Zagorsky Pipe Works and the country’s second largest bank VTB have signed an agreement to build a 35-billion ruble seamless pipelines plant, the bank said. “In accordance with the agreements of the parties, VTB plans to act as a financial investor of a project for construction of a new industrial cluster that will produce seamless…
Zagorsky Pipe Works has received a right to supply pipes according to API made of steel with the strength of X80. Prior to that the company could supply large-diameter pipes with the strength of X70. The audit of the X80 pipes began in February. This year the company planned to export over 50 thousand tons…
In January-June Zagorsky Pipe Works sold 313 thousand tons of pipes, up 1.5-fold YoY. The main customer of the company was Gazprom. ZTZ has successfully finished testing K65 pipes. In 6 months personnel number has dropped from 1669 employees in January to 1528 in June. The company has spent 1.5 million rubles on social projects.…
Zagorsky Pipe Works has started fulfilling the order of the sole heating supplier of the city of Tyumen – USTEK. The corresponding contract was signed in early June. ZTZ will supply pipes with the diameter of 530 to 820 mm in polyurethane foam insulation according to GOST 30732-2006. The combined length of the pipes and…
Zagorsky Pipe Works has shipped the first pipes for Gazprom’s Northern supplies. Gazprom will receive 87 thousand tons of large diameter pipes; in particular, ZTZ will produce 1020-1040 mm diameter pipes with the wall thickness of 15-21.6 mm in three-layer outer insulation. Pipes have to be delivered by November. Last year ZTZ supplied over 112…
Zagorsky Pipe Works has for the first time received its credit rating. According to AKRA rating committee dated May 20, the company rating is “BBB+” with stable outlook. The decision is based on the company strong market position, low debt burden, moderate business profile and corporate management level. “We are satisfied with the debt to…
In May, Zagorsky Pipe Works has shipped the last batch of pipes for this year to be used by Gazprom. The overall volume exceeded 113 thousand tons. The pipe manufacturing campaign was complete in 5 months. Large diameter pipes with the diameter of 1420 mm in three-layer outer insulation accounted for most of the volume.…
In H1 Zagorsky Pipe Works intends to reach the debt to EBITDA ration of 1.0. The company’s main customer is Gazprom. At present ZTZ has orders for 2 years. Almost all orders have been concluded with Gazprom. The latest was for the delivery of 500 thousand tons of large diameter pipes for a Sila Sibiri…
