Interpipe reported that it is currently implementing three investment projects. The largest of them, worth about $40 mln, is the construction of a new pipe heat treatment section. Two more projects are being implemented in the railroad division at the Interpipe NTZ plant in Dnipro.
Nikopol-based Centravis has planned to modernize its pipe-pressing line in the first half of 2024, which will reduce metal waste in the production process. The volume of investments in this project is about $3.5 million.
First Deputy Prime Minister noted that on the day of the visit to the enterprises in Nikopol and Kryvyi Rih these cities had been shelled by the occupants. Therefore, against this background, information about bold investment plans of Dnipropetrovsk enterprises looks particularly impressive.
According to her, metallurgy has always been a fundamental branch of the Ukrainian economy. Before Russia’s full-scale invasion of Ukraine, the domestic MMC created about 10% of GDP and brought about a third of cash proceeds from all commodity exports. This industry was and still is export-oriented, with more than 80% of metal products shipped abroad.
“The most important thing the government can do now for Ukrainian metallurgy is to ensure unimpeded exports by sea. We have an important achievement in this direction. In September, the first ships with metal traveled through the temporary sea corridor. And in November, we recorded a total increase in exports by sea by 70%. Metal exports are starting to work. This means that metallurgists and miners will have work, and the Ukrainian budget will receive additional taxes. Now we are working on the full unblocking of maritime logistics and launching the mechanism of ship insurance, which is already in place,” Sviridenko summarized, as quoted by the press service.
PJSC Interpipe Novomoskovsk Pipe Plant (Interpipe NMPP, Dnipropetrovsk region) has reduced its net loss by 8.8 times in January-March of this year compared to the same period last year – to UAH 13.248 mln.
According to the interim report of the company, the company reduced net income by 37.3% to UAH 251.985 mln during this period.
Retained earnings by the end of March 2023 amounted to UAH 200.795 million.
As reported, “Interpipe NMTZ” ended 2022 with a net loss of UAH 382.038 million, while in the previous year received a net profit of UAH 175.722 million.
“Interpipe is a Ukrainian industrial company, a manufacturer of seamless pipes and railroad wheels. The company’s products are supplied to more than 80 countries through a network of sales offices located in the key markets of the CIS, Middle East, North America and Europe.
The company has five industrial assets: “Interpipe Nizhnedneprovsky Pipe Rolling Plant (NTZ)”, “Interpipe Novomoskovsk Pipe Plant (NMTZ)”, “Interpipe Niko Tube”, “Dnepropetrovsk Vtormet” and Dneprostal electric steelmaking complex under the brand name “Interpipe Steel”.
The ultimate owner of Interpipe Limited is Ukrainian businessman Victor Pinchuk and his family members.
“Interpipe NMTZ” specializes in the production of welded pipes for the oil and gas industry, machine building, construction and other industries.
According to NDU data for the fourth quarter of 2022, Interpipe Limited (Cyprus) owns 90.3897% of the plant’s shares, while Lindsell Enterprises Limited (Cyprus) has 6.2918%.
The authorized capital of PJSC Interpipe NFTZ is UAH 50 mln, the nominal value of a share is UAH 0.25.
According to the results of January-June of the current year, the Ukrainian industrial company Interpipe transferred almost UAH 1.775 billion to budgets of all levels and extra-budgetary funds, which is 74% more than in the same period last year.
According to the press release of the company on Wednesday, the deductions to the state budget in the reporting period amounted to about UAH 1.289 billion (+130%), to local budgets – UAH 223 million (-5%). Another UAH 263 mln (+17%) was transferred as ERUs.
Serhiy Kuzmenko, Interpipe’s Director for Economics and Finance, noted that despite the difficult situation in Nikopol, the group is making a strong contribution to filling the state coffers, helping to keep the country’s economic front on track.
“Increased production of products with greater added value means the work of thousands of people in the frontline region and further growth in the payment of taxes,” stated Kuzmenko, quoted by the press service.
As reported, Interpipe in the first quarter of 2023 transferred to budgets of all levels and extra-budgetary funds almost 623 million UAH, which is 3% more than in the same period last year. Payments to the state budget for this period amounted to about UAH 406 million (+24%), to local budgets – UAH 107 million (-28%), another UAH 110 million (-14%) was transferred as ERUs.
“In 2022, Interpipe transferred UAH 2.816 billion to budgets of all levels and extra-budgetary funds. At the same time, deductions to the state budget amounted to about UAH 1.74 billion (-7% compared to 2021), to local budgets – about UAH 623 million (+1%). Another about UAH 454 mln (-4%) was transferred as ERUs.
“Interpipe” is a Ukrainian industrial company, a manufacturer of seamless pipes and railroad wheels. The company’s products are supplied to more than 80 countries through a network of sales offices located in key markets in the Middle East, North America and Europe. In 2022, Interpipe sold 384 thousand tons of pipe products and 87 thousand tons of railway products. Railway products are sold under the KLW brand.
Interpipe employs 10 thousand employees. In 2022, the company transferred UAH 2.8 bln to budgets of all levels.
