NIC/Voest Alpine Sign Contract for Steel Wire Plant
The National Industrialization Company (NIC) of Saudi Arabia and Voest Alpineof Austria on 20 June signed a contract for the construction of a plant inJubail to manufacture various types of steel wires. The plant, to be operated bythe National Wire Products Company (ASLAK), will cost SR195mn ($52mn) and have aproduction capacity of 33,200 tons/year. Start-up of the project is expected inearly 1991. In...