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AMIANTIT SUPPLIES 42 KILOMETRES OF PIPES WORTH 17 MILLION EUROS TO BRING HIGH QUALITY WATER TO ZARAGOZA SPAIN Dammam, March 2004 – Amitech Spain, a wholly owned subsidiary of Saudi Arabian Amiantit Company, is supplying fibreglass pipes to carry high quality potable water from Acequia del Sora in the Pyrenees Mountains to the Zaragoza region of Spain. Infrastructure development in the region is the result of new industrial projects that have increased living standards for the 825,000 inhabitants of Zaragoza. A total of 140 million Euros is being invested in the water supply project, of which 17 million Euros is for the pipe system itself. Amitech Spain was awarded the pipe supply contract in May 2002 by Obrascon Huarte Lain (OHL) Spain’s largest construction company, who are carrying out the project for ACESA, a private Spanish company of the Confederación Hidrográfica del Ebro. The project is scheduled for completion in June 2004. "Ämiantit Group companies are awarded participation in water infrastructure projects in countries all over the world, due to our industrial expertise and the technological superiority of our products," said Fareed al Khalawi, President & CEO of Saudi Arabian Amiantit Company, "For this Spanish project the decisive factors in the contract award were the reliability and service of Amitech Spain, their capability to supply 12 metre pipe lengths, and the light weight of Flowtite GRP pipes which allows the contractor to lay an average of 500 metres of pipes per day." Commenting on Amitech Spain's performance, OHL’s superintendent said earlier about a project in Malaga "The Flowtite pipe is a fantastic product made from the ideal material for this project and OHL is very satisfied overall." Flowtite is the leading fiberglass pipe manufacturing technology, for which Saudi Arabian Amiantit Company owns the exclusive world patents. Technological Note: |






