08
Jun
12:59
Saudi Aramco plans forging, casting JV by 2020
Oil giant Saudi Aramco has signed a memorandum of understanding with General Electric (GE) and Italy’s Cividale to build a high-end forging and casting plant in Saudi Arabia. This will serve the Middle East and North Africa’s maritime and energy industries once it is commissioned in 2020.
The $400 million plant will produce 50,000-70,000 tonnes/year of components for use in shipbuilding, diesel engines, rig equipment – top drives, draw-works, d…
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Anonymous
Very good overview of the weekly steel market.
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