Sutor Technology Group, a major Chinese non-state-owned producer and supplier of welded steel pipes and fine finished steel products for use in a wide range of downstream applications, has reported that Middle East Dredging Company (MEDCO) has inked a supply agreement to procure 12,000 metric tons of spiral seam steel pipes from Sutor.
MEDCO is a Qatar-based company focusing on capital dredging works using a fleet of dredging vessels and equipment such as reclamation. The company plans to utilize the steel pipes for an oil transportation project in the country.
As per the deal, the total contractual amount is roughly $10 million. Sutor plans to begin the delivery of steel pipes in September 2012, with delivery slated for completion by December 15, 2012.
Sutor’s Chairwoman and Chief Executive Officer, Lifang Chen stated that the company is happy to team up with MEDCO, a major dredging and reclamation contractor contributing to several key projects in the Middle East region. This supply contract further strengthens the presence and reputation of the company in the region.
Chen further said that in the highly competitive global steel industry, the company’s commitment to deliver better products and superior service to customers has made it a preferred supplier for an increasing list of customers in over 30 nations.
Sutor uses various proprietary technologies and processes to produce fine finished steel products such as cold-rolled steel, acid-pickled steel, pre-painted galvanized steel, hot-dip galvanized steel and welded steel pipe products for applications, including construction, information technology, automobiles, solar water heaters and household appliances.