In January-September, Interpipe increased capital investments by 65% YoY, to $45 million. CAPEX in new projects grew 3-fold, to $25 million. Soon the company intends to launch a shop to produce wheel sets for EU and USA at Interpipe NTZ. (Ukrainian metal)
In January-June, Interpipe increased pipe output by 12.8% YoY, to 263.5 thousand tons, while railroad products manufacture dropped by 19.3%, to 82.1 thousand tons. In June, pipe output totaled 57.1 thousand tons (5.13 thousand tons in May) and railroad products – 14.2 thousand tons (13 thousand tons). In H1, Europe accounted for 28% of pipe…
Interpipe Steel has asked the Prime Minister Denys Shmyhal to prohibit the export of scrap until December 31, 2023. “Scrap is the main raw material for our operation. We depend on its availability”, the company said on its page in Facebook. According to it, the scrap procurement in Ukraine is rather complex. In 2020, procurement…
Ukrainian Railways has concluded an agreement with Interpipe NTZ on the delivery of solid wheels valued at 135.66 million UAH. The company has to supply 4,394 railroad wheels at 30,876 UAH apiece ($1,136). In December 2020, Ukrzaliznytsia paid 31,200 UAH per wheel ($1,095). (Ukrainian metal)
In January-May, Interpipe Steel increased steel output by 10.6% YoY, to 368.2 thousand tons. In May, the company produced 86 thousand tons of steel, down from 90 thousand tons in April. In 2020, steel output dropped by 11.2% YoY, to 758.7 thousand tons. (Ukrainian metal)
Interpipe NTZ has won a tender in the Prozorro.Public sales system to supply 4.4 thousand solid wheels to Ukrzaliznytsia valued at 136 million UAH. Wheels have to be delivered until the end of the year. MS Trade Ukraine LLC also participated in the auction offering the wheels of Prommashkomplekt, Kazakhstan, but Interpipe NTZ had the…
Interpipe has concluded a 3-year agreement with the Societe Nationale Industrielle et Miniere of Mauritania on the supply of locomotive wheels with the diameter of 1076 mm according to AAR. SNIM is the sole owner of railroad infrastructure with the length of 704 km. The railroad connects the city of Zuerat with the port city…
In January-March, Interpipe received a revenue of $201 million, down by 20% YoY. EBITDA dropped by 53%, to $40 million, while capital investments grew by 58%, to $17 million. Net debt amounted to $53 million. Railroad sales revenue decreased by 53% and volumes by 32%. (Ukrainian metal)