The company’s structure includes five industrial assets: “Interpipe Nizhnedneprovsky Pipe Rolling Plant (NTZ)”, “Interpipe Novomoskovsk Pipe Plant (NMTZ)”, “Interpipe Niko Tube”, “Dnepropetrovsk Vtormet” and electric steel melting complex “Dneprostal” under the brand “Interpipe Steel”.
The ultimate owner of Interpipe Limited is Ukrainian businessman Victor Pinchuk and members of his family.
The international vertically integrated steel pipe and railway wheel company Interpipe in January – March this year increased its net profit by 2.6 times against the same period last year – up to $57.142 mn from $21.779 mn.
According to the interim report of the company on the operating and financial results for the first three months of 2023, its pretax profit amounted to $74.448 million compared to $29.202 million in the first quarter of 2022.
At the same time, Interpipe in January-March 2023 increased its free cash and cash equivalents from $153.777 million on January 1, 2023 to $207.824 million on March 31, 2023 (January 1, 2022 was $109.627 million, March 31, 2022 – $165.561 million).
EBITDA in Q1-2023 amounted to $79.427 million, while in Q1-2022 it was $15.139 million.
At the same time, the company cut its revenue by 4% to $229.291 mln from $239.185 mln.
As it was reported, steel output in January-March 2023 increased by 13% to 184 thnd mt compared to January-March 2022, pipes – by 12% to 105 thnd mt, but the railway production decreased by 13% to 20 thnd mt. The sales of products decreased by 23%, to 108 thousand tons, including pipes – by 20%, to 82 thousand tons, railway products – by 27%, to 19 thousand tons, steel billets – by 50%, to 6 thousand tons.
Net leverage ratio strengthened to 0.7x.
At the same time, the press release noted that in early 2023, production at all Interpipe enterprises was negatively affected by tight limits on electricity consumption by industrial consumers. However, already in March the situation improved due to removal of these restrictions.
Andriy Korotkov, the general director of Interpipe, stated that starting from the middle of the quarter, the company’s plants returned to stable operation, without any “broken” schedules. This made it possible to increase production at the end of the quarter, and in some segments, for example, in the pipe division, to get somewhat closer to the pre-war level.
“Even in difficult military conditions, Interpipe continues to fulfill all orders and delivers products to customers quickly and on time. Significant support is provided by the extension of the cancellation of all quotas and duties on Ukrainian goods by the United States and the EU,” the top manager noted.
“The net profit of Interpipe in 2022 is $204.441 mln, which is 2.2 times more than for the previous year ($91.316 mln). The pre-tax profit for last year was $220.579 million compared to $110.907 million for 2021. The revenue in 2022 decreased by 13.4% to $981.330 million from $1 billion 132.9 million a year earlier. At the same time, Interpipe has increased its free cash flow from $109.627 mln to $153.777 mln during the year.
“Due to the war, in 2022, Interpipe reduced EBITDA by 11% compared to the previous year – up to $204 million. Steel output in 2022 decreased 39% to 595 thousand tons, pipes – by 36% to 393 thousand tons, railway products – by 51% to 84 thousand tons.
Sales of products in the reporting period decreased by 37%, to 524 thousand tons, including pipes – by 36%, to 384 thousand tons, railway products – by 50%, to 87 thousand tons. Its sales revenues decreased by 13% to $981 mln, while net leverage remained at a strong and stable level of 1.1x.
“Interpipe is a Ukrainian industrial company producing seamless pipes and railroad wheels. The company supplies its products to over 80 countries all over the world through a network of sales offices located in the key markets of the Middle East, North America and Europe. In 2022, the company sold 384 thnd mt of tubes and 87 thnd mt of railroad products. The company sells its railroad products under the KLW brand.
Interpipe has 10 000 employees. In 2022 the company transferred 2.8 billion hryvnias to the budgets of all levels.
The company has five industrial assets: “Interpipe Nizhnedniprovsk Tube Rolling Plant (NTZ)”, “Interpipe Novomoskovsk Tube Plant (NMTZ)”, “Interpipe Niko-Tube”, “Dnepropetrovsk Vtormet” and the electric steelmaking complex “Dneprostal” under the “Interpipe Steel” brand.
The ultimate owner of Interpipe Limited is Ukrainian businessman Viktor Pinchuk and his family members.
The international vertically integrated pipe and wheel company Interpipe in January-March this year increased EBITDA by 5.2 times compared to the same period last year – up to $79 million, but reduced revenues from sales by 4% – to $229 million.
According to the first quarter press-release of the company, steel output went up 13% to 184 thsd mt, pipes output increased 12% to 105 thsd mt but railroad products output decreased 13% to 20 thsd mt. In this case, the sales of products decreased by 23% to 108 thousand tons, including pipes – by 20% to 82 thousand tons, railway products – by 27% to 19 thousand tons, steel billets – by 50% to 6 thousand tons.
Net leverage ratio strengthened to 0.7x.
