fpi wins new us $138 million contract - Future Pipe Industries

PRESS RELEASE
FPI WINS NEW US$138 MILLION CONTRACT TO SUPPLY PIPE
SYSTEMS FOR RAS LAFFAN PROJECT IN QATAR
• FPI to provide Fiberstrong pipe systems for Phase 2, category II of
Qatar Petroleum’s project to enlarge seawater cooling facility
• New pipe orders valued at over US$138 million (QR 505 million)
Dubai, 8 April 2008 – Dubai-based Future Pipe Industries Group (FPI), the leading
global manufacturer of large-diameter fiberglass pipe systems, has won a major new
contract to supply Fiberstrong fiberglass pipes and fittings for Phase 2, category II, of the
project to expand the seawater cooling facility at Ras Laffan Industrial City, in Qatar.
These new pipe and fittings orders for Fiberstrong pipe systems are valued at over US
$138 million (QR 505 million).
FPI, through its subsidiary, Future Pipe Industries Qatar, has already supplied
Fiberstrong for a portion of Ras Laffan’s piping systems in connection with Phase 1 and
the category I of Phase 2. By the time Phase 2 is complete, FPI is expected to have
delivered approximately 176,000 meters of Fiberstrong fiberglass pipes. or equivalent to
one third the length of Qatar’s coastline.
FPI Fiberstrong pipe systems will be used for above and below ground seawater cooling
lines, fire water and chlorination.
Located 80km north east of Doha, Ras Laffan City’s industrial port, operated by stateowned
Qatar Petroleum (QP), is amongst the largest facilities in the world for the export
of liquefied natural gas (LNG), gas that is cooled to a liquid for transport by ship. A
common cooling water supply facility is critical given the scale of industries present
there. By 2010, QP expects demand for more than 1 million cubic meters of cooled
water per day, compared with supply of just under 600,000 cubic meters now.

Commenting on the contract, Rami Makhzoumi, President and CEO of FPI said:
“This important contract demonstrates our ability to service some of the world’s largest
infrastructure projects. Our home market, the GCC, is the fastest growing fiberglass
pipe market in the world and it is here that FPI has proved that fiberglass can be the pipe
solution of choice for the biggest infrastructure and industrial projects.
“In the case of Ras Laffan, our fiberglass pipe systems demonstrated their ability to
perform at a superior standard to other materials, given harsh environmental conditions
in the Gulf region, the design parameters, and the highly corrosive elements of seawater
being transported. Cutting edge technological innovation and quality make FPI’s
Fiberstrong pipe systems ideally suited for a project of this caliber, the largest of its kind
in the region.”
FPI will supply Fiberstrong fiberglass pipes for the cooling water system as this type of
pipe system is highly capable of resisting the region’s high temperatures – which can
soar to 50 degrees centigrade – and the corrosive conditions from seawater. GRP pipes
are also more efficient carriers, light in weight, durable and easy to install.
The delivery of these fiberglass pipe systems in connection with Phase 2 category II ,
which are directed through Athens-based Consolidated Contractors Co, is expected to
commence this year. The project is expected to be completed by the first half of 2010.
Media Contact:
Tom Mollo +9714 390 2514
Rhiannon Evans +9714 367 2228
Bell Pottinger, Dubai
- ENDS -

About FPI
Future Pipe Industries Group (FPI) is the global leader in the large diameter fiberglass
pipe industry, developing, manufacturing and supplying fiberglass pipe systems for
customers throughout the world. Headquartered in Dubai, FPI’s operations include 11
factories and a global network of sales offices across four continents.
FPI serves customers in over 50 countries across the oil and gas, infrastructure and
municipal, water distribution, desalination and power, petrochemical and industrial
markets. FPI’s customers are generally companies engaged in infrastructure and
construction projects, such as EPC contractors and general infrastructure building
contractors. The end-users of FPI’s pipe systems include governments, municipalities,
other state-owned enterprises, oil and gas exploration and production companies and
power generation companies.