Dillinger Hütte subsidiary EUROPIPE awarded major contract for second Nord Stream pipeline

Nord Stream is a 1,220 kilometer long natural gas pipeline which will connect Russia and the European Union via the Baltic Sea. The second pipeline will also be routed from Vyborg, north-west of St. Petersburg, to Lubmin, Germany. The contract has a total volume of approximately one billion euro, of which 65% has been awarded to EUROPIPE, 25% to Russian pipe producer OMK and 10% to Sumitomo, of Japan. Dillinger Hütte will supply 50% of Europipe's linepipe plate needs for the new line. As Dillinger Hütte chairman Dr. Paul Belche affirms, "This is an important order for Dillinger Hütte and will assure a good portion of our basic capacity utilization level for a number of months".