Compagnie de Saint-Gobain
25 July 2002
SAINT-GOBAIN PAM SECURES A MAJOR CONTRACT
FOR A DUCTILE-IRON PIPELINE
Saint-Gobain Pam, the flagship company of Saint-Gobain's Pipe Division, has
signed a contract to supply Japan's Marubeni Corporation with equipment to build
a drinking-water pipeline for the Abu Dhabi Water and Electricity Authorities.
The pipeline will link the Shuweihat desalination plant with Abu Dhabi.
This contract, worth approximately $300 million, represents a total of about
410,000 metric tons of pipes. It is the largest ductile-iron pipe contract ever
signed by any company in the world.
The 460 kms of pipes will include both standard and flanged pipes, as well as
high-technology polyurethane-coated PUX pipes. They will be delivered in
installments over the course of 20 months.
This contract confirms Saint-Gobain's position as world leader in the field of
equipment for drinking-water networks, an area with vast development potential
for the coming years.
Saint-Gobain's Pipe Division employs 8,000 people worldwide and had 2001 sales
of € 1,400 million.
Investor Relations Department
Florence TRIOU-TEIXEIRA - mailto : florence.triou@saint-gobain.com
Claire MOSES + 33 1 47 62 32 36 - mailto : claire.moses @ saint-gobain.com
Fax : +33 1 47 62 50 62
This information is provided by RNS
The company news service from the London Stock Exchange
TBBT
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.