In order to minimize risks of losing a part of market, Interpipe NTZ is diversifying its clients portfolio by entering additional foreign markets and improving manufacturing processes. Thus, over the part 10 years, the company has entered the markets of Kazakhstan, Turkmenistan, Uzbekistan, USA, UAE, Saudi Arabia, Brazil and India. A problematic issue for the…
In January-September 2023, Interpipe Nizhnedneprovsk Pipe-Rolling Works received a consolidated net profit of 1.183 billion UAH as opposed to a loss of 1.933 billion UAH last year. Net income grew by 65.4%, to 8.685 billion UAH. Undistributed profit amounted to 4.257 billion UAH. (Ukrainian metal)
In January-September, Interpipe Dnepropetrovsk Vtormet received 43.841 million UAH of consolidated profit as opposed to a consolidated net loss of 58.818 million UAH last year. Net income increased by 28.3%, to 3.211 billion UAH. Undistributed profit as of the end of September amounted to 192.715 million UAH. Non-consolidated net profit was 44.657 million UAH as…
The shareholders of Interpipe Dnipro Vtormet intend to take decision to eliminate its revision commission as the management body and replace supervisory board members. The decision will be taken at the extraordinary meeting scheduled for December 20 to be held remotely. Creston Ukraina LLC will be appointed the company auditor. (Ukrainian metal)
In January-September, Interpipe paid 3.185 billion UAH of taxes to budgets of all levels, up by 59% YoY. In particular, tax payments to the state budget amounted to 2.4 billion UAH and to the local budgets – 363 million UAH. The company has also paid 415 million UAH of the unified social payment. (Ukrainian metal)
Interpipe has presented its full line of premium threaded pipe joints of own design – UPJ, UPJ-M and UPJ-F – at the largest energy exhibition in the Near East – ADIPEC-2023 in Abu Dhabi. “In the Near East Interpipe is well known as the supplier of pipes for oil, gas and construction industries. Our premium…
Last year, Interpipe was able to increase sales of niche pipe products to the European Union several-fold. According to the first deputy CEO Denis Morozov, the company used the capacities of its R&D center to benefit from the temporary cancellation of duties and quotas on the European Union market and start producing unique goods for…
In January-June, Interpipe received a net profit of $122.43 million, up from $19.53 million last year. Sales revenue grew by 12.3%, to $518.38 million. Operational profit amounted to $178.29 million, up by 167.8%. Pipe manufacture in Q2 remained unchanged compared with Q1 at 105 thousand tons, while railroad products output grew by 35%, to 27…