Ukraine: Interpipe sales up in Near East

Interpipe has increased pipe sales in the Near East countries. “We have victories at that market. We have made first deliveries to ADCO, UAE. It’s one of the largest Near East companies extracting gas and oil”, Interpipe CFO Denis Morozov has said. Moreover, the company also supplies pipes to Turkish Petroleum. “Recently, a new large…

Ukraine: Interpipe NTZ profit up in 2019

In 2019, Interpipe Nizhnedneprovsk Pipe Works increased net profit 3.5-fold YoY, to 3.652 billion UAH. Undistributed profit as of the end of the last year totaled 3.875 billion UAH. Current liabilities dropped by 22.2%, to 13.567 billion UAH, with fixed liabilities up 4.8-fold, to 2.46 billion UAH, and accounts receivable – by 0.2%, to 13.659…