In January-June, Interpipe produced 43.5 thousand tons of railroad wheels. According to the railroad division director Olexander Garkaviy, 11 thousand of wheel pairs and 2.2 thousand tons of axles were manufactured. “These products are shipped to customers and not used by us. This output considerably exceeds last year’s level,” he said. If the trend persists…
In 2023, Interpipe loading did not exceed 70%. Net revenue amounted to $252.49 million, up from $204.44 million in 2022. Overall revenue grew by 0.7%, to $988.7 million. Steel and pipes manufacture totaled 680 thousand and 395 thousand tons, up by 14.3% and 0.5% YoY respectively, and railroad products – 100 thousand tons. (Ukrainian metal)
In January-March, Interpipe paid 1.186 billion UAH of taxes, up by 90% YoY. Payments to the state budget amounted to 916 million UAH (+126%) and to local budgets – 138 million UAH (+29%). The company also paid 132 million UAH (+21%) of single social tax. Last year, Interpipe paid 4.4 billion UAH of taxes. (Ukrainian…
Despite 2 years of war, Interpipe will raise wages to its employees from March. On average, salary will grow by 20%. Last time Interpipe increased wages was last year. On March 1, 2023, wages grew by 15% on average. Interpipe employs around 10 thousand people. In 2023, the company paid 4.4 billion UAH to the…
Interpipe has resumed shipping steel pipes to Qatar Petroleum, one of the largest oil companies in the Near East. The companies started cooperating in 2020, but after the Russian invasion in February 2022, ship deliveries were suspended. Last year, cooperation resumed, and until the end of the year more than 4 thousand tons of linear…
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…