CORINTH PIPEWORKS HOLDINGS S.A.
SIDENOR HOLDINGS S.A.
Participation at the 2nd Annual Hellenic Roadshow
SIDENOR S.A. Group of companies successfully participated at the 2nd Annual Hellenic Roadshow which took place in London on October 3 and 4, 2007 and was organized by the Athens Exchange in collaboration with Bloomberg.
During the roadshow, the group management presented to prime fund managers in a series of meetings, the most important developments of the group's operations in 2007, the financial results, the investment activity as well as the group's prospects and objectives in the near future.
SIDENOR was represented by Mr. Nikos Mariou, Strategic Planning & Commercial Director, Mr. Christophoros Catsambas, CEO of CORINTH PIPEWORKS SA, as well as Mrs. Sofia Zairi Group Investor Relations Officer.
During the presentations, emphasis was given at SIDENOR's leading position in the long steel products market in the Southeast Europe, while focusing as well at the pipes sector, where CORINTH PIPEWORKS is consistently outperforming.
The group's major competitive advantages in the market are its state-of-the-art production facilities which operate on a strong cost base, its extended and well deployed sales & distribution network, its leading position in a region of high growth rates such as the Balkans, as well as the quality and innovation that characterizes the extended portfolio of its 'SD' branded products. All of the above are the result of a 10-year strenuous and strategically selected investment plan of over Euro 470 Mio.
Lastly, the group's commitment was stressed on continuing growth via a series of new investments already in progress. Amongst these, the new Rolling Mill for long products in Bulgaria with a total annual capacity of 500,000 tons at first stage which is expected to commence operations in 2007, the new Euro 40 Mio investment for the establishment of a new Micro Mill line for long steel products in SOVEL which is expected to operate in 2009 with a capacity of 300,000 tons, as well as the upgrade of CORINTH PIPEWORKS ERW/HFI plant from 24'' to 26''.
As mentioned, all of the above are reflected upon the group's financial performance with the continued growth of the financial results being evident both at the Fiscal Year 2006, as well as at the 1st Semester of 2007 published Financial Statements.
During the roadshow, the group management presented to prime fund managers in a series of meetings, the most important developments of the group's operations in 2007, the financial results, the investment activity as well as the group's prospects and objectives in the near future.
SIDENOR was represented by Mr. Nikos Mariou, Strategic Planning & Commercial Director, Mr. Christophoros Catsambas, CEO of CORINTH PIPEWORKS SA, as well as Mrs. Sofia Zairi Group Investor Relations Officer.
During the presentations, emphasis was given at SIDENOR's leading position in the long steel products market in the Southeast Europe, while focusing as well at the pipes sector, where CORINTH PIPEWORKS is consistently outperforming.
The group's major competitive advantages in the market are its state-of-the-art production facilities which operate on a strong cost base, its extended and well deployed sales & distribution network, its leading position in a region of high growth rates such as the Balkans, as well as the quality and innovation that characterizes the extended portfolio of its 'SD' branded products. All of the above are the result of a 10-year strenuous and strategically selected investment plan of over Euro 470 Mio.
Lastly, the group's commitment was stressed on continuing growth via a series of new investments already in progress. Amongst these, the new Rolling Mill for long products in Bulgaria with a total annual capacity of 500,000 tons at first stage which is expected to commence operations in 2007, the new Euro 40 Mio investment for the establishment of a new Micro Mill line for long steel products in SOVEL which is expected to operate in 2009 with a capacity of 300,000 tons, as well as the upgrade of CORINTH PIPEWORKS ERW/HFI plant from 24'' to 26''.
As mentioned, all of the above are reflected upon the group's financial performance with the continued growth of the financial results being evident both at the Fiscal Year 2006, as well as at the 1st Semester of 2007 published Financial Statements.