Saudi Arabia's Al Tanmiah Industrial and Commercial Investment Co. and the world's biggest steelmaker ArcelorMittal will start operating their 3 billion Saudi riyals ($800 million) pipe manufacturing joint venture next year, Abha-based Al Watan daily reports, citing an executive.
The plant is the largest of its kind in the Middle East region and will produce seamless pipes for use in the oil, gas and petrochemicals industries at an annual capacity of 600,000 tons, Ali Al Shaeer, Al Tanmiah's deputy managing director, told the paper.
The plant, located in Jubail Industrial City 2 in eastern Saudi Arabia, will start trial operations in the second quarter of 2013 and commercial operations in the second half of the same year, he told Al Watan.
Zawya Dow Jones
1 October
