Following a tender, Ukrzaliznytsia has ordered Interpipe NTZ the delivery of wheels valued at 215 million UAH. This year, the company has to supply 5,621 solid railroad wheels with the diameter of 957 mm and ultrasound check at 38,220 UAH apiece ($1,045). The wheels will be delivered on FCA terms with the payment within 5…
In 2022, Interpipe NMTZ received 382.038 million UAH of net loss, as opposed to a net profit of 175.722 million UAH in 2021. According to the information prepared for the annual meeting of the shareholders scheduled for April 28, to be held remotely, the undistributed profit in 2022 amounted to 198.491 million UAH. This year,…
In 2022, Interpipe Dneprovskiy Vtormet received 10.28 million UAH of net losses as opposed to a net profit of 14.23 million UAH in 2021. According to the information prepared for the annual shareholders’ meeting scheduled for April 27, undistributed profit last year amounted to 179.81 million UAH. In H1 2022, the company processed 87.7 thousand…
In 2022, Interpipe paid 2.816 billion UAH of taxes to budgets of all levels, down by 5% YoY. The drop was mostly due to the decrease in output. In particular, payments to the state budget amounted to 1.74 billion UUA (-7%) and to local budgets – 623 million UAH (+1%). The company has also paid…
On March 9, following a tender Ukrzaliznytsia ordered Interpipe NTZ tyres for 194 million UAH. The company has to supply 3602 tyres for trains. They have to be produced from October 2022 till March 2023. The manufacturer must be Interpipe or Huta Bankova. Tyres must be paid within 5 bank days. Prices are 7-15% higher…
Despite the war, from March 1 Interpipe will increase wages of its employees on average by 15%. The decision will cover all employees in Dnipro, Nikopol and Novomoskovsk. According to CEO Andrei Korotkov, for almost a year the company has been living and operating in the conditions of a full-scale war and has experienced considerable…
Interpipe Dneprovskiy Vtormet intends to expand its scrap sales markets by attracting new iron and steel works in its customer base. The main risks for the company during the war are unstable economical situation in the country, competition, drastic scrap price decrease and the shortage of raw materials. The company also notes manufacturing risks linked…
In January-September 2022, Interpipe decreased steel manufacture by 36.3% YoY, to 463 thousand tons. Pipes output dropped by 30.2%, to 309 thousand tons, and railroad products – by 49.6%, to 64 thousand tons. In Q3 2022, the company produced 177 thousand tons of steel (+43.9% QoQ), 105 thousand tons of pipes (-4.5%) and 24 thousand…
