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…
In H2 Interpipe will start selling raw railroad axles on Ukrainian and CIS markets with the initial volume of 5 thousand pieces. According to the company statement, the start of sales was made possible to Interpipe NTZ passing all the test stages, receiving the manufacturer’s mark and the certification of the industrial batch of axles.…
Interpipe Holdings Limited (Cyprus) could issue bonds valued at $330 million, with interest rate of 10.25% and maturity until December 31, 2024. The issue will be discussed at the Interpipe NTZ shareholders meeting scheduled for April 25. The company is expected to act as a guarantor of Interpipe Holdings Limited. The notes are expected to…
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…
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)
The state gas-extracting enterprise Ukrgazodobycha has agreed with Interpipe to buy 31.25 thousand tons of pipes for 1.948 billion UAH. The agreements have been concluded based on the company winning a number of tenders for the delivery of pipes with the total cost of 2.3 billion UAH. The pipes have to be delivered by June…
In 2018 Interpipe paid 2.17 billion UAH to the budgets of all levels, up by 14.8% YoY. In particular, the state budget received some 1.334 billion UAH, and local budgets – 454 million UAH. “In 2018 each ton of our products provided the Ukrainian budget with 2532 UAH”, the company CFO Denis Morozov noted. (Ukrainian…
Ukrtransgaz subsidiary following a tender has ordered Interpipe Ukraine LLC the delivery of pipes valued at 109.19 million UAH. Until June the company has to supply 1,674 tons of welded steel pipes of K55 according to GOST 20295-85 with the diameter of 530×7, 530×8 and 530×10 mm produced by Interpipe NMTZ at 65,239 UAH per…