25
Feb
14:52
APC wins another Aramco contract
Arabian Pipes Company (APC) has won a SAR 41 million ($10.9m) order to supply longitudinal submerged arc welded (LSAW) pipe to Saudi Aramco. Deliveries will begin in the third quarter from the firm’s Jubail plant.
This follows Aramco’s award to APC earlier this month of a SAR 229m contract for the supply of LSAW pipe (see Kallanish passim).
In the nine months through September 2018 APC saw revenue rise 28% on-year to SAR 473.9m but the firm slumpe…
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Anonymous
Very good overview of the weekly steel market.
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