Business news from Ukraine

Business news from Ukraine

UKRTRUBOPROM RAISES UP PIPE PRODUCTION

18 February , 2022  

The enterprises of the Ukrtruboprom association increased production of pipes by 2.5 times in January 2022 y-o-y, to 69,200 tonnes.
According to a press release from the association on Thursday, all pipe plants of Ukrtruboprom demonstrated positive dynamics. In particular, Interpipe Niko Tube and Trubostal increased production of seamless pipes by 4.2 times and by 60% respectively, Centravis – stainless pipes by 29%, and Interpipe Novomoskovsk Pipe Plant – electric-welded pipes by almost 14 times.
Heorhiy Polsky, General Director of Ukrtruboprom, said that the favorable situation in foreign markets, associated primarily with rising prices for hydrocarbons, allowed Ukrainian pipe plants to maximize its production capacity.
“Some enterprises have already formed a portfolio of orders for several months in advance. At the same time, high gas prices in Ukraine are still a risk factor, making production of certain types of pipe products economically unfeasible,” the CEO said, whose words are quoted in the press release.

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