Saudi Arabia's Amiantit restructures global operations

The Amiantit Group of Companies has restructured its worldwide operations with the formation of a corporate core, four geographical strategic business units for the group's pipe business, and a separate SBU for Water Management projects...

DAMMAM, Saudi Arabia, Feb. 22, 2005 -- The Amiantit Group of Companies has restructured its worldwide operations with the formation of a Corporate Core, four geographical Strategic Business Units for the group's pipe business, and a separate SBU for Water Management projects.

As explained by CEO Fareed al Khalawi, the restructuring has been designed to establish the Amiantit Group as global player in pipe solutions, water management and technologies to manufacture pipes. It also enables Amiantit to extend its international activities and to offer improved services for business associates, customers, suppliers and employees worldwide.

As a result of the global structure, the Amiantit's former division of International Operations (SAMIO) is not anymore required. In this context, Mr. Bengt Carlström, the former President of SAMIO, has left the company and is no longer representing or associated with the Amiantit Group.

As of today, Amiantit has manufacturing sites and sales offices in more than 45 countries.

The Saudi Arabian Amiantit Company was established in 1968. The prime activity of the company is to initiate and manage new industrial projects.

Amiantit (www.amiantit.com) owns a number of technologies that it licenses and markets. Other activities include water project consultancy and management all around the world. It is the world's largest glass fiber reinforced polyester (GRP) pipes and tanks manufacturer, with 37 plants stretching from as far as China to the USA, producing GRP, glass reinforced epoxy (GRE), ductile iron (DI), concrete cylinder (CCP) and high density polyethylene (HDPE) pipe systems among other types of products with the aim to serve the different communities and ensure a cleaner and safer globe.

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