Interpipe

Wednesday, November 13

A Ukrainian pipe manufacturer invests $1B to maintain competitiveness in the global market. Over the past several years, Interpipe, a Ukrainian producer of pipes and railway wheels, has invested about $1B in the construction of a modern electric steelmaking complex – Interpipe Steel, which a...

Tuesday, October 1

Despite their proximity to the front, Interpipe and Nibulon continue to invest in capacity expansion. According to Interpipe’s top manager Denys Morozov, the company is opening a new heat separation plant in Nikopol, investing $40M, and has many more plans for the future. The company’s pro...

Friday, May 24

Ukrainian businesses cite the risks of discontinuing currency liberalization measures. As stated by analysts, the continuation of currency liberalization is absolutely necessary. Expanding the established limits and conditions for paying dividends and interest on existing debts remains ...

Friday, February 9

A Ukrainian company has resumed supplying pipe for one of the largest oil-producing companies in the Middle East. The Interpipe company has resumed the supply of steel pipes to Qatar Petroleum, one of the largest oil-producing companies in the region. Interpipe began cooperating with Qatar Petroleum in 2020, but ...

Tuesday, August 29

A Ukrainian pipe and railway wheel manufacturer is resuming efforts on several investment projects. Andriy Korotkov, CEO of Interpipe, said that since the beginning of the war the company was forced to halt all major investment projects. The largest of them is the construction of a new section of he...

Ukrainian pipe giant Interpipe’s capacities are at 60-70% of pre-war indicators, but production is increasing. The company expects to maintain this level until the end of 2023, said the company’s CEO, Andriy Korotkov. He specified that the situation with unloading in the pipeline and railway divisions is...

Friday, July 1

Interpipe’s EBITDA fell by 63% in the first quarter. One of Ukraine’s largest steel producers, Interpipe, experienced a 63% year-over-year drop in EBITDA to $15M due to the war and production cuts. In the first three months of the year, steel productio...

Wednesday, March 2

Pinchuk’s Interpipe has launched the production of anti-tank hedgehogs. The Ukrainian industrial company Interpipe has produced 96 anti-tank hedgehogs in two days, and they have already been delivered for the construction of fortifications. Furthermore, together with the ...

Wednesday, February 16

Interpipe plans to increase the procurement of scrap metal. The scrap processing company Interpipe Vtormet, part of the Ukrainian industrial company Interpipe, intends to increase scrap metal procurement at its facilities, through the dismantling of facilitie...

Thursday, December 23

Interpipe has become the largest importer of seamless linear pipes to the EU market. Ivan Mazanka, Director of Pipe Sales to Europe, announced that “Interpipe has become the largest importer of seamless linear hot-rolled pipes to the EU market in the last few years. As a result, we su...

Wednesday, September 22

Interpipe will invest $1 mln to increase the production of pipes for mechanical engineering. “With the help of this equipment, the company will be able to gain a foothold in a new segment. Interpipe supplies the bulk of pipes for mechanical engineering to Europe, the Middle East, and the CIS”...

Friday, June 25

Responding to high world steel prices, Interpipe has increased its production of steel and steel products by 10.6% yoy, the company reports. From January to May, Interpipe produced 368,200 tons. Top sales regions are: Europe — 29%; Middle East North Africa — 25%; Ukraine – 17%; CIS – 12%; and North America ...

Wednesday, May 19

Interpipe, the steel pipe and Wheel Company, successfully returned to international capital markets last week, completing the placement of $300 million worth of Eurobonds, maturing in 2026. The coupon rate is 8.375% per annum. Fadi Hraibi, director general of the company, said that the bonds, now listed on the...

Tuesday, August 25

Steelmaker ArcelorMittal has transferred 50 million tons of slag to the government for the national road construction program Steelmaker ArcelorMittal has transferred 50 million tons of slag to the government for the national road construction program, reports Interfax-Ukraine, citing the company. Earlier this year, Arcelor ...

Interpipe, Ukraine’s largest pipe and wheel producer, will redeem at par 97 million of its 2024 notes this week Interpipe, Ukraine’s largest pipe and wheel producer, will redeem at par 97 million of its 2024 notes this week, according to the company.

IKEA Ukraine plans to offer 5,000 items in its first physical store in Kyiv IKEA Ukraine plans to offer 5,000 items in its first physical store in Kyiv, says Florian Melle, Ukraine director of Ikea. He said: “A city-format store will open in Kyiv without a food department and...

Energy traders imported 345,000 megawatts of electricity in the first quarter of 2020 Energy traders imported 345,000 megawatts of electricity in the first quarter of 2020, reports NERC. The imported electricity was from Slovakia, Hungary, Romania and Belarus.

New car imports are down 36% y-o-y New car imports are down 36% y-o-y, reports Ukrinform citing Ukravtoprom. The average value of an imported new car is $19,300. Japanese vehicles are the most popular.

Passenger transport is down 56.2% y-o-y Passenger transport is down 56.2% y-o-y, reports the State Statistics Service. Rail was down 58.2%. Motor transport was down by 44.3%.

There have been no combat losses in the eastern regions for the past 29 days There have been no combat losses in the eastern regions for the past 29 days, Zelenskiy said during his Independence Day speech. “A year ago, I talked about how every morning starts with an SMS messag...

The IMF has yet to set a date for the review of the Standby Agreement, a review that was to be in September. The IMF has yet to set a date for the review of the Standby Agreement, a review that was to be in September. IMF Ukraine representative Goesta Ljungman tells Hromadske that while “discussions on the i...

Ukraine received in June a first $2.1 billion tranche Ukraine received in June a first $2.1 billion tranche of what is to be a $5 billion loan program.

Prime Minister Shmygal says he expects Ukraine will receive the second tranche by the end of this year Prime Minister Shmygal says he expects Ukraine will receive the second tranche by the end of this year. Some economic analysts say the IMF switched to observation mode after President Zelenskiy unexpe...

International reserves reached a new high this month at $28.8 billion International reserves reached a new high this month at $28.8 billion, according to the National Bank of Ukraine. Boosted by the IMF tranche, this is the highest level in eight years.

Mykolaiv’s shipbuilding industry is to be revived with a government program designed to create 25,000 new jobs Mykolaiv’s shipbuilding industry is to be revived with a government program designed to create 25,000 new jobs, President Zelenskiy and David Arakhamia, leader of the Servant of the People Rada, promi...

The government promises “a national program to support shipbuilding, cheaper credit resources,” The government promises “a national program to support shipbuilding, cheaper credit resources,” Arakhamia said. Later on Friday, Oleh Uruskyi, Minister for Strategic Industries visited the Okean shipy...

Business education for combat veterans and soft loans for veteran-owned startups are government priorities Business education for combat veterans and soft loans for veteran-owned startups are government priorities, President Zelenskiy said during an International Volunteer and Veterans Forum in Kyiv. “It&#...

With the minimum monthly wage set to rise to $182 (UAH 5,000) next Tuesday, Zelenskiy says the budget can “definitely support” the hike With the minimum monthly wage set to rise to $182 (UAH 5,000) next Tuesday, Zelenskiy says the budget can “definitely support” the hike. On July 1, the minimum wage is to increase by 30%, to UAH 6,500...

Grain sales were down 18% yoy in July, Grain sales were down 18% yoy in July, reports UNIAN citing the Ministry of Economic Development, Trade and Agriculture. Due to bad weather, much of the harvest is late.