The sanctions imposed by Russia on the delivery of pipes from Ukraine didn’t have an impact on Interpipe. “Losses from sanctions are not considerable. The products yielding the biggest income in Russia have long been prohibited”, Interpipe CFO Denis Morozov said, adding that there was a duty of 27% on Interpipe pipes on the Russian…
In January-May, Interpipe-Steel decreased steel output by 1% YoY, to 401 thousand tons. In particular, in May the company produced 91 thousand tons of steel, up from 88 thousand tons in April. Round billets manufacture grew by 15% YoY, to 973.8 thousand tons. (Ukrainian metal)
Interpipe Niko Tube has passed the pre-qualification of the supplier to the major American distributor of pipe products Distribution NOW. Last year Tuboscope Vetco at the Distribution NOW request carried out a pre-qualification audit of Interpipe Niko Tube. The results were positive, and the plant received the status of the approved supplier. The certificate is…
Interpipe has certified its own premium inserted joints Interpipe UPJ-F for the correspondence to the ISO 13769 CAL IV. It took the company around a year to develop, test and certify the new product. This is the second premium-class joint developed by Interpipe. Earlier it has mastered the manufacture of a UPJ-M muff joint. Trial…
Interpipe has appointed Andrei Sanin the acting chairman of the board of the Interpipe NMTZ from May 16. Since 2018 he has been a commercial director of Interpipe Vtormet. The previous chairman of the board, Yuri Antipov, who has been serving in the office for 12 years, decided to retire. Sanin has been working with…
From April 1, Interpipe has increased the wages of its industrial personnel by 20% on average. On April 22, the employees received an advance payment with the increase. “Interpipe is one of the largest employers in the region. At our enterprises in Dnepr, Nikolaev and Novomoskovsk we employ 12 thousand people. All the salary is…
In H2 Interpipe will start selling raw railroad axles on Ukrainian and CIS markets with the initial volume of 5 thousand pieces. According to the company statement, the start of sales was made possible to Interpipe NTZ passing all the test stages, receiving the manufacturer’s mark and the certification of the industrial batch of axles.…
Interpipe Holdings Limited (Cyprus) could issue bonds valued at $330 million, with interest rate of 10.25% and maturity until December 31, 2024. The issue will be discussed at the Interpipe NTZ shareholders meeting scheduled for April 25. The company is expected to act as a guarantor of Interpipe Holdings Limited. The notes are expected to…