Ukraine: terrorists claim having started operation at Khartsyzsk Works

The so-called Donetsk People’s Republic, a terrorist organization, created and supported by Russia, say they have resumed operation at Khartsyzsk Pipe Works. The company resumed operation after the Alchevsk Iron and Steel Works had started operating in full swing. The company is situated in the so-called Lugansk People’s Republic, another creation of Russia’s. Khartsyzsk Pipe…

Ukraine: Donbass terrorists to make AMK and KhTZ work for pipeline creation

The terrorist organizations of the Lugansk and Donetsk People’s Republics, created and supported by Russia, intend to start producing large diameter pipes within the cooperation program of Alchevsk Iron and Steel Works and Khartsyzsk Pipe Works. Both companies are controlled by Vneshtorgservice of the fugitive oligarch Sergey Kurchenko. The electricity line will be repaired soon,…

Ukraine: KhTZ and EMZ supervisory boards appoint new acting CEO

Supervisory boards of Khartsyzsk Pipe Works and Yenakievo Iron and Steel Works have replaced the acting CEO Kirill Avramenko with the chief accountant Tatiana Zaytseva. According to the companies’ information, the matter was discussed on October 4. Zaytseva has been appointed the acting CEO of KhTZ and EMZ since October 5 for an indefinite term.…

Ukraine: KhTZ CEO fired

The supervisory board of Khartsyzsk Pipe Works has terminated the term of office of the company CEO Denis Novikov, having appointed Kirill Avramenko, the deputy CEO of EMZ, instead. According to the company statement, the decision was taken on July 31. Novikov has served as the CEO from May 22, 2015 till July 31, 2017.…

Ukraine: KhTZ fires 41% of employees

In 2016 Khartsyzsk Pipe Works, a part of Metinvest, situated on the temporarily uncontrolled territory of Ukraine, decreased its net losses by 50.7% YoY, to 194.431 million UAH. The company current liabilities increased by 95.6%, to 243.690 million UAH, fixed liabilities dropped by 15.6%, to 79.545 million UAH, while accounts receivable decreased by 10.5%, to…

Ukraine: KhTZ resumes operation

On September 12, Khartsyzsk Pipe Works received orders and resumed operation. “KhTZ periodically receives some small orders from Metinvest companies. Until the end of the month it should produce 5.4 thousand tons of pipes with 630-1420 mm diameter, with 1.2 thousand tons with anticorrosion coating”, said Metinvest in its statement. Still, normal operation of the…

Ukraine: KhTZ increases supervisory board

Shareholders of Khartsyzsk Pipe Works have decided to increase the supervisory board from 1 member to 5. According to the company statement, Yuri Ryzhenkov, Alexander Pogozhev, Julia Dankova, Svetlana Romanova (all top-managers of Metinvest Holding and representatives of Metinvest B.V.) and Ivan Yurchenko (foreign economic activity legal support director of Metinvest Holding) have been appointed…