25/June/2019
Petrochemical Conversion Company Ltd PCC ®., Advanced Automation Systems Ltd. AAS ® CYPRUS and GULFDRIP ® Company UAE have signed on Tuesday 25 June 2019 at the headquarters of the PCC in Jubail an agreement for the transfer of technology and production of drip irrigation pipes. Minimum 70% of the name plate capacity shall be off-take by Gulfdrip an affiliate marketing company of AAS
The agreement was signed by Mr. Mohammed Bin Eid Al Khater, Chairman of Petrochemicals Conv. Co Ltd. And Mr. Dimitri Paraskipovols, Chairman of Advanced Automation Systems Ltd.
Mr. Mohammed Bin Eid Al Khater said that, this agreement will contribute to creating jobs for Saudi cadres and provide them training to operate the plant. The highly efficient thin wall drip irrigation pipes shall be supplied to the local and international markets, contribute greatly to water conservation efforts, less energy consumption, higher Crop Immunity & Saving on fertilization. All the feedstock used to produce Drip Pipes will be 100% Saudi products.