MAN Industries strengthens global pipe business with acquisition of Saudi pipe producer NPC

MAN Industries has completed the acquisition of a 100 percent equity stake in Saudi Arabia-based National Pipe Company Limited (NPC) through its wholly owned subsidiary Man International Steel Industries Company (MISIC).

The transaction, valued at approximately USD 102 million, marks a significant step in MAN Industries’ international expansion strategy and strengthens its presence in the Middle East pipe market.

NPC is a well-established Saudi manufacturer of HSAW and LSAW steel pipes, operating integrated production facilities in Dammam and Dhahran. The company has an installed annual production capacity of approximately 430,000 tonnes and supplies pipe solutions for oil and gas pipelines, water transmission systems, infrastructure developments and industrial applications.

Before the acquisition, NPC operated as a joint venture between Saudi investors and Nippon Steel. According to MAN Industries, the company maintains an active order book and serves major regional customers including Saudi Aramco, the Saudi Water Authority, Saudi Water Partnership Company, Kuwait Oil Company and Qatar Petroleum, as well as international EPC contractors.

MAN Industries stated that NPC is a profitable and debt-free operation, providing a strong platform for further expansion in Saudi Arabia’s energy and infrastructure sectors. The company also plans to add internal and external pipe coating facilities at the site in response to growing regional demand for coated pipeline solutions.

With the acquisition, MAN Industries further expands its position in the global large-diameter pipe sector. The company manufactures carbon steel line pipes for the high-pressure transmission of natural gas, crude oil, petrochemicals and potable water, with a combined annual production capacity of approximately 1 million tonnes of LSAW and HSAW pipes and 200,000 tonnes of ERW pipes.