The memorandum of understanding signed with Aramco Asia India is effective immediately and will be valid for five years, according to a statement from the company.
Partnership to assess advanced pipe manufacturing potential in Saudi Arabia
According to the agreement, both sides will explore the possibility of establishing a plant for the production of high-quality steel pipes in Saudi Arabia, either through MAN Industries directly or through its subsidiaries.
MAN Industries is one of India's largest manufacturers of submerged arc Welded (LSAW) pipes, spiral seam pipes, and coating systems, supplying major oil, gas, and water infrastructure projects worldwide.
The partnership marks a strategic step for MAN Industries as it seeks to strengthen its global presence and tap into Saudi Arabia's growing demand for premium steel pipes amid large-scale investments in energy and infrastructure.
