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Article: AMIANTIT SETS-UP FACTORIES IN MOROCCO AND ALGERIA
- Article from:
- Al Bawaba
- Article date:
- March 29, 2006
CopyrightCopyright 2006 Al Bawaba. Provided by ProQuest LLC. (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
factory's first order is for 90 ...