20 November 2007

Recent Amiantit orders from Kingdom, Spain and Poland top €34.5m

With a network of 33 manufacturing facilities strategically spread around the world, the Amiantit Group is reaping rich rewards from the ever increasing global demand for pipe systems for both municipal and industrial infrastructure projects, with recent orders from three countries alone adding up to more than €34.5m.

The two biggest orders are for projects in Saudi Arabia exceeding €18m. Both projects are using GRP pipes for seawater cooling systems produced by AFIL which is the largest fibreglass pipes and tanks manufacturer in the Middle East. The largest project has been awarded to Amiantit Fiberglass Industries Limited (AFIL) by Al Marafiq project in Jubail with a price tag of €11m. The second largest, valued at €7.4m, has been also awarded to (AFIL) for GRP (Glass Reinforced Plastic) pipes and fittings for the seawater cooling system at Desalination Plant located at Ras Al Zawr, north of Jubail.

The third contract award has gone to Amiantit Polyolefin Piping Systems Company (APPSCo) and is for High Density Polyethylene (HDPE) pipes for Al-Jazea Establisment projects in Jizan and Qassim. Worth €5.6m the order is the biggest in the history of APPSCo.

"Globalization is resulting in increased prosperity in regions as far apart as Asia and Latin America, while the huge spike in the price of oil is fuelling a new boom in the producing countries," said Eng, Fareed Al-Khalawi, President & CEO of the Amiantit Group.

"Everywhere, nations have money to spend and are investing it in massive municipal and industrial development projects that invariably call for pipe systems for applications ranging from domestic drinking water supply and sewage disposal to industrial seawater cooling systems and agricultural irrigation. Amiantit's global expansion in recent years was to enable the Group's manufacturing facilities and sales offices to win orders on the basis of their local presence and we are now seeing the highly successful results of our strategic forward planning."

Amiantit Group manufacturing facilities in Spain and Turkey are doing especially well, and while figures for the biggest Turkish orders cannot be revealed due to contract confidentiality clauses, Amitech Spain has announced three recent contract awards totalling €8 million. The two biggest of these are for GRP pipes for irrigation projects in Leon and Catalunya and both orders were won on the basis of the project owners' satisfaction with previous contracts fulfilled by Amitech Spain. The third order is for GRP pipes for a brine sewer line that crosses the Llobregat River, which crosses the Barcelona metropolitan area.

Amitech Poland Is another of the Amiantit Group's GRP manufacturing facilities that is benefitting from municipal investment in public services and has recently commenced deliveries of GRP pipes for the extension of a new wastewater treatment plant in Gdansk. The total value of the order is €2.5mn.-(ameinfo)

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Lebanon Time-Line

Introducing Lebanon

Coolly combining the ancient with the ultramodern, Lebanon is one of the most captivating countries in the Middle East. From the Phoenician findings of Tyre (Sour) and Roman Baalbek's tremendous temple to Beirut's BO18 and Bernard Khoury's modern movement, the span of Lebanon's history leaves many visitors spinning. Tripoli (Trablous) is considered to have the best souk in the country and is famous for its Mamluk architecture. It's well equipped with a taste of modernity as well; Jounieh, formerly a sleepy fishing village, is a town alive with nightclubs and glitz on summer weekends.

With all of the Middle East's best bits - warm and welcoming people, mind-blowing history and considerable culture, Lebanon is also the antithesis of many people's imaginings of the Middle East: mostly mountainous with skiing to boot, it's also laid-back, liberal and fun. While Beirut is fast becoming the region's party place, Lebanon is working hard to recapture its crown as the 'Paris of the Orient'.

The rejuvenation of the Beirut Central District is one of the largest, most ambitious urban redevelopment projects ever undertaken. Travellers will find the excitement surrounding this and other developments and designs palpable - and very infectious.

Finally, Lebanon's cuisine is considered the richest of the region. From hummus to hommard (lobster), you'll dine like a king. With legendary sights, hospitality, food and nightlife, what more could a traveller want?

Introducing Beirut

What Beirut is depends entirely on where you are. If you’re gazing at the beautifully reconstructed colonial relics and mosques of central Beirut’s Downtown, the city is a triumph of rejuvenation over disaster.

If you’re in the young, vibrant neighbourhoods of Gemmayzeh or Achrafiye, Beirut is about living for the moment: partying, eating and drinking as if there’s no tomorrow. If you’re standing in the shadow of buildings still peppered with bullet holes, or walking the Green Line with an elderly resident, it’s a city of bitter memories and a dark past. If you’re with Beirut’s Armenians, Beirut is about salvation; if you’re with its handful of Jews, it’s about hiding your true identity. Here you’ll find the freest gay scene in the Arab Middle East, yet homosexuality is still illegal. If you’re in one of Beirut’s southern refugee camps, Beirut is about sorrow and displacement; other southern districts are considered a base for paramilitary operations and south Beirut is home to infamous Hezbollah secretary general, Hassan Nasrallah. For some, it’s a city of fear; for others, freedom.

Throw in maniacal drivers, air pollution from old, smoking Mercedes taxis, world-class universities, bars to rival Soho and coffee thicker than mud, political demonstrations, and swimming pools awash with more silicone than Miami. Add people so friendly you’ll swear it can’t be true, a political situation existing on a knife-edge, internationally renowned museums and gallery openings that continue in the face of explosions, assassinations and power cuts, and you’ll find that you’ve never experienced a capital city quite so alive and kicking – despite its frequent volatility.