13
Mar
16:33
Arabian Pipes Co. wins $36m Aramco order
Arabian Pipes Company (APC) has been awarded a SAR 135 million ($35.99m) contract to supply OCTG pipe to Saudi Aramco. Deliveries will begin in the third quarter from the Riyadh plant.
In full-year 2016 APC’s revenue inched down -2% on-year to SAR 365m, but the firm turned to a net profit of SAR 4.31m versus a loss of SAR 46.5m in 2015 (see Kallanish 25 January). Besides improved productivity at APC's Jubail plant, which was driven by increased pr…
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Anonymous
Very good overview of the weekly steel market.
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