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Monday, November 30 - 2009

Amiantit wins US $7 Million contracts in Turkmenistan

  • United Arab Emirates: Saturday, November 18 - 2006 at 14:14
  • PRESS RELEASE

Amiantit Group companies have received two contract awards in Turkmenistan totaling more than US $ 7 million.

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  • Sewage Pump Station Building No. 6, part of the Turkmenabat project for which Amiantit Group companies have supplied 31,450 kilometers of GRP pipes and 11 submersible pumps
    Sewage Pump Station Building No. 6, part of the Turkmenabat project for which Amiantit Group companies have supplied 31,450 kilometers of GRP pipes and 11 submersible pumps
Issued by the state concern Turkmen Oil and Gas Construction, both orders are the result of successful tender bids and are for different parts of the same project, which is the construction of a new sewage network in the East Turkmenistan city of Turkmenabat.

The biggest of the contract awards is worth US $ 6 million and was signed by the Amiantit Caspian Branch on behalf of Amiantit Fiberglass Industries (AFIL). The order is for 31 kilometers of glass reinforced polyester (GRP) pipes and fittings which will be supplied by two Amiantit joint venture companies: SUBOR in Turkey and the Goa-based Amiantit Fiberglass Industries India Pvt. Ltd. (AFIIL).

Amiantit Caspian Branch has been operating in Turkmenistan for more than five years, during which time it has supplied more than 600 kilometres of GRP pipes together with fittings and has become established as the country's leading provider of GRP products.

The second contract award, worth US $ 1,163,767.10, is for the supply and installation of 11 'FLYGT' submersible pumps, including the control system, for three sewage pump stations. As part of the contract, PWT will provide a training programme. The order for this part of the Turkmenabat project went to another member of the Amiantit Group, PWT Wasser- und Abwassertechnik GmbH, a German company which specializes in water treatment technologies and turnkey projects.

Commenting on the functionality and excellent performance of the pump system, the chief engineer of the project stated that there was a strong likelihood that the same PWT system would be installed in similar projects that are scheduled for implementation in other regions of the country in the near future.

The Amiantit Group, headed by its Dammam-based parent the Saudi Arabian Amiantit Company Limited, is one of the world's biggest manufacturers of pipes and accessories which are produced at 34 manufacturing facilities around the globe and marketed by a trading organization consisting of sales offices or representatives in more than 45 countries.

In addition to manufacturing pipe systems for a wide variety of applications, Amiantit undertakes turnkey projects for entire water infrastructure installations such as pipeline networks, aqueducts and pumping stations, and is currently operating projects in Eastern Europe, Russia, Turkey, Greece, Africa, India, Indonesia and Thailand.
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Notes and media contacts

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

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