Corinth Pipeworks announces the upgrade of its ERW/HFI plant from 24'' to 26'', by SMS-Meer, a world leading German machinery manufacturer. After the completion of the said investment, which will come into stream within Q3 2008 and incorporates the most innovative solutions in the specific production process, Corinth Pipeworks will have the broadest product range worldwide (outside diameter up to 26'', wall thickness up to 22mm, API HRC up to X80), meeting its strategic goal to further strengthen its leading position as a technologically advanced supplier of the energy industry.
The upgrade of ERW/HFI plant, which remains the world's largest of its kind (400.000 t/y), combined with the capacity increase of the ''two-step technology'' HSAW plant (coming into stream in Q407) aims at meeting the growing needs for oil & gas transmission, while extending its technology edge in both segments and at the same time achieving an optimum economic size.