15
Oct
13:58
Arabian Pipes bags a further Aramco order
Arabian Pipes Company (APC) has won a SAR 35 million ($9.33m) contract to supply longitudinal submerged arc welded (LSAW) pipe to oil giant Saudi Aramco. Supply of the pipe produced at APC's Jubail plant will commence in the second quarter of 2019.
In the first half of 2018 APC’s sales rose 23.3% on-year to SAR 287.7m (see Kallanish passim). The firm sunk to a net loss of SAR 16.81m versus a SAR 0.6m profit, however, due to a high cost of sales st…
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Anonymous
Very good overview of the weekly steel market.
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