MEDCO buys $10m worth of pipes from Chinese firm
Sutor Tech Group wins contract to provide 12,000 tonnes of steel pipes
Privately-owned Chinese firm Sutor Technology Group has been awarded a contract from Qatar contractor MEDCO to supply 12,000 metric tons of MT spiral seam steel pipes.
The deal, which is estimated to be worth around $10 million, will lead to the first pipes being delivered in September, with the final shipment due before the end of 2012.
Speaking on behalf of Sutor, chairwoman and CEO Lifang Chen said: "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."