Mannesmann Boru wins tender worth $53 million
According to recent news in the market, Mannesmann Boru, which is about to merge with Borusan Boru has recently won a tender worth $53 million in
Israel.
The tender was held for the project regarding establishment of a 300 km gas pipeline between Haifa and southeast
Israel.
According to the terms of the tender, Mannesmann Boru will supply high quality spiral pipes, worth $53 million for 3 years.
The first phase of the project, which is expected to be completed in 2005, will generate revenues of $20 million.