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…
During the COVID-19 year, Interpipe has spent 73.5 million UAH to protect its employees. The company helps buy equipment for Dnepr, Nikopol and Novomoskovsk hospitals. Interpipe has also bought 200 thousand facemasks and respirators for its employees, as well as 7.3 thousand liters of antiseptics and conducted over 16 thousand PCR-tests. (Ukrainian metal)
Interpipe has concluded a long-term contract with INVEHO UFO, France for the delivery of railroad carriage wheel pairs. The company has to produce 1530 ULT-25 wheel pairs until September 2022. The pairs will be used to build new cargo carriages. The ULT-25 wheel pairs have been designed by Interpipe specifically for the European railroad. (Ukrainian…
Interpipe NTZ has joined the program to develop environment safety and introduce sustainable development in the city of Dnipro in 2021-2025. The program was adopted by the city council in late January. In 7 years, Interpipe NTZ has spent some 84 million UAH on ecological projects. They key ones were the decrease of CO2 emission…
Denis Morozov has been appointed the first deputy general manager of Interpipe. He will be responsible for the operational issues. Sergey Kuzmenko has become a new Interpipe CFO. (Ukrainian metal)
In 2020, Interpipe transferred 2.54 billion UAH to the budgets of all levels, down by 22% YoY, mostly due to the drop in output. Payments to the state budget decreased by 28%, to 1.56 billion UAH, and to local – by 9%, to 566 million UAH. Each ton of metal produced at Interpipe last year…
In 2020, Interpipe increased the share of exports to 81%. Sales last year amounted to 662.4 thousand tons. Pipe sales dropped by 21%, to 469.9 thousand tons as a result of a decrease in the sales of pipes for oil and gas extraction due to the fall of hydrocarbon prices. Deliveries to the Ukrainian market…
In January, Interpipe Steel turns 9 years old. This is the first metal plant in Ukraine built from scratch during the years of Independence and the largest green investment in the industry ($1 billion). Construction allowed shutting down environment-damaging open-hearth manufacture and decreasing CO2 emission almost 10-fold. The company already corresponds to the standards and…
