Saudi-headquartered East Pipes Integrated Co has landed a contract worth over $480 million from Saudi Aramco to manufacture and supply steel pipes for its key projects in the kingdom.
The entire contract work will be completed within a 12-month period, East Pipes said in its filing to the Saudi bourse Tadawul.
Founded in 2010 in Dammam in the Eastern Province, East Pipes Integrated Co has now become a major manufacturer of spiral steel pipes. The company has a production capacity up to 500,000 tons of pipes annually that are used to transport water, oil, and gas, according to wide range of diameters of spiral pipes, supported by the double jointing unit, and a factory for coating all pipes of various sizes and lengths, with an annual production capacity of 4.5 million square meters.