Page 46 - Construction_Opportunities_June_2024

INTERNATIONAL TICKER TAPE

PROPEL INDUSTRIES ACQUIRES MAJOR STAKE IN a perfect synergy of our capabilities and ambitions. By working
IRELAND-BASED OMEGA CRUSHING AND SCREENING closely with Propel, we are confident in our ability to deliver
Propel Industries, a leader in the Indian Crushing and Screening exceptional value to our customers worldwide. Our combined
market, has forged a strategic partnership with Omega Crushing efforts will not only enhance our product offerings but also expand
and Screening, a pioneer in zero emission mobile crushing and our global footprint.”
screening in European and American markets to deliver innovative The extensive distribution networks of Propel and Omega will
and sustainable solutions to the global crushing and screening be leveraged to expand the market reach of both brands,
market. By harnessing their combined strengths, Propel and facilitate better access to emerging markets and strengthen the
Omega are poised to deliver superior products and services to presence in the established ones. The Northern Ireland factory
their customers worldwide. facility of Omega will serve as a parts hub serving the European
Sharing details about the mammoth step forward, Senthil Kumar & American markets for both Propel and Omega brands. This
Varadharajan, Managing Director, Propel Industries said, “We will provide customers with reliable maintenance and quick
are thrilled to join hands with Omega in this strategic partnership. access to replacement parts, ensuring the longevity and optimal
This collaboration marks a significant milestone for us as we performance of their equipment. A key aspect of this collaboration
combine our strengths to drive innovation is a shared commitment to sustainability.
and growth in the global crushing and
screening industry. Together, we aim to set EAST PIPES INTEGRATED COMPANY FOR INDUSTRY INKS
new benchmarks in product quality and MULTI-CONTRACT DEAL WITH ARAMCO
customer satisfaction,” Welspun Corp Limited’s associate company, East Pipes Integrated
The partnership is poised to enhance Company for Industry (EPIC), a leading manufacturer of HSAW
product development and accelerate the Pipes in Saudi Arabia, has signed multiple contracts with Saudi
introduction of the state-of-the-art crushing Arabian Oil Co. (Aramco). The total value of these contracts
and screening solutions by uniting the technical expertise and exceeds SAR 1.65 Billion (`3,670 crores), inclusive of value-added
market knowledge of both companies. Advanced manufacturing tax, for the manufacturing and supply of steel pipes. The duration
facilities in both regions will be utilized, ensuring high-quality of the contracts spans 19 months.
production standards and efficient distribution channels to meet The financial impact of these contracts will be reflected from the
the growing demand. The joint efforts will focus on developing 4th Quarter of the financial year 2024/2025 to the 4th Quarter of
a new range of products that incorporate latest technologies in the financial year 2025/2026.
crushing and screening, including eco- EPIC’s stature as Saudi Arabia’s top manufacturer of Helical
friendly and energy-efficient solutions Submerged Arc Welded (HSAW) pipes, along with its fully integrated
tailored to meet the evolving needs of the manufacturing facilities and proven track record in executing
industry. large-scale orders, underscores its ability to secure significant
Speaking about the collaboration, Colin projects in both the Water and Oil & Gas sectors. The company’s
Daly, Sales Director, Omega Crushing and commitment to quality and customer satisfaction positions it well
Screening said, “This partnership represents to support Saudi Arabia’s strategic objectives under Vision 2030.

46 CONSTRUCTION OPPORTUNITIES|JUNE 2024