In January-June Interpipe received $125.44 million of EBITDA, up by 37.4% YoY. The pipe segment grew 2.8-fold, to $44.51 million, and railroad wheels – by 62.2%, to $60.23 million. At the same time in steel manufacture EBITDA fell by 49.1%, to $20.01 million. Revenue in H1 totaled $557.17 million, up by 2.7%. In particular, railroad…
Interpipe will issue new foreign corporate bonds valued at $309 million under its debts restructuring of $200 million with maturity in 2017. Moreover the company will also issue 192.058 thousand and 3.086 thousand value-restoring tools (units). All the parties concerned have as of September 27 carried out all the issues stipulated in the restructure agreement.…
Interpipe intends to redirect the sales of pipes, which had to be sold to the state enterprise Ukrgazvydobuvannya, to foreign markets and private Ukrainian gas extractors. “We are a diversified company in the pipe segment. In Ukraine we sell some 20-25% of pipes. We also have a large share on the American, European and Near…
Interpipe and BelAZ have concluded an agreement on strategic partnership, which presupposes that the cooperation between the companies in railroad wheels sphere in 2019-2020 will be expanded. In particular, under the agreement the companies intend to increase railroad wheels deliveries from Ukraine to Belarus to 6 thousand pieces in 2019 and to 20 thousand pieces…
Following the embargo Interpipe has almost completely stopped supplying pipes to Russia. “Hot-rolled pipes deliveries have been completely stopped. We do supply a small batch of cold-deformed pipes, but they are really small, as it is a niche product”, the company CEO Fadi Khraibe said. This year Interpipe has supplied less than 10 thousand tons…
Additional expenses of Interpipe because of the increase of electricity cost amount to some $1 million per month. The company CEO Fadi Khraibe says de facto there is no electricity market in Ukraine. “The market presupposes competitive demand and supply. But now there is a system that is trying to get closer to the market.…
Interpipe Niko Tube, Interpipe NTZ and Interpipe NMTZ have successfully passed the audit and prolonged the validity of certificates to use the API sign till 2022. The re-certification audits at the plants have been carried out by API specialists. They have inspected the enterprises’ correspondence to API Spec 5CT and API Spec 5L, as well…
Interpipe has successfully passed the Tatweer Petroleum pre-qualification and has been added to the list of trusted suppliers of linear pipes to the Bahrain market. Tatweer is developing several deposits, for which it uses large-diameter pipes. Earlier Interpipe could not supply the pipes to the state company, as it was not included in the registry.…
