Man Industries (India) has announced that it has signed an agreement with Aramco Asia India to explore the establishment of a steel pipe manufacturing facility in Saudi Arabia. The memorandum of understanding, which is effective immediately for a period of five years, was disclosed in an exchange filing on Thursday.
The agreement focuses on assessing the potential to develop a state-of-the-art steel pipe plant in the Kingdom of Saudi Arabia, either through Man Industries or its subsidiaries. The company is among the country’s largest manufacturers of longitudinal submerged arc welded (LSAW) pipes, spirally welded pipes and coating systems.