EU & WBs / Albania Energy Investment Updates

EU & WBs / Albania Energy Investment Updates

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TAP Awards Contract to Corinth Pipeworks S.A. for Onshore Line Pipe, MEDIA RELEASE 20.11.2015

AEI Updates 2015Posted by Adv. Lorenc Gordani, PhD Fri, November 20, 2015 09:40:34
Baar, Switzerland. Trans Adriatic Pipeline AG (TAP) has awarded a contract to Corinth Pipeworks S.A. who will provide approximately 495km of 48” diameter line pipes for the Trans Adriatic Pipeline across Greece.

This contract award makes up approximately 270,000 tonnes of line pipe.

Ian Bradshaw, Managing Director at TAP, said: “We are pleased to be working with Corinth Pipeworks S.A. for this important contract. I would like to congratulate Corinth Pipeworks S.A. and its partner Marubeni Itochu Steel inc. for submitting a robust bid, to the highest industry standards. I also want to thank all the companies that participated in this tender round. TAP has employed a rigorous selection process, based on companies’ technical competence, health and safety standards as well as international best practice.

Having selected Corinth Pipeworks S.A. as the major supplier of line pipe required for TAP in Greece, we hope it helps secure employment and brings longer-term additional investment and benefits to Greece.”

Corinth Pipeworks S.A. is a global supplier of high quality steel pipes for the energy and construction markets. Based in Greece, Corinth Pipeworks Group of Companies has subsidiaries in Greece, USA, Russia, Cyprus and Poland and a representative network of agencies, worldwide. Its Thisvi plant is located in Viotia, Greece and its annual production capacity amounts 1,000,000 tonnes, approximately.

Marubeni Itochu Steel Inc (MISI) is one of the largest steel and tubular suppliers in the world having a consolidated turnover of 2.1 Trillion JPY and a profit before tax of 40 Billion JPY in FY2014. MISI was established in 2001 in Japan as a 50/50 joint venture of Marubeni and Itochu Corporation.

This year TAP has awarded several contracts: construction and rehabilitation of access roads and bridges in Albania (April 2015), large diameter ball valves and actuators (July 2015), and turbo compressors (September 2015) and fittings, isolating joints and scraper traps (October 2015).

For further information on TAP’s procurement process and the contracts that it plans to award, please go to: www.tap-ag.com/project-opportunities/for-companies

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