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Worth $6 million, piping leader RAKtherm inks two separate deals with firms from Algeria and Egypt
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| 2 Dec 2013 |
RAKtherm’s exceptional outstanding quality pipes emerge rapidly since it started and consistently increases its’ market share in the piping industry distributing to 35 countries throughout the MENA region. When the construction industry flourished, a strong demand for building materials arise and this calls for production of RAKtherm solutions.
To mark a few of company’s greatest record was the recently signed contract at The Big5 Show between RAKtherm with Watex Agencies and Distribution of Egypt and Algeria’s RAKtech for Import and Export to supply proven and reliable heavy duty piping systems that will help strengthen the sanitary industry sector to support the growing requirements of these countries.
The deal signed is worth $4 million between RAKtherm and Watex Agencies; and the second with RAKTech valued at $2 million, RAKtherm is proving that it can continue to register the same levels of growth exhibited since the company’s founding and definitely the ultimate piping solution provider. We were established in 1995 but are connected to a group that was founded in 1963.
These contracts are definitely one more important achievements of our organization which is an essential step in fulfilling our strategy that involves implementation of series of partnerships affirming global utilization of our products, because this will establish a wealth-generating vision that goes beyond a simple business contract.
Our innovation in plastic engineering provides advance technical knowledge and easy installation to help increase the performance, flexibility, and reliability of our products. The venture with Egypt and Algeria is our continuing commitment to supply the best piping technology to assist in meeting the growing needs of the market.
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22 11 00 - Facility Water Distribution
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