ChTPZ group has commissioned a new finishing line for oil pipes with ChTPZ Prime joints at Pervouralsky Pipe Works. The machinery will increase the capacity of the finishing center by 30 thousand tons per year. Investments totaled 300 million rubles. The line comprises two EMAG mills to finish compressor-pump and casing pipes with the diameter…
A company, connected with TMK and ChTPZ, have gained control over the electrometallurgical works in Smolensk region, which could have become a Zagorsky Pipe Works (ZTZ) site to produce seamless pipes. Pervouralsky Pipe-Rolling Plant has become a mortgagee of Parus LLC, owner of the Electrometallurgical Foundry-Rolling Works in Yartsevo. ZTZ intended to produce 400-450 thousand…
ChTPZ will spend 1.66 billion rubles from its net profit in January-September and a part of undistributed profit (1.33 billion rubles) from previous years to pay dividends. The corresponding decision has been taken by the board of directors. The recommended amount of dividends is 5.45 rubles per ordinary share for 9 months of 2019 and…
In January-September the demand for ChTPZ large-diameter pipes grew by 56 thousand tons, or by 2% YoY. In particular, the demand on the domestic market increased by 104 thousand tons, or by 6%, while on the CIS market dropped 3.5-fold, to 213 thousand tons. Exports to far countries went down by 39%, or by 246…
The ChTPZ Group has started carrying out a project to create a manufacture of seamless stainless pipes for nuclear power plants steam generators. The project presupposes the commission of new and modernization of existing capacities at Pervouralsk Pipe Works valued at 780 million rubles. A new line of pipe finishing will be created at the…
ChTPZ group has supplied products to the Titan Group of Companies, a Russian manufacturer and seller of oil and chemical wares. The ChTPZ warehouse has shipped 170 tons of seamless hot-deformed pipes with the diameter of 57 to 325 mm and the wall thickness of 4 to 8 mm to the customer. The pipes will…
During the official visit of the president Vladimir Putin to Saudi Arabia, ChTPZ Group has concluded a memorandum of cooperation with local corporations. In particular, the memorandum was signed with Lamar Saudi United Holding Company. Under the agreement the parties will determine terms and volumes of deliveries to the Near East, creation of a joint…
ChTPZ Group has received a status of ACCA-accredited employer. ACCA is the association of financial and accounting specialists. The partnership confirms the high quality of professional training of employees in the sphere of finances and accounting. ChTPZ has become the first ACCA-accredited employer among pipe manufacturers. (Ukrainian metal)