Interpipe intends to increase its export sales by constructing two more railroad car wheel treatment lines.
“Our goal is to increase exports sales: to Europe, USA, Mexico. We would go on investing and increasing our capacities. We have plans for at least two such stages (wheel treatment)”, the company finances and economy director Denis Morozov said.
According to him, Interpipe plans to increase wheel output for exports by 12 thousand tons per year.
On October 31, Interpipe put additional railroad car wheel treatment capacities into operation, increasing its output for exports from 33 to 49 thousand tons per year. Investments totaled $8 million.
At the same time the share of wheels in the total sales has grown by just 2%. Morozov says the wheels are not in demand in Ukraine because there is no high-speed railroad transportation. He said though Interpipe was supplying some 100-200 wheels for Hyundai and Skoda trains per year. (Ukrainian metal)