Ukraine: Interpipe NTZ net income down in 2020

In 2020, Interpipe NTZ decreased its consolidated net income by 35.2% YoY, to 9.471 billion UAH. Consolidated net profit dropped 155.5-fold, to 3.562 billion UAH. Undistributed profit amounted to 3.8 billion UAH. Last year, the company produced 94.136 thousand tons of seamless steel hot-deformed pipes, 171.51 thousand tons of solid railroad wheels and 30.628 thousand…

Ukraine: Dneprometiz income down in 2020

In 2020, Dneprometiz decreased net income by 7.6% YoY, to 1.227 billion UAH. Net loss amounted to 33.968 million UAH as opposed to a net profit of 25.279 million UAH in 2019. Undistributed profit totaled 60.286 million UAH. Accounts receivable dropped by 3.5%, to 147.148 million UAH, while fixed liabilities grew by 22.6%, to 199.633…

Ukraine: Ukrtruboprom appoints new CEO

The board of the Ukrtruboprom association has decided to appoint Georgiy Polskiy new CEO. In 1976-2002, he worked at the Dneprovsky Pipe-Rolling Works. He ended his work there as deputy CEO. Since 2004, Polskiy has been Interpipe NTZ chief engineer. Georgiy Polskiy started working in his new office on April 5. (Ukrainian metal)

Ukraine: Interpipe net dept down in 2020

In 2020, Interpipe improved its EBITDA by 6%, to $273 million. Revenue dropped by 23%, to $865 million, capital investments – by 26%, to $44 million, and net debt to $12 million. EBITDA grew because of the geography and product diversification, as well as the increase of sales of high-added value products. (Ukrainian metal)