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Sunday, November 29 - 2009

Amiantit wins SAR 80 million contracts for water projects in Abu Dhabi and Al Ain

In the face of tough competition from two other world-class factories, Saudi Arabian Amiantit Company has won contracts with a total value of SAR 80 million for water projects in Abu Dhabi and Al Ain.

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Over a four month period Amiantit will supply the projects with ductile iron pipes with diameters ranging from 80 millimeters to 700 millimeters. The pipes will be manufactured by SADIP, an Amiantit Group company, at its Dammam factory which is biggest of its kind in the Middle East and produces more than 150,000 tons of ductile iron every year. Approximately 40% of its production is exported to the GCC, Turkey and other countries.

The award of the Abu Dhabi and Al Ain contracts is an indication of the high international regard for Amiantit's quality products, which include fiberglass pipes, concrete pipes, polyethylene pipes, insulators and rubber products. Amiantit's position as the pipe manufacturing industry leader is the result of 40 years of experience and the world-class technologies that Amiantit owns and markets worldwide. In spite of recent difficulties, such as the rising cost of iron ore and other raw materials, and the emergence of new competitors in the market, the Company continues to win contracts on the scale of the Abu Dhabi and Al Ain water projects, thanks to customer confidence in the quality and reliability of its products and the technical support that Amiantit provides.
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Notes and media contacts

The Saudi Arabian Amiantit Company was established in 1968 at Dammam and is a joint stock company with a paid-up share capital of SAR 770,000,000. 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 & insulation 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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