In January-September Interpipe Steel increased steel output by 13.7% YoY, to 738 thousand tons. According to a company representative, in September production totaled 77 thousand tons. Round billets output in 2017 was 850 thousand tons, up by 38% YoY. (Ukrainian metal)
In early September Ukrzaliznytsia announced a tender to buy tyres for rolling stock valued at UAH 47.7 million. Two companies participated – Interpipe Ukraine and Intervtorprom. Neither decreased their offers, thus raising suspicion. Journalists of the “Railroad without corruption” project found out that the companies often participated in such trades. This time all the documents…
Ukrzaliznytsia (Ukrainian Railways) has ordered Interpipe Ukraine LLC the delivery of tyres valued at UAH 43.92 million. This year the company has to supply 2250 tyres of carbon steel produced by Interpipe NTZ and Huta Bankowa Sp. z o. o. (Poland) not earlier than January 1, 2018. The price of the agreement is 8% below…
Interpipe continues supplying railroad wheels to Russia, even though the EEC has increased the import duty from 4.75% to 34.22%. According to the company CFO Denis Morozov, the Russian market is suffering from the wheel shortage, and the customers are ready to pay any price. “There is now no spare wheels in Russia. The shortage…
Interpipe is conducting negotiations with its creditors on restructuring its $1.25 billion debts. “The negotiations are underway. We have officially stated our suggestions on restructuring. Our creditors are thinking. They are gathering together and discussing our offers”, the company CFO Denis Morozov said on the sidelines of InnoTrans-2018 in Germany. He noted that there were…
Interpipe decided to construct a new line for railroad wheels machining valued at $15 million. The project will result in export increase. The line will contain machinery for the treatment of wheels, a finishing center, a control center, etc. The wheel output will increase by 13 thousand tons, or by 40 thousand pieces per year.…
In July-August Ukrzaliznytisa concluded 27 agreements with Interpipe Ukraine LLC on the purchase of wheels valued at 254.48 million UAH. The cost of most agreements was less than EUR 133 thousand. Interpipe will supply 13547 wheels produced by Interpipe NTZ in 2017-2018 at 19080 UAH apiece. The value of the order is 0.5% below the…
During the meeting with the shareholders Interpipe presented the preliminary plan to restructure its obligations of $1.25 billion. The company, in particular, suggests converting this debt into 6-year eurobonds worth $310 million with 9.35% interest rate, and two loan tranches of $45 million from Ukrainian banks and $45 million from international banks. The rest of…
