Amiantit Fiberglass Industries India Wins Orders worth $19.4Million

23 July 2007

Amiantit Fiberglass Industries India has recently been awarded contracts for Amiantit Flowtite corrosion-resistant, environment-friendly pipe systems for domestic water supplies in the states of Rajasthan, Andhra Pradesh and Kerala.

A fourth order is from an international oil company for 70 double wall storage tanks which are also produced using the Flowtite fibreglass continuous filament winding process, a manufacturing technology for which Amiantit owns the exclusive world patents.

""Amiantit Fiberglass India has been a winner all the waysince the day the manufacturing facility in Goa commenced operations in 2004,"" said Eng. Fareed Al-Khalawi, President & CEO of the Amiantit Group. ""While our core product there is pipe systems, there has been an exceptionally large demand for our single and double wall tanks for both above ground and underground storage of gasoline, with large orders coming from two of India's leading privately-owned petroleum companies, both of which are in the process of expanding their retail gas stations enormously, a sure sign of India's rapidly increasing economic growth and prosperity.""

The technology to produce GRP double wall tanks was developed in Saudi Arabia by Amiantit Fiberglass Industries Ltd. (AFIL), an Amiantit Group company, which was the first manufacturer in the Middle East to develop and put into production double wall tanks made from reinforced fiberglass using an automated process.

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