Centravis Production Ukraine, a part of Centravis Ltd. holding, will invest over EUR3.5 million in the company’s production and development this year.
According to the company’s press release on Tuesday, Oleksandr Hripas, Head of Technical Development at Centravis, said that in 2022, Centravis focused on adapting to work in a full-scale war.
“We managed to quickly rebuild and maintain a high level of production and exports. This year, the team decided to resume investments. In total, we plan to invest over EUR 3.5 million in the modernization and development of production facilities. Most of the investments have been utilized, and the work is ongoing,” he said.
He also clarified that the main areas of investment are energy modernization, primarily energy efficiency measures and reduction of electricity consumption.
The company is strengthening its capabilities to operate in the face of electricity supply restrictions. A process metering system has already been launched, and electricity consumption has been significantly reduced, by up to 30% in some production areas. The company is also working to ensure uninterrupted water supply after the Kakhovka hydroelectric power plant was blown up.
In addition, the company invests in environmental modernization and environmental impact reduction. Thus, the chemical pipe treatment area was reconstructed, a system of specialized software for monitoring chemical indicators was launched, and a water recycling system was set up at certain units of technological equipment.
Investments are also being made in the modernization of non-production infrastructure, which includes the repair of premises, roads, stormwater drainage, roofs, etc.
A separate investment project is the launch and development of a new production facility in Uzhhorod. The company is creating one of the leading centers for the production of tool pipes for cars in Zakarpattia. The company plans to purchase another rolling mill soon, the third one.
The press service reminds that the new facility started operating in February this year and has already reached a production volume of about 255 thousand meters of pipes per month, or more than 60 tons. The main customers are well-known global automakers, including Volkswagen, Audi, BMW, Chevrolet.
“There will be no development without investment. That is why we are looking for investment opportunities despite the difficult operating environment. At the end of the year, we will evaluate the entire scope of work and plan for 2024. It is important not to stop and to provide our customers with the appropriate level of quality and service,” said Yuriy Atanasov, CEO of Centravis, as quoted by the press service.
“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), and in 2023, a branch of the company was opened in Uzhhorod.
The company employs over 1400 people.
The company’s supply geography exceeds 50 countries. Currently, Centravis has offices in the United States, Germany, Italy, Switzerland, Poland, and the United Arab Emirates. “Centravis cooperates with Benteler Automotive, Buhlmann Group, Webco – with various companies on different continents.
Centravis Ltd. holding 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.
