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Amiantit Group Wins Major Contracts in Egypt

21 January 2007

Continuing the recent run of contract wins by its subsidiary companies and joint venture partnerships, the Amiantit Group has announced major orders for its manufacturing facilities in Egypt.

""We are especially pleased about these orders from our colleagues in Egypt and Brazil,"" said Eng. Fareed Al-Khalawi, President & CEO of Amiantit. ""Both countries play an important role in Amiantit's global strategy and our various manufacturing facilities in them greatly enhance our operational capabilities in North Africa and South America. Moreover, the choice of Amiantit pipe systems reflects a trend that we are seeing worldwide as public sector administrations and private sector companies in more and more countries recognize the technological merits, superior quality and environment-friendly features of our world class products. ""

The contract awards for Amiantit factories in Egypt consist of three orders amounting to US$11,365,269. Two of these orders are for glass reinforced polyester (GRP) pipes, the largest being for the Aburdeice project and worth US$ 4,912,960, while the other is for the Abuteeg project and worth US$ 2,176,003. These orders will be fulfilled by the Amiantit Fiberglass Egypt Company (AFEC) using Amiantit-owned Flowtite technology which produces environment-friendly pipe systems that are corrosion-resistant, lightweight, easy to install and virtually maintenance free.

On the other side of the world, Amiantit Group company, Amitech Brazil, has succeeded in getting a breakthrough contract award for its Flowtite GRP pipes which were selected in preference to the usual choice of steel. The favourable decision was made by Rischbieter (Gaspar, SC) of the Brazilian state of Santa Catarina, a company which specializes in civil construction projects such as the treatment of industrial and domestic effluents and small hydroelectric plants.






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