BIG RUSSIAN CONTRACT
ORDER FOR GERMANY MATERIAL FOR BAKU PIPE-LINE BERLIN, Oct. 23. The material for the new pipe-line from Baku to Batum to the value of over £1,000,000 has been contracted for in Germany. The negotiations have it is stated, been carried through by the firm of Otto Wolff, which has shared an order for 51,000 tons of pipes with Mannesmanns and the Steel Trust. Further details of the contract have net yet been disclosed, but it is understood that the Bolsheviks have insisted on long credit. On the other hand, the contractors are stated to be taking the
risk of the transaction entirely on their own shoulders. This is a distinct success for the Bolsheviks, since payment for their latest big orders in this country has in all cases been largely covered by the guarantee of the German Government. It is stated in the Press that the deal will be a welcome relief for the German tube industry, which lately has been hard hit by British and American competition.
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Bibliographic details
Wanganui Chronicle, Volume LXXXIII, Issue 19989, 4 November 1927, Page 7
Word Count
171BIG RUSSIAN CONTRACT Wanganui Chronicle, Volume LXXXIII, Issue 19989, 4 November 1927, Page 7
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