12 September 2011
JEDDAH - The Saudi unit of ArcelorMittal, the world's largest steelmaker, expects to start producing in the first half of 2012 at its new mill at Jubail, Al-Watan Arabic daily reported.
The $700-million plant will produce 600,000 metric tons of pipes a year for the oil and petrochemical industry, the report said, citing Mohammed Al-Jabr, ArcelorMittal's managing director in Saudi Arabia. Al-Jabr was formerly the vice president of Saudi Basic Industries Corp.'s steel unit.
The company plans to invest up to $3 billion in Saudi steel projects over the next five years and is conducting studies to build a factory north of Jubail at Ras Al-Khair, where the government is forming a mining hub, Al-Jabr told the newspaper.
ArcelorMittal said in February 2007 that it would hold 51 percent of a joint venture with the Bin Jarallah group to construct a seamless tube plant in Jubail, that could churn out 500,000 metric tons of steel tubes and pipes a year.
JEDDAH - The Saudi unit of ArcelorMittal, the world's largest steelmaker, expects to start producing in the first half of 2012 at its new mill at Jubail, Al-Watan Arabic daily reported.
The $700-million plant will produce 600,000 metric tons of pipes a year for the oil and petrochemical industry, the report said, citing Mohammed Al-Jabr, ArcelorMittal's managing director in Saudi Arabia. Al-Jabr was formerly the vice president of Saudi Basic Industries Corp.'s steel unit.
The company plans to invest up to $3 billion in Saudi steel projects over the next five years and is conducting studies to build a factory north of Jubail at Ras Al-Khair, where the government is forming a mining hub, Al-Jabr told the newspaper.
ArcelorMittal said in February 2007 that it would hold 51 percent of a joint venture with the Bin Jarallah group to construct a seamless tube plant in Jubail, that could churn out 500,000 metric tons of steel tubes and pipes a year.
© The Saudi Gazette 2011
