• Most Popular
  • Most Shared

Italy's Danieli says Saudi order worth $630 mln

Mon Nov 16, 2009 4:11am EST

Stocks

   

MILAN, Nov 16 (Reuters) - Italian foundry equipment maker Danieli SpA (DANI.MI) said on Monday the steel plant contract it signed with Saudi Basic Industries Corp 2010.SE (SABIC) is worth $630 million.

Basic Materials  |  Industrials

In a statement on Sunday, SABIC said it signed a deal with the Italian group for the construction of a steel plant in Saudi Arabia. It did not disclose the deal's value. [ID:nLF215241]

Construction of the plant, which will have a production capacity for steel billets of 1 million tonnes per year, will start in the second half of 2010. (Reporting by Danilo Masoni; Editing by Hans Peters)

Basic Materials
Industrials


More from Reuters

Photo

East Coast tunnels out from severe snowstorm

NEW YORK (Reuters) - The Northeast began digging out on Sunday from a massive snowstorm that buried cities from Washington to Boston under as much as 2 feet of snow, creating travel chaos and hampering Christmas shopping. | Video

» More Top News
A woman shops at a Sam's Club store, a division of Wal-Mart Stores, in Bentonville, Arkansas June 4, 2009. REUTERS/Jessica Rinaldi

The food-stamp economy

On the last day of every month, shoppers at Walmart load their carts with food and household items and wait for the midnight hour. Is this the new normal in America?  Full Article 

U.S.
Two men shake hands in a file photo. REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article 

Global Deals Review