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CORINTH PIPEWORKS S.A.
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Announcement
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April 4, 2008 The Company informs the investment community about the award of 6 contracts amounting to a total value of 170 mil. EURO, of which 113 mil. EURO concern large diameter spiral welded steel pipes (HSAW), while the remaining 57 mil. EURO concern medium diameter steel pipes (ERW/HFI). The agreements were concluded with ENERGY TRANSFER eae SPECTRA ENERGY (two of the largest North American grid operators), BIRD GAES EIREANN (National gas company of Ireland) and with constructors BECHTEL, PETROFAC and J&P Paraskevaides, for projects in Agola, Syria and Libya. The execution of all these projects is expected to be completed into 2008 and the first half of 2009. The fact that CORINTH PIPEWORKS has already cooperated with all above companies in the past, is the result of its strategy to maintain long term relationships with large energy and construction groups worldwide, via offering integrated high quality solutions. All the above, along with the geographical diversification of the said agreements (N. America, Europe, Africa/Middle East), is a proof that the company enhances its competitive position and is established as one of the most important suppliers of the international energy market.
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