Apr 01 2006 |
more articles from
|
Saudi Arabia: Amiantit sets up factories in Morocco and Algeria
DAMMAM: In line with growing worldwide demand for Amiantit glass reinforced polyester (GRP) pipes for water and sewage systems, Dammam-based Saudi Arabian Amiantit Company has announced that it is participating on an equal share basis in two joint venture partnerships to establish GRP pipe production plants in Morocco and Algeria.The Moroccan manufacturing facility will be built in Casablanca at a cost of SR86,250,000 ($23 million) as a joint venture under the name of Amitech Maroc, a limited liability company in 50% - 50 percent partnership between Amiantit International Holding and Nareva Holding which is a 100 percent subsidiary of the ONA Moroccan Group .
The new factory s first order is for 90 km of GRP (glass reinforced polyester) large diameter pipes to transfer 45 million cubic meters of water per year from the Mohamed Mokhtar Soussi and Aloulouz dams to irrigate the Guerdane area near to Agadir, and 76 km of GRP pipes for a distribution network covering an area of 10,000 hectares.
Populations are increasing everywhere, resulting in ongoing expansion of public service infrastructures, and these two new manufacturing facilities are yet another step forward in our policy of strategic global expansion by meeting worldwide demand for Amiantit products through fulfilling local orders with local manufacture, said Fareed Al-Khalawi, Amiantit President & CEO. At the same time, there is an increasing demand for pipe systems needed by the booming gas, oil and petrochemical industries and Amiantit is producing pipes in materials that have been specifically developed for the requirements of this sector.
This division of Amiantit has the expertise, technology and engineering skills to provide complete systems solutions on a global scale and is currently operating projects in Eastern Europe, Russia, Turkey, Greece, Africa, India, Indonesia and Thailand.
Amiantit was established in 1968 at Dammam as a limited liability company and was converted into a joint stock company in 1994.
It started with a paid-up share capital of SR4 million, which is currently standing at SAR 1.155 billion. Its shares are traded on the Saudi Stock Exchange
© The Saudi Gazette 2006
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment