East Pipes wins $266m SWCC contract for steel pipe supply
RIYADH, January 21, 2024
Saudi-based East Pipes Integrated Company for Industry has announced that it has secured a contract worth over SAR1 billion ($266.4 million) from Saline Water Conversion Corporation (SWCC) for the manufacture and supply of steel pipes for key projects in the kingdom.
Founded in 2010 in Dammam in the kingdom's Eastern Province, East Pipes Integrated Company has now become a major manufacturer of spiral steel pipes.
It presently offers helical submerged arc welded (HSAW) pipes, used in transport, water, oil and gas and other sectors, to customers worldwide.
The entire contract work will be completed within a 30-month period, stated East Pipes in its filing to the Saudi bourse Tadawul.
The financial impact of the contract will be reflected in the first quarter of financial year 2024/2025, till Q2 of financial year 2026/2027.-TradeArabia News Service
