11.03.2016
Salzgitter AG DE0006202005
DGAP-News: Salzgitter AG: EUROPIPE joint venture to deliver pipes for Nord Stream 2
DGAP-News: Salzgitter AG / Key word(s): Incoming Orders
Salzgitter AG: EUROPIPE joint venture to deliver pipes for Nord Stream 2
11.03.2016 / 17:21
The issuer is solely responsible for the content of this announcement.
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EUROPIPE, a 50/50 joint venture of the Salzgitter Group and AG der
Dillinger Hüttenwerke, receives an order for the delivery of large-diameter
pipes for the lines 3 and 4 of the Baltic Sea pipeline. This was announced
by Nord Stream consortium on Friday in Zug, Switzerland. The total quantity
is 2.2 million tons (2.500 km). EUROPIPE will receive approx. 890.000 tons
(ca. 1.100 km). The contract will be signed within the next weeks.
The large-diameter pipes will be produced by EUROPIPE GmbH in several
production lots from August 2016 up to middle of 2018 in the plant in
Mülheim an der Ruhr. This, in combination with the other recently booked
orders, will secure a basic workload. The raw material for the pipe
production will be supplied to EUROPIPE by the shareholders, Salzgitter
group and Dillinger Hüttenwerke AG. MÜLHEIM PIPECOATINGS GmbH, a subsidiary
of EUROPIPE, will undertake the external coating and internal lining of
pipes.
The Nord Stream project is one of the largest and extremely complex
offshore gas pipelines, which have ever been constructed. For the first two
lines of the Baltic Sea pipeline EUROPIPE produced 1.840 km (1,574 Mio.
tons) from April 2008 until September 2011 in the large-diameter pipe mill
in Mülheim an der Ruhr.
Contact:
Markus Heidler
Head of Investor Relations
Salzgitter AG
Eisenhüttenstraße 99
38239 Salzgitter
Phone +49 5341 21-6105
Fax +49 5341 21-2570
E-Mail [email protected]
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11.03.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Salzgitter AG
Eisenhüttenstraße 99
38239 Salzgitter
Germany
Phone: +49 5341 21-01
Fax: +49 5341 21-2727
E-mail: [email protected]
Internet: www.salzgitter-ag.de
ISIN: DE0006202005
WKN: 620200
Listed: Regulated Market in Frankfurt (Prime Standard), Hanover;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich, Stuttgart; Terminbörse EUREX
End of News DGAP News Service
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444577 11.03.2016
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