Interpipe has concluded an agreement with Ukrgazbank to borrow 37 million euros. The loan will amount to 30 million euros for 5 years, while the renewable loan of 7 million will be provided for 3 years. “Intrepipe has attracted the first loan after the restructure of its debt in October 2019. The loan is intended…
In January-November, Interpipe decreased steel output by 12.6% YoY, to 696.9 thousand tons. Pipes manufacture dropped by 23.3%, to 425.6 thousand tons, and railroad products – by 7.5%, to 174 thousand tons. In November, the company produced 55.6 thousand tons of steel, 37.5 thousand tons of pipes and 13 thousand tons of railroad products. Sales…
In January-September, Interpipe EBITDA amounted to $216.394 million, up by 8% YoY. Revenue dropped by 23%, to $660 million, and capital investments – by 34%, to $27 million. Net debt amounted to $12 million. In Q3, revenue decreased by 12% QoQ, to $192 million, while EBITDA grew by 7%, to $67 million, and capital investments…
Under a long-term contract, Interpipe has started supplying linear pipes to the Abu-Dabi National Oil Company. So far, 26 thousand tons of pipes have been shipped. The pipes will be used to transport oil with high hydrogen sulfide content in the UAE. The order has been fulfilled according to all ADNOC specifications, which are stricter…
Interpipe Steel has completed its annual capital repair. This year, the repair lasted for 12 days, while usually it takes 14 days to carry it out. The company has already resumed operation. (Ukrainian metal)
In January-October, Interpipe increased wheelset output by 14.5% YoY, to 14.8 thousand tons. Railroad axles manufacture grew by 5.7%, to 3.4 thousand tons, and tyres – by 19%, to 1.8 thousand tons. At the same time, Interpipe decrease steel production by 13.9%, to 641.1 thousand tons, pipes – by 24.5%, to 388.1 thousand tons, and…
In January-October, Interpipe Steel decreased steel production by 13.9% YoY, to 541 thousand tons. In October, the company produced 62.8 thousand tons of steel, down by 2.9% MoM. In 2019, Interpipe Steel produced 854.5 thousand tons of steel, down by 4.2% YoY. (Ukrainian metal)
Interpipe investment portfolio in the near term will amount to $100 million. The company plans to finance a number of projects to decrease CO2 emission, improve energy efficiency of the manufacturing process and allow making products corresponding to international standards. According to the company CFO Denis Morozov, the state could also help modernize the industry…