In January-March, Interpipe paid 590 million UAH of taxes to budgets of all levels, up by 4% QoQ. In particular, payments to the state budget amounted to 334 million UAH, to local budgets – 141 million UAH and the single tax payment – 115 million UAH. Last year, Interpipe paid 2.54 billion UAH of taxes.…
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)
In March, Interpipe Steel increased steel output by 35% MoM, to 79.5 thousand tons. In 3 months, the company produced 193.2 thousand tons of steel, down by 10.8% YoY. Last year, Interpipe Steel decreased steel output by 11.2%, to 785.7 thousand tons. (Ukrainian metal)
Interpipe has appointed Vitaliy Pakhomov its human resources director. Pakhomov, who has an over 20-year experience in human resources, started working on April 6. Since 2019 he has been working as the HR director at the state concern Urkoboronprom, comprising of over 100 enterprises with 68 thousand employees. For over 10 years Pakhomov has headed…
Interpipe Niko-Tube will construct a new line of pipe heat treatment. This will allow the company producing pipes according to API 5CT and API 5L. The equipment for the line will be supplied by Danieli SC Officine Meccaniche S. P. A. The capacity of the line will reach 170.27 tons of seamless pipes with the…
Interpipe will increase the wages of its employees on average by 10%. The increase will depend on the division and category. Thus, in pipe and machine-building divisions the wages will grow by 10% from June 1. In railroad division the salaries will also grow by 10%, but in two stages – by 5% from June…
Last year, Interpipe Steel mastered the manufacture of 19 steel grades. In particular, the company learned to produce 14 new steel grades for pipe manufacture and 5 for the transport segment. In 9 years of operation, Interpipe Steel has mastered the manufacture of almost 540 grades. ER7 steel alloyed with sulfur was supplied to MWL…
The US International Trade Commission will impose duties on the import of pipes from Interpipe. The commission explains its decision by the damage to the American manufacturers from the Interpipe dumping while supplying pipes to the country. Interpipe sold pipes at the price 42.2% below the economically justified level. The company supplied around 40 thousand…