In 2018 ChTPZ net profit grew 1.9-fold YoY, to 7.7 billion rubles. Sales revenue increased by 13%, to 178.84 billion rubles, and gross profit – by 17.9%, to 44.29 billion rubles. The product prime cost went up by 11.5%, to 134.56 billion rubles. The company fixed liabilities dropped by 5.3%, to 74.2 billion rubles. (Ukrainian…
In 2018 the ChTPZ pipes enterprises – Chelyabinsk Pipe-Rolling Works and Pervouralsky Novotrubniy Works – sold 1.92 million tons of pipes, down by 3.7% YoY. The decrease is due to the completion of large diameter pipes deliveries for the Nord Stream-2 construction. Deliveries to the Russian market grew by 1.2%, to 1.42 million tons, including…
Chelyabinsk Pipe Rolling Plant has provided a loan of 1.14 billion rubles to a company it controls – Meta. The agreement was signed on February 5. The funds have to be returned not later than on June 30, 2020. Meta provides ChTPZ with scrap. (Ukrainian metal)
The systems of the environment management at ChTPZ and PNTZ have been named efficient. SAI Global carried out the audit at ChTPZ and TUV Rheinland – at PNTZ. This year ChTPZ has started a large-scale project on the construction of the wastewater purifying facilities. Investments total 600 million rubles. PNTZ is also modernizing its water…
In October ChTPZ shipped 61.2 thousand tons of metal via railroad, down by 41.4% YoY. In January-October sales reached 931 thousand tons, up by 1.9% YoY. Deliveries to Russian customers totaled 764 thousand tons, up by 18% YoY, while exports fell by 37.2%, to 166.8 thousand tons. (Ukrainian metal)
The city of Chelyabinsk hosted a traditional meeting of MMK and Chelyabinsk Pipe Works representatives. “MMK is our long-time and reliable supplier of metal. The share of MMK sheet in our orders is over 50% each year, and rolled coils – over 70%. Thus, the cooperation with the key partner is very important for us”,…
ChTPZ has concluded agreements on the cancellation of contracts of ChTPZ and PNTZ share pledge with its bank-creditors – Gazprombank and VTB. At present the group has no pledges on its loan portfolio. “The constant work to improve operation, control of our loan pledges and a constructive approach on behalf of the banks allowed us…
ChTPZ will buy 49.813% of shares in Eterno LLC for 5.3 billion rubles from Mountrise Limited. According to the company statement, the shares have to be paid for not later than on November 1. The deal was concluded on September 10. Eterno LLC is the joint project of ChTPZ and Rosnano to produce joint parts…
