Zagorsky Pipe Works has successfully confirmed its certificate of the correspondence of pipe quality to European standards. In late October the company underwent an audit re-certification of products for the correspondence to 2014/68/ЕU as well as AD 2000/W0, 305/2011 Regulation and EN 10219-1. The audit has been carried out in 2 days. The certificate allows…
New seamless pipes capacities of 450,000–500,000 tons that Zagorsky Pipe Works wants to build are excessive for the Russian market, the Fund for Development of Pipe Industry said in a statement. The fund said that combined capacity of all Russian plants stood at 4.1 million tons, and it was loaded by only 70% as of…
Zagorsky Pipe Works and the country’s second largest bank VTB have signed an agreement to build a 35-billion ruble seamless pipelines plant, the bank said. “In accordance with the agreements of the parties, VTB plans to act as a financial investor of a project for construction of a new industrial cluster that will produce seamless…
Zagorsky Pipe Works has received a right to supply pipes according to API made of steel with the strength of X80. Prior to that the company could supply large-diameter pipes with the strength of X70. The audit of the X80 pipes began in February. This year the company planned to export over 50 thousand tons…
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.…
Zagorsky Pipe Works has started fulfilling the order of the sole heating supplier of the city of Tyumen – USTEK. The corresponding contract was signed in early June. ZTZ will supply pipes with the diameter of 530 to 820 mm in polyurethane foam insulation according to GOST 30732-2006. The combined length of the pipes and…
Zagorsky Pipe Works has shipped the first pipes for Gazprom’s Northern supplies. Gazprom will receive 87 thousand tons of large diameter pipes; in particular, ZTZ will produce 1020-1040 mm diameter pipes with the wall thickness of 15-21.6 mm in three-layer outer insulation. Pipes have to be delivered by November. Last year ZTZ supplied over 112…
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…