The ChTPZ Group has started modernizing its oil pipe manufacture. Investments total 200 million rubles.
The machinery modernization will allow the group to double its OCTG output with premium joints.
The program will have been carried out by the end of Q1 2018.
“This investment project will allow ChTPZ to improve quality and increase output. We will continue increasing sales of pipes with premium joints to deposits with complex extraction conditions”, the technical director of the group Kirill Nikitin said.
ChTPZ has been supplying pipes with premium joints since 2012. In 2016 their sales increased by 10% YoY. (Ukrainian metal)