Interpipe NTZ has completed an investment project to modernize a pipe heat treatment site in the pipe-rolling shop No. 4. The cost of the project is $5 million. “The modernization of heat treatment at NTZ is one of our most important investment projects. The existing water supply system was outdated. Now we can increase the…
OTP Bank has sold the rights to demand teh return of the problem loan from Interpipe with a discount of up to 80%. The loan of $10 million was provided in 2013. Lately the company has not been servicing the debt in full. (Ukrainian metal)
Interpipe has held extraordinary meetings of shareholders at its enterprises. In particular, Interpipe Novomoskovsk Pipe Works (Interpipe NMTZ) has been reorganized from the public joint stock company into a private joint stock company. The enterprise has also renewed its statutory documents. Interpipe Nizhnedneprovsk Pipe Works (Interpipe NTZ) has kept the public status, but decreased the…
Shareholders of Interpipe Nizhnedneprovsk Pipe Works have decreased the number of supervisory board members from 7 to 5. The decision was taken at the extraordinary shareholders meeting on December 18. Interpipe Management LLC director, Interpipe Limited CEO Fadi Khraibe, Interpipe Ukraine LLC director Denis Morozov and scientific and research director of Interpipe Ukraine LLC Gennadiy…
In January-November Interpipe increased steel output by 14.5% YoY, to 892 thousand tons. At the same time, in November the company produced 69 thousand tons of steel, down by 19% MoM. Last year the steel round billet output grew by 38% YoY, to 850 thousand tons. (Ukrainian metal)
Shareholders of Interpipe Novomoskovsk Pipe Works intend to turn the enterprise from public joint stock company into a private one. The issue will be discussed at the extraordinary meeting scheduled for December 14. The shareholders also want to renew the statutory documents, as well as documents on the general meeting, supervisory board, revision commission, etc.…
Interpipe is preparing to start mass deliveries of railroad tyres to the CIS countries. For the past several years the main sales market was Ukraine. In particular, the main buyer was Ukrzaliznytsia (Ukrainian Railways). In 2017 Interpripe supplied over 2700 tons of tyres to the Ukrainian market, and in January-September – some 2300 tons. But…
An employee of the pipe-rolling shop at Interpipe Nizhnedneprovsk Pipe Works received a fatal injury. According to the State Labor Service, he violated operational instructions and without switching off the straightening machine got into a spindle rotation zone. The accident happened on November 6. According to the State Labor Service, in 2017, 4.313 thousand people…
