Arabian Pipes Co. (APC), a manufacturer of welded steel pipes, has been awarded several orders worth SAR 78 million to supply welded pipes to Saudi Arabian Oil Company (Saudi Aramco), the company said in a bourse statement.
APC will start supplying the pipes in the fourth quarter of this year from its Riyadh factory. Financial impact will be reflected on earnings of Q4 2017 and Q1 2018, the statement said.
The company is currently one of the largest manufacturers and suppliers of medium range High Frequency Welded (HFW) steel pipes in Saudi Arabia and the Middle East.
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