The Dammam-based Saudi Arabian Amiantit Company has announced that it is participating on an equal share basis in two joint venture partnerships to establish glass reinforced polyester (GRP) pipe production plants in Morocco and Algeria, the Turkishweekly news website reported.
The Moroccan manufacturing unit will be built in Casablanca at a cost of USD 23 million as a joint venture under the name of "Amitech Maroc", a limited liability company in 50% - 50% partnership with Amiantit International Holding and Nareva Holding, which is a 100% subsidiary of the ONA Moroccan Group.
The new factory's first order is for 90 kilometres of GRP large diametre pipes to transfer 45 million cubic metres of water per year from the Mohamed Mokhtar Soussi and Aloulouz dams to irrigate the Guerdane area near Agadir, and 76 kilometres of GRP pipes for a distribution network covering an area of 10,000 hectares.
The order is for a BOT (build, operate and transfer) project with a total contract value of approximately USD 78 million awarded to Amensous SA, in which Inframan, a 100% subsidiary of Amiantit, has a 15% participation in the capital. Over the next five years Amiantit will be involved in further water and sewerage projects in Morocco.
The factory to be built in Algeria will be located in Mostaqanem city and is a joint venture under the name of Amitech Algeria in 50% - 50% partnership with Amiantit International Holding and the Lakehal-Ayat family. It will cost around USD 21 million which is approximately the same amount as the value of the first order for 26 kilometres of GRP pipe to transfer water between Douera and El Harrach.
The Saudi Arabian Amiantit Group is a leading industrial organisation that manufactures high quality pipe systems, supplies advanced pipe technologies, and provides water management services. The Group delivers to municipal, industrial, agricultural and energy markets worldwide supporting global infrastructure development.
© Morocco Times 2006
