02
Jul
15:11
Arabian Pipes bags another Aramco contract
Arabian Pipes Company (APC) has won a SAR 43 million ($11.47m) order to supply OCTG pipe to Saudi Aramco. Production will be carried out at the firm’s Riyadh pipe mill, with the financial impact felt in the second quarter of 2020.
In Q1 2019 the Saudi welded pipemaker reported a 48% on-year increase in revenue to SAR 180m and it turned to a SAR 8.1m net profit versus a year-earlier loss of SAR 8.8m (see Kallanish passim). Performance was boosted by APC sec…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous