Saint-Gobain PAM Wins $200 Million (Around €154 Million) Contract in Kuwait
PARIS, April 9, 2013
PARIS, April 9, 2013 /PRNewswire/ --
Saint-Gobain PAM, the parent company of Saint-Gobain's Pipe Activity, today
signed a contract (Az-Zour) to supply pipes and fittings for the Kuwait
Ministry of Electricity & Water. The
$200 million (around €154 million) contract represents a total order of 120
000 metric tons of large-diameter ductile cast iron pipes for the
Pont-à-Mousson plant in France.
The contract will be executed over a period of 15 months.
An initial order under the contract, worth $40 million (around €31 million),
has already been recorded, with delivery scheduled for the end of the second
quarter. A second order, worth around $80 million (around €61 million), should
be executed in the second half of the year.
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 -, as well as its contribution to the Group's strategy through
its ability to offer appropriate solutions to major societal and environmental
challenges in both mature and fast-growing economies.
Saint-Gobain's Pipe Activity, which employs 10,000 people around the world,
generated sales of €1.6 billion in 2012.
More about Saint-Gobain
Saint-Gobain,the world leader in the habitat and construction
markets,designs,manufactures and distributes building materials,providing
innovative solutions to the challenges of growth,energy efficiency and
environmental protection. With 2012 sales of €43.2 billion,Saint-Gobain
operates in 64 countries and has nearly 193,000 employees. For more
information about Saint-Gobain,please visithttp://www.saint-gobain.com.
Vivien Dardel +33-1-47-62-44-29
Alexandra Baubigeat +33-1-47-62-30-93
Sophie Chevallon +33-1-47-62-30-48
Susanne Trabitzch +33-1-47-62-43-25
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