Russia: ChTPZ earnings up in H1 2017

In January-June ChTPZ Group received 72.566 billion rubles, up by 6% YoY. Gross profit decreased by 21%, to 17.297 billion rubles, EBITDA – 11.001 billion rubles. In H1 the group profits totaled 2.101 billion rubles (5.81 billion rubles in H1 2016). In January the group was able to refinance its consortium loan of 75.689 billion…

Russia: ChTPZ modernizing oil pipe manufacture

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.…

Russia: ChTPZ to supply pipes to Georgia

ChTPZ Group will supply some 400 tons of steel pipes and over 25 tons of offsets to the Georgian Gas Transportation Company. The batch will include large diameter welded pipes, as well as seamless hot- and cold-deformed pipes and 60 types of offsets. All the products will be supplied in July. The pipes will be…

Russia: ChTPZ and Siemens announce strategic partnership

ChTPZ Group and Siemens have concluded an agreement on strategic partnership for 5 years. The document has been signed by ChTPZ pipe division CEO Alexander Grubman and Siemens president Dietrich Moeller. The agreement presupposes joint realization of projects of industrial automatization and implementation of complex energy efficient solutions at ChTPZ. One of the main issues…

Russia: ChTPZ to supply pipes for Indian NPP

The ChTPZ group will supply a batch of seamless stainless pipes for Belenergomash-BZEM. The pipes will be produced at Chelyabinsk Pipe Works and intended for pipelines of Kudankulam nuclear power plant in India. The products will be shipped in Q3. Under the contract ChTPZ will supply 80 thousand tons of 325-426 mm diameter and 12-16…