Interpipe has appointed Vitaliy Pakhomov its human resources director. Pakhomov, who has an over 20-year experience in human resources, started working on April 6. Since 2019 he has been working as the HR director at the state concern Urkoboronprom, comprising of over 100 enterprises with 68 thousand employees. For over 10 years Pakhomov has headed…
Interpipe Niko-Tube will construct a new line of pipe heat treatment. This will allow the company producing pipes according to API 5CT and API 5L. The equipment for the line will be supplied by Danieli SC Officine Meccaniche S. P. A. The capacity of the line will reach 170.27 tons of seamless pipes with the…
Interpipe will increase the wages of its employees on average by 10%. The increase will depend on the division and category. Thus, in pipe and machine-building divisions the wages will grow by 10% from June 1. In railroad division the salaries will also grow by 10%, but in two stages – by 5% from June…
Last year, Interpipe Steel mastered the manufacture of 19 steel grades. In particular, the company learned to produce 14 new steel grades for pipe manufacture and 5 for the transport segment. In 9 years of operation, Interpipe Steel has mastered the manufacture of almost 540 grades. ER7 steel alloyed with sulfur was supplied to MWL…
The US International Trade Commission will impose duties on the import of pipes from Interpipe. The commission explains its decision by the damage to the American manufacturers from the Interpipe dumping while supplying pipes to the country. Interpipe sold pipes at the price 42.2% below the economically justified level. The company supplied around 40 thousand…
Interpipe has announced the launch of a new project “Business-partnership with Interpipe” for the suppliers of materials, equipment and services. The participants who will have the best ideas on the modernization and optimization of processes at Interpipe’s enterprises will be able to conclude a contract and carry out their project. Interpipe is cooperating with over…
Interpipe has supplied a batch of UPJ-F premium pipes to Uzbekistan. The customer was Uzbekneftegaz. This was the first time that the company sold 500 tons of casing pipes to a customer in the CIS-states. In half a year, Interpipe shipped almost 2 thousand tons of various pipes to Uzbekneftegaz. (Ukrainian metal)
In 2020, Interpipe decreased its revenue by 25% YoY, to $841 million. Concorde Capital expects the EBITDA has decreased by 1%, to $257 million, due to the drop in the pipe segment by 85%, to $5 million, and in railroad products by 10%, to $171 million. The fall will be compensated for by a growth…