Russia: ZTZ sales up in H1 2019

In January-June Zagorsky Pipe Works sold 313 thousand tons of pipes, up 1.5-fold YoY. The main customer of the company was Gazprom. ZTZ has successfully finished testing K65 pipes. In 6 months personnel number has dropped from 1669 employees in January to 1528 in June. The company has spent 1.5 million rubles on social projects.…

Russia: ZTZ gets first credit rating

Zagorsky Pipe Works has for the first time received its credit rating. According to AKRA rating committee dated May 20, the company rating is “BBB+” with stable outlook. The decision is based on the company strong market position, low debt burden, moderate business profile and corporate management level. “We are satisfied with the debt to…

Russia: ZTZ gets Gazprom approval

Zagorsky Pipe Works has received positive report of Gazprom on supplying pipes with outer coating on the basis of Russian-made materials only. This is the first time that ZTZ has mastered such a combination of materials. Earlier it used the imported and Russian materials to make corrosion-resistant coating. “This is the first major result of…

Russia: ZTZ gets new managing director

Andrey Lyaskovsky, who has previously headed the development block of the company, has been appointed the managing director of Zagorsky Pipe Works. His main tasks are to improve efficiency of the company operation, synchronize manufacturing and logistics processes, as well as increase the share of the autonomous operation. Sergey Toropov, the previous managing director, has…