The Board of Directors of East Pipes Integrated Company for Industry has approved the establishment of a new external steel pipe coating line at the company’s pipe coating plant located in the Second Industrial City in Dammam, at an estimated cost of approximately SAR 78.5 million.
In a statement published on Tadawul, the company said that construction of the project is scheduled to begin in February 2026, with completion expected in the first quarter of fiscal year 2027–2028.
The company explained that the project will be financed through available cash, bank facilities, and other financing programs, and is expected to have an impact on its financial results starting from the first quarter of fiscal year 2027–2028.
It added that the expected date for the start of trial production is the first quarter of fiscal year 2027–2028 and will last for one month, noting that contracts will be signed with several parties for the supply of machinery and equipment.
The company also stated that commercial production is expected to commence in the first quarter of fiscal year 2027–2028, and that it will disclose any material developments related to the project in due course, confirming that there are no related parties involved.
The expansion aims to double the plant’s current nominal production capacity from approximately 4 million square meters to 8 million square meters per year, enabling the company to meet growing market demand and strengthen its competitive position.
