TAP awards supply contract to Corinth Pipeworks

20 November 2015
60 Views

TAP -a natural gas pipeline consortium- on Friday announced it has awarded to Corinth Pipelines a contract for the supply of pipes to build the land part of the pipeline, with a length of 495 km.

Ian Bradshaw, chief executive of TAP, expressed his satisfaction over the cooperation with Corinth Pipeworks and their partner, Marubeni Itochu Steel, and noted that the selection of the Greek company as a basic supplier for the pipeline in Greece, ensured employment and will have long-term positive impact in investments to Greece.

Corinth Pipeworks is based in Greece and has subsidiaries in the US, Russia, Cyprus and Poland. Its factory unit in Thisvi, Viotia, has a production capacity of 1.0 million tons annually.

Marubeni Itochu Steel is one of the largest steel industries in the world with an annual turnover of 2.1 trillion yen and pre-tax profits of 40 billion euros (2014).
Corinth Pipeworks will begin delivery of steel pipes in 2016 and complete its contract in 2017.

“The signing of this very significant project confirmed Corinth Pipeworks’ position among the most significant steel pipe suppliers in the energy sector worldwide,” the Greek-listed company said.

 

You may be interested

Breaking news: 4.9 magnitude earthquake strikes near Santorini
GREECE
shares86 views
GREECE
shares86 views

Breaking news: 4.9 magnitude earthquake strikes near Santorini

makis - Aug 16, 2017

A 4.9 magnitude earthquake has hit the area between the islands of Milos, Amorgos and Santorini. The tremor occurred at…

Greek Ministry of Foreign Affairs announcement on the participation of FYROM’s Consul General in Toronto in an irredentist event
POLITICS
shares77 views
POLITICS
shares77 views

Greek Ministry of Foreign Affairs announcement on the participation of FYROM’s Consul General in Toronto in an irredentist event

makis - Aug 16, 2017

The Greek Ministry of Foreign Affairs issued the following Press Release. We condemn the participation of fYROM’s Consul General in…

Pavlopoulos: We are grateful to those that are giving a huge battle to protect the people & the environment
POLITICS
shares101 views
POLITICS
shares101 views

Pavlopoulos: We are grateful to those that are giving a huge battle to protect the people & the environment

makis - Aug 16, 2017

“The Greeks honour today the great feast of the Dormition of Virgin Mary, that always protects the Greek people’s struggles…

Leave a Comment

Your email address will not be published.