Foulath Holding, the parent firm of Bahrain Steel and SULB, has announced it will resume operations tomorrow (March 30) following a brief precautionary suspension.
The group, which declared 'Force Majeure' yesterday in response to regional military escalations and the closure of the Strait of Hormuz, confirmed the move following comprehensive internal risk assessments and the implementation of enhanced security measures.
The move to restart operations was coordinated closely with relevant authorities to ensure the safety of employees, suppliers, and critical assets.
"The temporary suspension was a precautionary and responsible measure, undertaken in line with official guidance," the company said in a statement.
Foulath also moved to dismiss "inaccurate information" circulating regarding its facilities, clarifying that its operations and workforce remain safe, secure, and fully protected.
The holding company added that it continues to monitor regional developments closely to ensure operational continuity and meet its obligations to global customers.
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