The ChTPZ group has supplied a batch of pipes for the construction of a system of gas and water pipelines of Amur thermal power plant. The pipes were produced at Chelyabinsk Pipe-Rolling Works and Pervouralsky Pipe Works. The batch had 2500 tons of seamless and welded pipes. The pipes with the diameter of 108 to…
Chelyabinsk Pipe Works has successfully placed an initial issue of eurobonds valued at $300 million with the rate of 4.5% and maturity in September 2024. UK investors accounted for 30%, Russian – 28%, continental Europe – 23%, Asian – 14% and US – 5%. Some 52% of the issue was purchased by asset managing companies,…
Most of the debut eurobonds issued by ChTPZ have been bought by investors from the Great Britain and Russia. ChTPZ placed eurobonds valued at $300 million with the interest rate of 4.5%. Gazprombank, Citi, J.P. Morgan, Societe Generale and Renaissance Capital acted as organizers. UK investors purchased 30% of the issue, from continental Europe –…
ChTPZ Group has started transforming its scrap-procuring division, the Meta Group of Companies. The program will run till 2023 in 2 stages. During the first stage, until 2021, the company will get a new target system of business processes and implement a number of IT-tools to manage and control scrap procurement and processing. The second…
ChTPZ Group and Metalloinvest have held another meeting of the coordination council at UralSteel, where they discussed price, quality and sheet delivery issues. The sheet is used at Chelyabinsk Pipe Works to produce large-diameter pipes. UralSteel is one of the key suppliers of sheet steel to ChTPZ. Last year it shipped 270 thousand tons of…
Chelyabinsk Pipe-Rolling Works will spend all of its 2018 net profit and a part of the profit from the previous years to pay dividends. The decision was taken on June 28 at the annual shareholders meeting. Shareholders and their representatives, owing 97.2715% of shares, participated in the meeting. The total amount to be paid is…
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…
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…
