Russia: ChTPZ to increase exports

ChTPZ group intends to increase sales on foreign markets by participating in international projects. In 2019 the group will have high loading in the large diameter pipes segment. In particular, orders have been received to supply 130 thousand tons of large diameter pipes to Kazakhstan for the construction of the Saryarka gas pipeline. The group…

Russia: ChTPZ H1 2019 revenue to drop

In H1 ChTPZ expects to sell over 900 thousand tons of pipe products. According to the pipe division CEO Boris Kovalenkov, the expected drop of revenue – to 88 billion rubles – will be compensated for in H2. Net debt to EBITDA ration will be 2.5-2.75. Last year ChTPZ pipe division enterprises sold 1.92 million…