12.12.18
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HELLENIC PIPE WORKS
    
MARMARA KABALAS
    
Since 1993 MICHANIKI S.A. has expanded its activities in the industrial sector with an eye for synergies and vertical integration.


HELLENIC PIPE WORKS S.A.

In 1994 Michaniki bought the shares of Ifestos S.A. which in turn had purchased the assets of copper pipes manufacturer Athens Pipe works S.A. Ifestos was given a new corporate name - Hellenic Pipe works S.A.Since then Hellenic Pipe Works S.A is one of the most important subsidiaries of Michaniki SA with significant sales exporting activities of its products.

MARMARA KAVALAS S.A.


In early 2000 Michaniki bought a majority 60.2% stake in Kavala Marbles S.A. investing 1.5 billion drachmas (4.4 million euros). The company's output includes processed marble slabs, tiles as well as unfinished marble slabs. Michaniki's current stake is 77%.