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Riyadh – Mubasher: Saudi Steel Pipe Co. (SSP) said it was awarded on Tuesday three contract worth SAR 38 million by Saudi Aramco for the supply of steel pipes, according to a bourse filing.
The production and supply of the contracts will start by the first half of 2017, so that the pipes will be manufactured at the company’s factories in the second Industrial City in Damman.
The related financial impact will appear during H1-17, noting that raw material will be secured locally from SABIC Steel, the statement said.
Source:
Mubasher