The press-release notes that at the beginning of 2023, production at all Interpipe enterprises was negatively affected by tight limits on electricity consumption by industrial consumers. However, already in March the situation improved due to the removal of these restrictions. As a result, and due to the effect of low comparison base due to last year’s downtime, steel output increased by 13% and tubes – by 12%.
At the same time, Interpipe’s sales continued to decline as external market conditions have already begun to show the first signs of cooling. In particular, the sales of OCTG-pipes (oil and gas variety – IF-U) decreased by 37% and line pipes – by 12%. The fall in the railway division is also continuing and the company is trying to compensate for it by increasing sales to the promising markets of North and South America, the Middle East and the Asia-Pacific region.
The decline in operating performance, in turn, led to a decrease in financial results. Specifically, its sales revenues decreased by 4% to $229 mn, while EBITDA went up 5.2 times to $79 mn, which significantly improved its net leverage to 0.7x.
Andriy Korotkov, Interpipe’s CEO, states that since the middle of the quarter the company’s plants have returned to work steadily, without any “broken” schedules. This made it possible to increase production at the end of the quarter and in some segments, for example, in the pipe division, to get somewhat closer to the pre-war level.
“Even under difficult military conditions, Interpipe continues to fulfill all orders and delivers products to customers quickly and on time. Significant support is provided by the extension of the cancellation of all quotas and duties on Ukrainian goods by the US and the EU,” says the top manager, who is quoted by the press service.
As earlier reported, Interpipe posted net profits of $204.441 million in 2022, which is 2.2 times more than in the previous year ($91.316 million). Last year’s pre-tax profit was $220.579 million compared to $110.907 million in 2021. The revenue in 2022 decreased by 13.4% to $981.330 million from $1 billion 132.9 million a year earlier. At the same time, Interpipe has increased its free cash flow from $109.627 mln to $153.777 mln during the year.
“Due to the war, in 2022, Interpipe reduced EBITDA by 11% compared to the previous year – up to $204 million. Steel output in 2022 decreased 39% to 595 thousand tons, pipes – by 36% to 393 thousand tons, railway products – by 51% to 84 thousand tons.
Sales of products in the reporting period decreased by 37%, to 524 thousand tons, including pipes – by 36%, to 384 thousand tons, railway products – by 50%, to 87 thousand tons. Its sales revenues decreased by 13% to $981 mln, while net leverage remained at a strong and stable level of 1.1x.
“Interpipe is a Ukrainian industrial company producing seamless pipes and railroad wheels. The company supplies its products to more than 80 countries all over the world through a network of sales offices located in the key markets of the Middle East, North America and Europe. In 2022, the company sold 384 thnd mt of tubes and 87 thnd mt of railroad products. The company sells its railroad products under the KLW brand.
Interpipe has 10 000 employees. In 2022 the company transferred 2.8 billion hryvnias to the budgets of all levels.
The company has five industrial assets: “Interpipe Nizhnedniprovsk Tube Rolling Plant (NTZ)”, “Interpipe Novomoskovsk Tube Plant (NMTZ)”, “Interpipe Niko-Tube”, “Dnepropetrovsk Vtormet” and the electric steelmaking complex “Dneprostal” under the “Interpipe Steel” brand.
The ultimate owner of Interpipe Limited is Ukrainian businessman Viktor Pinchuk and his family members.
Ukrainian industrial company Interpipe intends to maintain its position in eastern markets, particularly in Saudi Arabia, India, Turkey and Thailand, according to Interpipe’s corporate Facebook page on Wednesday.
According to the press release, Interpipe took part in the international exhibition Eurasia Rail 2023 together with its Turkish partner Özar Group Railway Systems.
It is noted that this is a major exhibition of the railway industry in the region and one of the largest in the world. Every year the leading rolling stock manufacturers, infrastructure technology suppliers and rail logistics operators of Asia gather on this platform in Istanbul.
“For Interpipe, the Turkish market in particular and the Asian market in general are extremely important. The company has a long history of cooperation with Turkish Railways (TCDD), as well as with logistics operators in other countries in the region, such as Saudi Arabia, India and Thailand,” the Facebook post states.
And it is emphasized that “Our goal is to hold our positions, and participation in the exhibition is a good opportunity to maintain relationships with partners and clients.”
“Interpipe is a Ukrainian industrial company, producer of seamless pipes and railway wheels. The company supplies its products to over 80 countries via a network of sales offices located in key markets in the Middle East, North America, and Europe. In 2022, the company sold 384 thnd mt of tubes and 87 thnd mt of railroad products. The company sells its railroad products under the KLW brand.
Interpipe has 10 000 employees. In 2022 the company transferred 2.8 billion hryvnias to the budgets of all levels.
The company has five industrial assets: “Interpipe Nizhnedniprovsk Tube Rolling Plant (NTZ)”, “Interpipe Novomoskovsk Tube Plant (NMTZ)”, “Interpipe Niko-Tube”, “Dnepropetrovsk Vtormet” and the electric steelmaking complex “Dneprostal” under the “Interpipe Steel” brand.
The ultimate owner of Interpipe Limited is Ukrainian businessman Viktor Pinchuk and his family members.
