PJSC Centravis Production Ukraine (Nikopol, Dnipro region), a part of Centravis Ltd. holding, presented two projects to modernize production and expand pipe production for a total of $14.5 million at the Ukraine Recovery Conference (URC2025) held on July 10-12 in Rome.
According to the company’s information in the URC project catalog, the first project concerns the segment of oil and gas tubular goods (OCTG). It involves the development and supply of seamless pipes and stainless steel pipes that meet 25 CRA (corrosion-resistant alloy) standards, with a focus primarily on the fast-growing market for carbon capture and storage (CCS) infrastructure in the United States and Europe.
It is expected that new equipment will be purchased to produce pipes, couplings and casing for CO2 or oil wells in accordance with the API 5 CRA standard. Diameter – from 60 mm to 240 mm, length 11-13 m, wall thickness – in a wide range.
Target market: carbon capture applications in the US and Europe, oil and gas in the US, Europe, and the Middle East.
The scope of work for the project has already been determined, the preliminary tender process for its budget has been completed, and the project is ready for implementation. The equipment is planned to be installed at Centravis’ premises in Nikopol in the hot shop. API 5 CRA licensing is expected by the end of 2025.
The total project budget is $11 million, and $10 million needs to be raised, according to the company. Expected financial indicators: net present value (NPV) – $13.3 million, revenue in 2030 – $45 million, EBITDA in 2030 – $18 million.
The project launch period is two years.
Until 2025, $0.1 million will be invested in the development of the concept and technical design, this year $0.3 million will be needed for design, in 2026 – $4.6 million for construction, in 2027 – $6 million for the start of operation.
The second project is to expand the product range by launching the production of small-sized (4 mm in diameter) seamless stainless pipes with high precision. The project will allow the company to enter the hydrogen, semiconductor, medical, and aerospace industries. It is expected to expand Centravis’ product offering, strengthening its position in the precision tubing market, as this is a highly profitable segment. The target market is America, Europe, Asia, and the Middle East.
The technological parameters of the project include the purchase of equipment to support production.
This project is also ready to be implemented: the scope of work has been determined, and the preliminary tender process for its budget has been completed. The equipment is planned to be installed at the Centravis premises in Uzhhorod. At the same time, it is specified that this project will be developed mainly on its own.
Its total budget is $3.5 million, and $3 million is needed to raise it. Expected financial indicators: net present value (NPV) – $5.5 million, revenue in 2030 – $7.5 million, EBITDA in 2030 – $2.5 million.
The project launch period is two years.
At the same time, $0.2 million should be invested in the project in 2025 for design and construction, and in 2026, funding of $3.3 million will be required to start operations.
As reported, Centravis increased its production of seamless stainless pipes by 12.6% in 2024 compared to 2023, to 13.7 thousand tons. Centravis exported almost all of its products.
The company plans to increase production to 15 thousand tons in 2025.
“Founded in 2000, Centravis is one of the ten largest producers of seamless stainless steel pipes in the world. Its main production facilities are located in Nikopol (Dnipropetrovska oblast). In 2023, the company opened a branch in Uzhhorod.
Centravis Holding Ltd. was established on the basis of Nikopol Stainless Pipe Plant CJSC, service and trading companies of Production and Commercial Enterprise YUVIS LLC. Its shareholders are members of the Atanasov family. Centravis Ltd. owns 100% of the shares in Centravis Production Ukraine.
