Dammam, 11 April 2006: Continuing its recent run of major contract awards, the Saudi Arabian Amiantit Company has announced another eleven orders totalling SAR 95.2 million to supply pipes and accessories for projects in Saudi Arabia and Abu Dhabi.

"While the Amiantit Group is a global industrial organization with factories and customers all around the world, supplying pipe systems for Saudi Arabia's petrochemical, industrial and water & sewage requirements continues to be at the core of our manufacturing activities," said Eng. Fareed Al-Khalawi, Amiantit President & CEO. "And it is matter of great satisfaction to be able to say that the pipes needed for the Kingdom's infrastructure networks are being manufactured here at home to the highest international standards. In fact, today, it is the Saudi Arabian Amiantit Company that is developing the production technologies and setting the standards for the rest of the world."

The orders in the Kingdom amount to SAR 76.5 million and are for GRP (glass reinforced polyester) and GRE (glass reinforced epoxy) pipes which will be produced at two Amiantit Group manufacturing facilities in Dammam: Amiantit Fiberglass Industries Limited (AFIL) and Bondstrand Limited. The pipes are for gravity water and sewer systems at Saudi Aramco, Khurais, and for potable water, fire water, cooling water and oily water pipe systems for various projects in Rabigh, Jubail and Yanbu.

Another Amiantit Group factory in Dammam, Saudi Arabian Ductile Pipe Systems Company Limited (SADIP), will be manufacturing ductile iron pipes and fittings to fulfil orders worth SAR 18.7 million for potable water networks in Abu Dhabi. The pipes will be supplied to the Shuweihat Water Transmission Scheme, Jabal Dhara to Sir Banyas Island (On-Shore) project, and the Water Network for Construction of Internal Roads in Mohammed Bin Zayed City project.

The Saudi Arabian Amiantit Company was established in Dammam in 1968 and today the Amiantit Group is one of the world's biggest manufacturers of pipes with 34 manufacturing facilities, wholly-owned or majority-owned joint ventures, in 18 countries, and sales offices or representatives in more than 45 countries. It is also the pipe manufacturing industry's leader in research, development and ownership of advanced manufacturing technologies.

-Ends-   

Note to Editor:
The Saudi Arabian Amiantit Company 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 SAR 4 million, which is currently standing at SAR 1.155 billion. Its shares are traded on the Saudi Stock Exchange. The prime activity of the company is to initiate and manage new industrial projects, and market its technologies and products. The company also monitors and controls the business of all the Amiantit Group subsidiaries through its corporate management office in Dammam, Saudi Arabia. 

The Amiantit Group is a leading industrial organization with global strength and is comprised of companies in the Kingdom and abroad that manufacture various kinds of pipes, joints, fittings, tanks, rubber products and related accessories. Other activities include own and transfer technology, and water project consultancy and management all around the world.  

For further information please contact:
Assim L. Alhakeem                                        
Saudi Arabian Amiantit Company               
Tel: 02 - 651 5676   Ext:  #666          
Fax: 02 - 651 6149                               
e-mail    info@amiantit.com

© Press Release 2006