The board of directors of Chelyabinsk Pipe Plant, or ChelPipe, has approved a new dividend policy, which envisages payments at least twice a year, tied to the net debt to earnings before interest, taxes, depreciation and amortization (EBITDA) ratio as a balancing mechanism for financial sustainability. The company will pay dividends of no less than…
Chelyabinsk Pipe Plant (ChelPipe) has delivered more than 150,000 tons of large-diameter pipes for construction of the linear part of the Turkmenistan–Afghanistan–Pakistan–India (TAPI) pipeline, the company said in a statement on December 25. “ChelPipe Group was the only Russian company to pass all stages of qualification selection and offer the best delivery conditions among 94…
Chelyabinsk Pipe-Rolling Plant, or ChelPipe, has signed a $200-million agreement to sell more than 150,000 tons of large-diameter pipes to Turkmengaz, the company said in a statement on April 8. The pipes will be used in construction of an about 200-kilometer pipeline on the territory of Turkmenistan. The first batch will be shipped in April-June.…
In January-March Chelyabinsk Pipe Works received 608.2 million rubles of net losses against 2.4 billion rubles on net profits in Q1 2016. The group income dropped by 10% YoY, to 24.775 billion rubles. Sales profits decreased to 1.2 billion rubles from 4.3 billion rubles. (Ukrainian metal)
The Chelyabinsk Pipe Works seamless stainless pipes capacities exceed 25 thousand tons per year, with a wide product range. According to the ChTPZ market analysis and trade expansion department chief specialist Maria Semykina, in 5 years the group share in seamless stainless pipes output increased considerably: from 18% in 2012 to 35% in 2016. This…
In 2016 Chelyabinsk Pipe Works sold 1.735 million tons of pipes, down by 16% YoY. The group explains the decrease with the change in supply time to Gazprom and the drop of demand from the traditional pipe consumers. Local ChTPZ sales dropped by 20% YoY, to 1450 thousand tons, while exports grew by 31%, to…
