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Article: Amiantit sets-up factories in Morocco and Algeria.(Amiantit glass reinforced polyester)
- Article from:
- Middle East
- Article date:
- March 29, 2006
CopyrightCOPYRIGHT 2006 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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In line with growing worldwide demand for Amiantit glass reinforced polyester (GRP) pipes for water and sewage systems, Dammam-based Saudi Arabian Amiantit Company has announced that it is participating on an equal share basis in two joint venture partnerships to establish GRP pipe production plants in Morocco and Algeria.
The Moroccan manufacturing facility will be built in Casablanca at a cost of SAR 86,250,000 (USD 23 million) as a joint venture under the name of Amitech Maroc, a limited liability company in 50% - 50% partnership between Amiantit International Holding and Nareva Holding which is a 100 percent subsidiary of the ONA Moroccan Group. The new ...