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Salzgitter's Europipe to Suspend Pipe Production for South Stream Pipeline Project- 管材展-钢管展-2015广州国际管材展－中国展出效果最好的管材展-巨浪展览-The 16th China(Guangzhou)Int'l Tube&Pipe Expo
1/4/2015 管材展-钢管展-steel tube expo-tube &pipe expo |
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Salzgitter announced that “EUROPIPE GmbH, a 50/50 joint venture of the Salzgitter Group an AG der Dillinger Hüttenwerke, has received an instruction from Amsterdam-based South Stream Transport BV to halt the production of steel tubes for the South Stream pipeline until further notice, expected at least until February 19.”
It said “The financial consequences for the Salzgitter Group cannot be quantified exactly yet.”
It added “Europipe GmbH and our wholly-owned subsidiary Salzgitter Mannesmann Grobblech GmbH, which supplies some of the plates, are endeavoring to minimize the reduction in capacity utilization that this creates.”
Salzgitter earlier this month said that Europipe would stop production for South Stream only through the end of this year.
Russian President Vladimir Putin announced the cancellation of South Stream’s development on December 1 following European Union trade sanctions against the country over its dispute with Ukraine.
Russian gas giant Gazprom said December 29 that it agreed to buy the 50 percent it doesn’t own in the South Stream development venture from Italian, French and German partners.
管材展-钢管展-2015广州国际管材展－中国展出效果最好的管材展-巨浪展览-The 16th China(Guangzhou)Int''l
Tube&Pipe Expo
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