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AMIANTIT RESTRUCTURES GLOBAL OPERATIONS Dammam, January 2005 – The Amiantit Group of Companies has restructured its worldwide operations with the formation of a Corporate Core, four Geographical Business Units for the Group’s pipe business, and a separate SBU for Water Management projects. As explained by the CEO, Mr. Fareed al Khalawi, the restructuring has been designed to establish the Amiantit Group as global player in pipe solutions and technologies. It also enables Amiantit to extend its international activities and to offer improved services for business associates, customers, suppliers and employees worldwide. The new structure replaces SAMIO, Amiantit’s former division of International Operations. In this context, Mr. Bengt Carlström, the former President of SAMIO, has left the company and is no longer representing or associated with the Amiantit Group. As of today, Amiantit has manufacturing sites and sales offices in more than 45 countries.
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