Russia: ChTPZ delivers first pipes for the Arctic shelf

The ChTPZ group has delivered a batch of compressor-pump pipes for the arctic oil extraction at the Prirazlomonye deposits. The unique products were manufactured at the Pervouralsk Pipe Works. The batch includes 115 tons of sulfuretted hydrogen-resistant pipes of the high strength group with premium joints ChT-VT and ChT-VC. “The special climate conditions of the…

Russia: ChTPZ profits up in 2016

In 2016 the net profit of ChTPZ group increased by 5.7%, to 6.357 billion rubles. According to the company statement, its revenues dropped by 9% YoY, to 135.456 billion rubles, EBITDA – by 3%, to 27.9 billion rubles. The net debt of the group decreased by 9.9 billion rubles, or by 76.2 billion rubles, to…

Russia: ChTPZ starts supplying to Africa

The ChTPZ group has made a trial delivery of large diameter pipes (LDP) to Africa. The company has supplied over 2 thousand meters of LDP for the Ain Sukhna Product Hub liquefied gas transportation and storing project in Egypt. The pipes with the diameter of 711.2 mm and the wall thickness of 12.7 mm made…

Russia: ChTPZ to increase CPP output

The ChTPZ Group intends to increase compressor-pump pipes with externally upset ends output from 18 to 35 thousand tons per year. The increase of capacities has been made possible thanks to the modernization program at the Pervouralsk Pipe Plant. The modernization saw the replacement of parts at pipe cutting-mills, etc. The Pervouralsk Plant produces CPP…