was important for this project, because we wanted to have a highly-specialized and dependable team of advisors with international experience committed to working with us through the long haul.”
Edward Anderson said “TRU is pleased to be working in partnership with CAPIVEST on such an important development. The initiative means that CAPIVEST would become a major player in magnesium metal and alloy, as well as downstream magnesium manufactured products. This will provide a new reliable supply of magnesium to a sector that has in the last decade become dominated by Chinese producers. The Gulf is an excellent strategic location for magnesium smelting.”
Based in the Kingdom of Bahrain, Capivest is a dynamic investment bank that continues to build a well-diversified portfolio in terms of its geographic and industry sectors. The bank has successfully structured investments in private equity and real estate, embracing developed and emerging markets in Europe, the Middle East and Asia, and in sectors ranging from technology and healthcare to building materials and retailing. Capivest has launched a series of investment funds in collaboration with leading regional and international institutions. The Bank’s business proficiency and institutional capabilities have been notably recognized by prestigious global awards, including ‘Deal of the Year Award 2005’ from The Banker, and ‘International Gold Star for Quality 2006’ from Business Initiative Directions.
Please contact TRU for more details -
Edward R. Anderson
B.Sc.(Hons)., Dpl.(Marketing Research)., MBA., FCIArb
President& CEO
TRU Group Inc - Activating Your StrategicMindset
Website http://trugroup.com/
anderson@trugroup.com
Tucson 520-575-0674
Toronto 416-935-1754
Cell 1-520-229-7836
