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Future Pipe Industries Executive Vice President Delivers Keynote Speech at “The Future of Australian Infrastructure” Event Hosted by KPMG and Global Pipe Australia

June 25, 2013

DUBAI, UAE, June 25, 2013 /PRNewswire/ –

Fiberglass Pipe Systems Becoming the Technology of Choice in Delivering

Water and Energy to the World in the Most Efficient Way

Mr. Imad Makhzoumi Executive Vice President and member of the board of Future Pipe
Industries (FPI), a leading global provider of fiberglass pipe system, was recently
invited by KPMG and Global Pipe Australia to be the guest speaker in a reception held in
Melbourne, Australia.

At this exclusive event Mr. Makhzoumi addressed an audience of around 50 senior
executives from the Energy, Water and Financial sectors in a 45-minute presentation
followed by Q&A on the topic ‘The Future of Australian Infrastructure’. Mr. Makhzoumi
shared his insight about the rapid expansion of the global infrastructure in general, and
explored the key challenges and critical issues facing the Australian industry in
specific.

On hosting the event, David Morgan CEO of Global Pipe Australia, the exclusive FPI
agent in Australia, and an importer of premium quality pipe for companies throughout
Australia, said: “We at Global Pipe understand these challenges and have partnered with
FPI, the world’s largest manufacturer of composite fiberglass pipe systems, to deliver the
latest integrated engineering solutions and the safest pipe systems to the Australian
market.”

During the presentation Mr. Makhzoumi highlighted how Fiberglass is the ideal material
to deliver the most comprehensive ways to deal with these challenges and to also prepare
organizations for what lies ahead.

On speaking at the event, Mr. Makhzoumi said: “Being chosen as a guest speaker for
this prominent event shows the global recognition and success of FPI as an organization.
Now, more than ever, there is great importance placed on delivering integrated engineering
solutions and improving performance through efficient, cost-effective and safe pipe
systems, which is vital to the development of the infrastructure. Fiberglass pipe systems
are rapidly becoming the technology of choice in delivering water and energy to the world
in the most efficient way.”

According to Freedonia research, the world fiberglass pipe demand is currently USD 4.5
billion, at an estimated compound annual growth rate (CAGR) from 2010 to 2017 of 6.8%
compared to 3.6% for steel pipes. Australia fiberglass pipe demand is around USD 126
million, with an opportunity to grow to USD 1.6 billion per year. The demand is
predominantly based on mining and Oil & Gas sectors, and efforts to improve the
longstanding drought conditions are also driving fiberglass pipe demand in water
distribution and desalination plants.

During the trip Mr. Makhzoumi also held several meetings organized by KPMG in Perth,
Melbourne and Brisbane, with EPC contractors, developers and local contractors in the Oil
& Gas, water and mining industries to discuss further cooperation opportunities.

About Future Pipe Industries

Future Pipe Industries (FPI) was established in 1984 and has since grown to become a
global leader in anti-corrosive fiberglass pipe system design and manufacturing. FPI
offers a complete product range and solutions to complex engineering projects for a wide
variety of applications in the Oil & Gas, Marine, Industrial, and Infrastructure sectors.
FPI currently operates 9 factories around the world with more than 3000 employees and
serves more than 300 major customers in over 50 countries.

http://www.futurepipe.com/en/ [http://www.futurepipe.com/en ]

SOURCE Future Pipe Industries Group (FPIG)


Source: PR Newswire