Interpipe has concluded a direct contract for the delivery of railroad wheels to Kazakhstan Temir Zholy (KTZ, Kazakhstan Railways). Under the agreement the company will supply 6 thousand wheels in 2019 and 20 thousand wheels in 2020. Previously Interpipe has never been cooperating with KTZ directly, supplying the wheels to car-repair plants. The suspension of…
Interpipe has finished restructuring its debt with partial writing off, including eurobonds for $200 million with the rate of 10.25% and maturity in 2017. Thus, the company indebtedness decreased to $309.19 million with the rate of 10.25% and maturity in 2024 and the loan of $45.81 million with maturity at the end of 2020. The…
In January-September Interpipe Steel produced 690 thousand tons of steel, down by 6.5% YoY. According to the company, in September steel output totaled 55 thousand tons. In 2018 Interpipe Steel produced 973 thousand tons of steel, up by 13.8% YoY. (Ukrainian metal)
In January-June Interpipe received $125.44 million of EBITDA, up by 37.4% YoY. The pipe segment grew 2.8-fold, to $44.51 million, and railroad wheels – by 62.2%, to $60.23 million. At the same time in steel manufacture EBITDA fell by 49.1%, to $20.01 million. Revenue in H1 totaled $557.17 million, up by 2.7%. In particular, railroad…
Interpipe will issue new foreign corporate bonds valued at $309 million under its debts restructuring of $200 million with maturity in 2017. Moreover the company will also issue 192.058 thousand and 3.086 thousand value-restoring tools (units). All the parties concerned have as of September 27 carried out all the issues stipulated in the restructure agreement.…
Interpipe intends to redirect the sales of pipes, which had to be sold to the state enterprise Ukrgazvydobuvannya, to foreign markets and private Ukrainian gas extractors. “We are a diversified company in the pipe segment. In Ukraine we sell some 20-25% of pipes. We also have a large share on the American, European and Near…
Interpipe and BelAZ have concluded an agreement on strategic partnership, which presupposes that the cooperation between the companies in railroad wheels sphere in 2019-2020 will be expanded. In particular, under the agreement the companies intend to increase railroad wheels deliveries from Ukraine to Belarus to 6 thousand pieces in 2019 and to 20 thousand pieces…
Following the embargo Interpipe has almost completely stopped supplying pipes to Russia. “Hot-rolled pipes deliveries have been completely stopped. We do supply a small batch of cold-deformed pipes, but they are really small, as it is a niche product”, the company CEO Fadi Khraibe said. This year Interpipe has supplied less than 10 thousand tons…