Saudi Industries for Pipes eyes US$ 235.000-Sales in 2015
Saudi Industries for Pipes Co. targets sales volume of EGP 180 million (US$ 235 thousand) by the end of 2015, the commercial manager Mohamed Abdel Hakim stated Saturday.
The company has opened a factory in 6th of October three months ago with investments worth EGP 100 million, Abdel Hakim stated.
He noted that project’s total area is 20.000 m2 with labors volume of 500 workers and technicians, clarifying that the company is affiliated to Al Munif Pipe whose investments worth US$ 4 billion.
Abdel Hakim claimed that Factory’s targeted capacity is 30.000 tons annually, stressing that the company is aiming at exporting its products to number of African countries.
Furthermore, he said that the company has signed agreements with the government to supply pipes for water and sewage network projects.
Moreover, Saudi Industries for Pipes Co. participates in a number of fairs abroad in Tanzania, Morocco and Algeria, Abdel Hakim elaborated.
