In January-March 2023, the Ukrainian industrial company Interpipe transferred almost UAH 623 million to the budgets of all levels and off-budget funds, which is 3% more than in the same period last year.
According to the company’s press release on Thursday, payments to the state budget in 1Q2023 amounted to about UAH 406 million (+24%), and to local budgets – UAH 107 million (-28%). Another UAH 110 million (-14%) was transferred as unified social tax.
Sergiy Kuzmenko, Interpipe’s Chief Financial Officer, noted that the company continues to hold Ukraine’s economic front during the war.
“The formula is quite simple: the higher the volume of production and export of finished goods, the higher the total amount of taxes paid. Stably operating Interpipe enterprises provide jobs for 10,000 people in the frontline region and fill the budgets of all levels,” Kuzmenko said, as quoted by the press service.
As reported, in 2022, Interpipe transferred UAH 2.816 billion to the budgets of all levels and off-budget funds. At the same time, payments to the state budget for the year amounted to about UAH 1.74 billion (-7% compared to 2021), and to local budgets – about UAH 623 million (+1%). Another UAH 454 million (-4%) was transferred as unified social tax.
At the same time, Interpipe’s Director of Economics and Finance noted that in 2022, each ton of pipe and railway products produced by the company brought more than UAH 5909 to the Ukrainian budget, which is more than half the previous year’s figure.
“Interpipe is a Ukrainian industrial company that manufactures seamless pipes and railway wheels. The company’s products are supplied to more than 80 countries through a network of sales offices located in key markets in the CIS, Middle East, North America and Europe. Railroad products are sold under the KLW brand.
Interpipe employs 10 thousand people.
The company has five industrial assets: “Interpipe Nizhnedniprovsky Pipe Rolling Plant (NTZ), Interpipe Novomoskovsk Pipe Rolling Plant (NMPP), Interpipe Niko Tube, Interpipe Vtormet and Dnipro Steel, an electric steelmaking complex under the Interpipe Steel brand.
The ultimate owner of Interpipe Limited is Ukrainian businessman Victor Pinchuk and his family members.
