Ukraine: Interpipe increases wages by 20%

From April 1, Interpipe has increased the wages of its industrial personnel by 20% on average. On April 22, the employees received an advance payment with the increase. “Interpipe is one of the largest employers in the region. At our enterprises in Dnepr, Nikolaev and Novomoskovsk we employ 12 thousand people. All the salary is…

Ukraine: Interpipe to import scrap

Interpipe may start importing scrap to cover the shortage on the local market. “So far we see only one option – long-term imports”, the company CFO Denis Morozov said. “At the same time, unfortunately, Ukrainian infrastructure is not ready for scrap imports – neither ports, nor railroad”, he added. Scrap is the main raw material…

Ukraine: Interpipe Steel output down in January-February 2019

In January-February Interpipe Steel produced 132 thousand tons of steel, down by 11.4% YoY.

In February 61 thousand tons of steel were manufactured.

Last year the company produced 973.8 thousand tons of steel round billets, up by 15% YoY. (Ukrainian metal)

Ukraine: Interpipe Steel output down in January 2019

In January Interpipe Steel manufactured 71 thousand tons of steel, down by 5.3% YoY.

In December 2018 the output was 82 thousand tons.

In 2018 Interpipe Steel produced 973.8 thousand tons of round billets, up by 15% YoY. (Ukrainian metal)

Ukraine: Interpipe sales up in 2018

In 2018 Interpipe increased sales of pipes and railroad products by 11.7% YoY, to 857 thousand tons. The share of exports was 72%, while that of the domestic market grew from 25% to 28%. Pipe sales increased by 12%, to 668 thousand tons. Deliveries to local market went up by 22%, to 179 thousand tons.…

Ukraine: Interpipe output up in 2018

In 2018 Interpipe Steel produced 873 thousand tons of steel, up by 13.8% YoY.

In December 2018 the output grew by 15.8% MoM, to 82 thousand tons.

In 2017 the company produced 855 thousand tons of steel billets, up by 38%. (Ukrainian metal)

Ukraine: OTP sells Interpipe debts with discount

OTP Bank has sold the rights to demand teh return of the problem loan from Interpipe with a discount of up to 80%.

The loan of $10 million was provided in 2013.

Lately the company has not been servicing the debt in full. (Ukrainian metal)

Ukraine: Interpipe reorganizes pipe works

Interpipe has held extraordinary meetings of shareholders at its enterprises. In particular, Interpipe Novomoskovsk Pipe Works (Interpipe NMTZ) has been reorganized from the public joint stock company into a private joint stock company. The enterprise has also renewed its statutory documents. Interpipe Nizhnedneprovsk Pipe Works (Interpipe NTZ) has kept the public status, but decreased the…

Ukraine: Interpipe NTZ decreases supervisory board

Shareholders of Interpipe Nizhnedneprovsk Pipe Works have decreased the number of supervisory board members from 7 to 5. The decision was taken at the extraordinary shareholders meeting on December 18. Interpipe Management LLC director, Interpipe Limited CEO Fadi Khraibe, Interpipe Ukraine LLC director Denis Morozov and scientific and research director of Interpipe Ukraine LLC Gennadiy…

Ukraine: Interpipe output up in January-November 2018

In January-November Interpipe increased steel output by 14.5% YoY, to 892 thousand tons.

At the same time, in November the company produced 69 thousand tons of steel, down by 19% MoM.

Last year the steel round billet output grew by 38% YoY, to 850 thousand tons. (Ukrainian metal)

Ukraine: Interpipe NMTZ to become private

Shareholders of Interpipe Novomoskovsk Pipe Works intend to turn the enterprise from public joint stock company into a private one. The issue will be discussed at the extraordinary meeting scheduled for December 14. The shareholders also want to renew the statutory documents, as well as documents on the general meeting, supervisory board, revision commission, etc.…

Ukraine: Interpipe to supply tyres to CIS

Interpipe is preparing to start mass deliveries of railroad tyres to the CIS countries. For the past several years the main sales market was Ukraine. In particular, the main buyer was Ukrzaliznytsia (Ukrainian Railways). In 2017 Interpripe supplied over 2700 tons of tyres to the Ukrainian market, and in January-September – some 2300 tons. But…

Ukraine: Interpipe loses employee

An employee of the pipe-rolling shop at Interpipe Nizhnedneprovsk Pipe Works received a fatal injury. According to the State Labor Service, he violated operational instructions and without switching off the straightening machine got into a spindle rotation zone. The accident happened on November 6. According to the State Labor Service, in 2017, 4.313 thousand people…