India’s Welspun Corp has signed a memorandum of understanding (MoU) with Saudi Aramco to construct a longitudinal submerged arc welded (LSAW) line pipe manufacturing facility in Saudi Arabia, according to a regulatory filing by the Indian company on Thursday, January 16.
“We are now pleased to inform you that Saudi Aramco and Welspun Corp signed an MOU of Strategic Cooperation to establish a state-of-the-art LSAW Line Pipe manufacturing capacity in the Kingdom of Saudi Arabia. The production capacity of this plant will be 350,000 mt per year,” the company said in the regulatory filing.
Welspun Corp's proposed LSAW line pipe manufacturing facility in Dammam, 3rd Industrial City in Saudi Arabia will support Saudi Aramco’s future oil, gas and hydrogen transmission and will begin operations by mid-2026.
Welspun Corp is primarily engaged in the business of the manufacture and distribution of steel and steel products.