Interpipe is noting the outflow of qualified personnel. According to the group CFO Denis Morozov, following the Interpipe TechFest in October the situation with technical personnel did not change. “There is an outflow, especially of the key qualified personnel. We are losing these jobs. There are fewer problems with less qualified personnel. But it is…
Following successful restructuring of its debts Interpipe will strengthen its investment program for 2020-2022 with $136 million. “Restructuring has finished as planned. We have been able to agree with our creditors. The issue has been settled. Now we have a reinforced investment program – $136 million for three years”, the company CFO Denis Morozov declared.…
Interpipe had been forced to initiate an antidumping investigation of the imports of seamless hot-deformed steel pipes from China, as they grew 2-fold in 2018 and their share in overall imports increased to 50-55%. “We have felt the threat of the Chinese imports. In 2018 Chinese imports grew 2-fold, to 35 thousand tons, while in…
Interpipe has concluded a direct contract for the delivery of railroad wheels to Kazakhstan Temir Zholy (KTZ, Kazakhstan Railways). Under the agreement the company will supply 6 thousand wheels in 2019 and 20 thousand wheels in 2020. Previously Interpipe has never been cooperating with KTZ directly, supplying the wheels to car-repair plants. The suspension of…
Interpipe has finished restructuring its debt with partial writing off, including eurobonds for $200 million with the rate of 10.25% and maturity in 2017. Thus, the company indebtedness decreased to $309.19 million with the rate of 10.25% and maturity in 2024 and the loan of $45.81 million with maturity at the end of 2020. The…
In January-September Interpipe Steel produced 690 thousand tons of steel, down by 6.5% YoY. According to the company, in September steel output totaled 55 thousand tons. In 2018 Interpipe Steel produced 973 thousand tons of steel, up by 13.8% YoY. (Ukrainian metal)
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.…