Aramco awards SAR 261 mln contract to Arabian Pipes

29/04/2018 Argaam

 

Arabian Pipes Co. (APC), a manufacturer of welded steel pipes, has won a SAR 261 million contract to supply longitudinal submerged-arc welded (LSAW) pipes to Saudi Aramco, it said in a statement to Tadawul on Sunday. 

 

The company will start delivering pipes from its factory in Jubail Industrial City from Q4 2018 until Q2 2019.

 

The financial impact will be reflected on Q4 2018 until Q3 2019 earnings, the statement added.

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