Ukraine: OTP sells Interpipe debts with discount

OTP Bank has sold the rights to demand teh return of the problem loan from Interpipe with a discount of up to 80%.

The loan of $10 million was provided in 2013.

Lately the company has not been servicing the debt in full. (Ukrainian metal)

Ukraine: Interpipe reorganizes pipe works

Interpipe has held extraordinary meetings of shareholders at its enterprises. In particular, Interpipe Novomoskovsk Pipe Works (Interpipe NMTZ) has been reorganized from the public joint stock company into a private joint stock company. The enterprise has also renewed its statutory documents. Interpipe Nizhnedneprovsk Pipe Works (Interpipe NTZ) has kept the public status, but decreased the…

Ukraine: Interpipe NTZ decreases supervisory board

Shareholders of Interpipe Nizhnedneprovsk Pipe Works have decreased the number of supervisory board members from 7 to 5. The decision was taken at the extraordinary shareholders meeting on December 18. Interpipe Management LLC director, Interpipe Limited CEO Fadi Khraibe, Interpipe Ukraine LLC director Denis Morozov and scientific and research director of Interpipe Ukraine LLC Gennadiy…

Ukraine: Interpipe output up in January-November 2018

In January-November Interpipe increased steel output by 14.5% YoY, to 892 thousand tons.

At the same time, in November the company produced 69 thousand tons of steel, down by 19% MoM.

Last year the steel round billet output grew by 38% YoY, to 850 thousand tons. (Ukrainian metal)

Ukraine: Interpipe NMTZ to become private

Shareholders of Interpipe Novomoskovsk Pipe Works intend to turn the enterprise from public joint stock company into a private one. The issue will be discussed at the extraordinary meeting scheduled for December 14. The shareholders also want to renew the statutory documents, as well as documents on the general meeting, supervisory board, revision commission, etc.…

Ukraine: Interpipe to supply tyres to CIS

Interpipe is preparing to start mass deliveries of railroad tyres to the CIS countries. For the past several years the main sales market was Ukraine. In particular, the main buyer was Ukrzaliznytsia (Ukrainian Railways). In 2017 Interpripe supplied over 2700 tons of tyres to the Ukrainian market, and in January-September – some 2300 tons. But…

Ukraine: Interpipe loses employee

An employee of the pipe-rolling shop at Interpipe Nizhnedneprovsk Pipe Works received a fatal injury. According to the State Labor Service, he violated operational instructions and without switching off the straightening machine got into a spindle rotation zone. The accident happened on November 6. According to the State Labor Service, in 2017, 4.313 thousand people…

Ukraine: Interpipe Steel output up in January-September 2018

In January-September Interpipe Steel increased steel output by 13.7% YoY, to 738 thousand tons.

According to a company representative, in September production totaled 77 thousand tons.

Round billets output in 2017 was 850 thousand tons, up by 38% YoY. (Ukrainian metal)

Ukraine: Interpipe loses UAH 3.8 million because of journalist investigation

In early September Ukrzaliznytsia announced a tender to buy tyres for rolling stock valued at UAH 47.7 million. Two companies participated – Interpipe Ukraine and Intervtorprom. Neither decreased their offers, thus raising suspicion. Journalists of the “Railroad without corruption” project found out that the companies often participated in such trades. This time all the documents…

Ukraine: Interpipe negotiating debt restructuring

Interpipe is conducting negotiations with its creditors on restructuring its $1.25 billion debts. “The negotiations are underway. We have officially stated our suggestions on restructuring. Our creditors are thinking. They are gathering together and discussing our offers”, the company CFO Denis Morozov said on the sidelines of InnoTrans-2018 in Germany. He noted that there were…

Ukraine: Interpipe sells 250 million UAH worth of pipes

Ukrgazvydobuvannya has ordered Interpipe-Ukraine LLC the delivery of pipes valued at 254.67 million UAH.

In particular, the company has been ordered 4963 tons of various pipes.

The pipes are to be produced by Interpipe Niko Tube, Interpipe NTZ and Interpipe NMTZ. (Ukrainian metal)

Ukraine: Interpipe NTZ chairman fired

The supervisory board of Interpipe NTZ has relieved the chairman of the board Yevgeniy Kopayev of his duties at his request. At present the acting chairman is Sergey Kostenko, the chief engineer of the company. Kopayev’s office ended on June 27. Kostenko has been appointed from June 28. Yevgeniy Kopayev has been the acting chairman…

Ukraine: Interpipe reports Internet-fraud

Interpipe has warned its agents of the Internet-fraud attempts connected with incorrect bank info. “One of our traders has received fake documents with false bank info to pay for the goods. The criminals have created a false e-mail to send out bills with the domain similar to Interpipe’s”, the company reported. Interpipe is aware of…