East Pipes to set up SAR 48M production line for HSAW pipes
East Pipes Integrated Company for Industry signed contracts with different entities to establish a new production line for Helical Submerged Arc Welded (HSAW) pipes in the company's factory in Dammam 2nd Industrial City.
The project, which costs nearly SAR 48 million, will be financed from the company's available cash, bank facilities, and other programs, the company said in a statement to Tadawul.
Several entities and consultants were contracted to supply machinery and equipment for the new production line that will add about 100,000 metric tons to the current 400,000 MT nameplate capacity.
The pipe manufacturer will embark on the project this month, it added, expecting it to be complete in Q4 2025/26.
It also expects the relevant financial impact to show in Q1 2026/27. Trial production is likely to begin in Q4 2025/26 for one month.
There are no related parties to the deal, the company noted, adding that any material developments will be duly announced.
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