Amiantit wins $7 million in oil & gas piping contracts in Turkmenistan

• Orders will be fulfilled by Amiantit Group companies in Turkey, India and Germany.

DAMMAM, Saudi Arabia, Nov. 20, 2006 -- Amiantit Group companies have received two contract awards in Turkmenistan totaling more than US$7 million. Issued by the state concern Turkmen Oil & Gas Construction, both orders are the result of successful tender bids and are for different parts of the same project, which is the construction of a new sewage network in the East Turkmenistan city of Turkmenabat.

The biggest of the contract awards is worth US$6 million and was signed by the Amiantit Caspian Branch on behalf of Amiantit Fiberglass Industries (AFIL). The order is for 31 kilometers of glass reinforced polyester (GRP) pipes and fittings which will be supplied by two Amiantit joint venture companies: SUBOR in Turkey and the Goa-based Amiantit Fiberglass Industries India Pvt. Ltd. (AFIIL).

Amiantit Caspian Branch has been operating in Turkmenistan for more than five years, during which time it has supplied more than 600 kilometers of GRP pipes together with fittings and has become established as the country's leading provider of GRP products.

The second contract award, worth US$1,163,767.10, is for the supply and installation of 11 'FLYGT' submersible pumps, including the control system, for three sewage pump stations. As part of the contract, PWT will provide a training programme. The order for this part of the Turkmenabat project went to another member of the Amiantit Group, PWT Wasser- und Abwassertechnik GmbH, a German company which specializes in water treatment technologies and turnkey projects.

Commenting on the functionality and excellent performance of the pump system, the chief engineer of the project stated that there was a strong likelihood that the same PWT system would be installed in similar projects that are scheduled for implementation in other regions of the country in the near future.

The Amiantit Group, headed by its Dammam-based parent the Saudi Arabian Amiantit Company Limited, is one of the world's biggest manufacturers of pipes and accessories which are produced at 34 manufacturing facilities around the globe and marketed by a trading organization consisting of sales offices or representatives in more than 45 countries.

In addition to manufacturing pipe systems for a wide variety of applications, Amiantit undertakes turnkey projects for entire water infrastructure installations such as pipeline networks, aqueducts and pumping stations, and is currently operating projects in Eastern Europe, Russia, Turkey, Greece, Africa, India, Indonesia and Thailand.