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Sat 13 Apr 2013 11:52 AM

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French firm wins $200m contract in Kuwait

Saint-Gobain's Pipe Activity will supply cast iron pipes to Kuwait's Ministry of Electricity and Water

French firm wins $200m contract in Kuwait
(Photo for illustrative purposes only)

A French company has announced that it has signed a $200m contract to supply equipment to Kuwait's Ministry of Electricity and Water.

Saint-Gobain, the parent company of Saint-Gobain's Pipe Activity, said it will supply 120,000 metric tons of large-diameter ductile cast iron pipes from its Pont-à-Mousson plant in France.

The contract will be executed over a period of 15 months, it said in a statement.

An initial order under the contract, worth $40m, has already been recorded, with delivery scheduled for the end of the second quarter of this year, it added.

A second order, worth around $80m, should be executed in the second half of the year, Saint-Gobain said.

The statement added: "This contract reflects Saint-Gobain PAM's position as a world leader in drinking water supply systems - an area with considerable growth potential in the years ahead."

Saint-Gobain's Pipe Activity, which employs 10,000 people around the world, generated sales of €1.6bn in 2012.

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