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…
Interpipe notes a possible decrease in output in April-September by 30-50% due to the drop of oil prices, the decrease of main oil and gas pipes consumers’ activities and the COVID-19 pandemic. “We have several scenarios of operation in Q2-3. According to our estimates, the drop in output could be 30% to 50%”, the company…
In January-February, Interpipe Steel increased steel output by 4.8% YoY, to 138.2 thousand tons. In February, the company produced 72.9 thousand tons of steel, up by 11.6% MoM. Last year Interpipe Steel increased steel output by 4.2% YoY, to 854.5 thousand tons. (Ukrainian metal)
Having successfully restructured its debt, Interpipe retains its plans to invest $136 million in development in 2020-2022 despite unfavorable market situation. “We have such plans. Still, we want to see the changes on the global market. We believe the market has not reacted enough to all the events. It’s still early to make decisions”, the…
Interpipe has developed and tested the new Intrepid-SP joints, specifically designed for the North American market. The joints are used in the construction of horizontal shafts to extract shale oil and gas in hard-to-reach layers. Intrepid-SP can also be used in the development of traditional deposits, but with hard-to-extract reserves. “We continue developing the portfolio…
In 2019 Interpipe paid 3.25 billion UAH to budgets of all levels, up by 50% YoY. In particular, payments to state budget totaled some 2.167 billion UAH (+62%) and to local budgets – 625 million UAH (+38%). Moreover, the company transferred 462 million UAH (+21%) of single social payment. Interpipe taxes are enough to cover…
In January Interpipe Steel decreased steel output by 8% YoY, to 65.2 thousand tons. At the same time compared with December 2019 manufacture grew by 14%. In 2019 Interpipe steel produced 854.5 thousand tons of steel, down by 4.2% YoY. (Ukrainian metal)
In 2019 Interpipe sold 798 thousand tons of metal products, down by 7% YoY. Exports accounted for 76%, while domestic sales dropped from 28% to 24%. Pipe sales decreased by 11%, to 595 thousand tons, mostly due to a drop on the global market in H2 2019. Deliveries of pipes to Ukrainian companies went down…
