AMIANTIT WINS OVER 31 MILLION US DOLLAR - CONTRACTS

Dammam, December 2005 - Amiantit group of companies won a number of contracts in different parts of the world. “These contracts emphasize on Amiantit’s leading role in manufacturing and supplying various ranges of pipe systems wherever and whenever needed”. CEO & MD Eng. Fareed Alkhalawi commented. He went on to say: “Amitech-Spain which is fully owned by Amiantit won a contract of US$ 16,800,000 for supplying GRP pipes to transmit water used for a huge irrigation project in Saragossa region in Spain. The pipes will be supplied by Amitech-Spain which is located 250 km from the site”. In another deal, Amitech Mexico managed to secure a contract for US$ 2,133,000 for the supply of 14 km of GRP to the project "ACUASUR" in Querétaro de Arteaga city, Mexico. Only last month, Amitech Mexico won a contract for supplying 8 km of GRP pipes used for sewer. The US$ 6.6 million project is due to be completed in January 2006.

As for the USA, Amitech-USA is about to finish supplying Meyer Polycrete pipes worth of US$1,600,000 to the Upper Jones Falls project in Baltimore –Maryland. These jacking-pipes are installed underground at depths ranging between 10 to 75 feet without the need to dig trenches or disturb traffic. Another contract worth of US$ 3,000,000 was secured for the sale of ductile iron pipes used in rehabilitation of water systems in the city of Damanhoor, Egypt. There were also two contracts that amount to US$ 1,550,000 for the sale of high density polyethylene pipe systems in Saudi Arabia and Lebanon.

Eng. Fareed Al-Khalawi reiterated: “These orders show global confidence in the reliability of Amiantit products and technologies, all of which are supported by certifications such as ISO 9001, ISO 14001, UL, FM, NSF, and many others, ensuring that production conforms to the highest international standards.” Al-Khalawi went on to say: “Amiantit has managed to win these contracts despite the strong international competition. This raises the confirmed orders to more than US$ 450,000,000, which constitutes 50% of the expected sales of 2006”.

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