China: Sutor to Supply Steel Pipes to MEDCO

Sutor Technology Group Limited, a leading China-based non-state owned manufacturer and distributor of high-end fine finished steel products and welded steel pipes used by a variety of downstream applications, announced that it has entered into a supply agreement for 12,000 metric tons of spiral seam steel pipes with Middle East Dredging Company (MEDCO).

MEDCO is a company established in Qatar and specialized in capital dredging works, through a complementary fleet of dredging vessels, reclamation and other equipment.

MEDCO intends to use the steel pipes for a project in Qatar.

Under the agreement, the total contractual amount is approximately $10 million. Sutor expects to start delivering the steel pipes in September and complete the delivery by December 15, 2012.

Ms. Lifang Chen, Chairwoman and CEO of Sutor, commented, “Sutor is proud to partner with MEDCO, a leading dredging and reclamation contractor which has been involved in a number of prestigious projects in the Middle East. With this supply agreement, we believe Sutor’s presence and reputation in the region have been enhanced and strengthened. In the highly competitive global steel industry, we believe that our focus on providing customers with outstanding service and superior products has made Sutor a supplier of choice for a growing list of customers in more than 30 countries.”

[mappress]

Dredging Today Staff, August 22, 2012