Centravis Production Ukraine (Nikopol, Dnipropetrovsk region), part of Centravis Ltd., produced 13.77 thousand tons of seamless stainless steel pipes in 2025, compared to 13.7 thousand tons in 2024, while in 2023–2024, the company’s annual production growth rate reached 12%.
As Centravis CEO Yuriy Atanasov said during an online press conference on Friday, Nikopol is currently under constant shelling.
“We continue to work in these difficult conditions. And production at the level of almost 14 thousand is an incredible victory. We are improving our financial position and reducing our credit position. We are raising salaries, and the average salary in the company has now reached UAH 39,000,” the CEO said.
According to him, in 2025, the company increased its export share from 90% to 96% and supplied more than 13,000 tons of seamless stainless steel pipes to world markets.
According to the press release, among Centravis’s contracts are cooperation with GE Steam Power, a division of General Electric specializing in equipment for steam power and industrial energy systems; a contract with Ellimetal NV, a Belgian company that processes and supplies high-tech metal solutions for heat exchange and industrial equipment; a contract with RFF Rohr Flansch Fitting, under which Centravis won the competition with leading European manufacturers and supplied pipes for the overhaul of a heat treatment furnace at the Voestalpine Donawitz plant (Austria), as well as a number of other projects.
The main focus is on maintaining and strengthening positions in the global market, working with high-tech customers, and implementing complex engineering solutions.
“For us, it’s not about quantity, but quality. We don’t compete with cheap Indian or Chinese pipes. Our priority is marginal projects with complex technical solutions and increased quality requirements. In this segment, we are able to compete with leading European and American manufacturers,” Atanasov emphasized.
He also recalled that in 2025, Centravis traditionally participated in key global industry events, including Adipec 2025 in the UAE and Made in Steel in Milan.
The press release also states that the economic results of 2025 enabled the company to increase investment in production, fulfill its social obligations, and contribute to Ukraine’s sustainability. Last year, investments amounted to UAH 159.6 million (+13.5%); the amount of taxes and fees paid increased by 24% to UAH 680.8 million; and funding for philanthropic projects reached UAH 11.5 million.
“We hope that 2026 will bring Ukraine lasting and just peace, and we will be able to focus on rebuilding the country, developing production, and exporting products made in Ukraine,” Atanasov concluded.
According to Centravis CFO Alexander Joseph, EBITDA in 2025 amounted to EUR 12 million, which is twice as much as in 2024.
As reported, the company planned to increase production to 15,000 tons in 2025.
Centravis was founded in 2000 and is one of the ten largest manufacturers of seamless stainless steel pipes in the world. Its main production facilities are located in Nikopol (Dnipropetrovsk region). In 2023, a branch of the company opened in Uzhhorod.
Centravis Ltd. was created on the basis of Nikopol Stainless Steel Pipe Plant CJSC and the service and trading companies of YVIS Production and Commercial Enterprise LLC. Its shareholders are members of the Atanasov family. Centravis Ltd. owns 100% of the shares of PJSC “Centravis Production Ukraine.”
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.
Centravis Production Ukraine (Nikopol, Dnipropetrovska oblast, Ukraine), a part of Centravis Ltd. holding, increased production of seamless stainless pipes by 12.6% in 2024 compared to 2023, to 13.7 thousand tons.
This is almost the same growth rate as in 2023, when the company increased production by 12%, Centravis CEO Yuriy Atanasov said during an online press conference on Tuesday. Centravis exported almost all of its products, with exports totaling 13.7 thousand tons.
“Nikopol district is a unique city. It has difficult working and living conditions. And 2024 was another year of escalating hostilities. A huge number of drones are killing our city, targeting the infrastructure to cut off water and electricity. Our constant priority is to resume work after each attack,” said Atanasov.
At the same time, the CEO drew attention to the inadequate response to the situation at the enterprise: “There are a lot of promises, but no concrete actions. There are no decisions on lending to the company, no one is going to provide a commodity loan.”
“The second issue is booking. No one comes to Nikopol. We have constant demands for mobilization, but 50% booking is not enough. And the last problem is litigation with the authorities, with the tax office, regarding VAT refunds. There are court decisions that the government does not enforce, the state ignores the decisions. There are only promises,” the CEO stated.
He clarified that the company cannot refund more than EUR 6 million of VAT to finance its operations. “At the same time, we increase our production by about 10% annually. And we not only survive in such difficult conditions, but also advance our strategic projects.
The company plans to increase production to 15 thousand tons in 2025.
Centravis CFO Alexander Joseph said that the company invested EUR 3 million in production in 2023, EUR 2 million in 2022, and plans to invest EUR 4 million in 2025.
According to the information note, the top 5 countries consuming Ukrainian seamless pipes made by Centravis are Germany, the United States, Italy, Austria, and Spain. In total, Centravis exported its products to 39 countries, including Oman, South Korea, Australia, Uruguay, etc.
“It takes a lot of work to achieve a positive result, and even more to maintain the growth rate for the second year in a row, especially in such a difficult time as now and not far from the front line. But our team gives 100% and even more. That is why we have such results and continue to grow,” said Centravis CEO.
According to him, in addition to quantitative indicators, the company managed to make many qualitative changes and implement interesting and notable projects last year. In particular, Centravis produced 28 tons of pipes by special order for SpaceX. The company also received an order for seamless pipes for a new hydrogen production plant in Ulsan, South Korea. The company continued cooperation with Ferrari, a sports car manufacturer, and completed several large orders for the US market.
Traditionally, Centravis represented the Ukrainian industry with its own exposition at the international exhibition Adipec in Abu Dhabi.
“We are not resting on our laurels. Our medium-term priorities include increasing the share of innovative products in our portfolio, i.e. those that would be protected by intellectual property rights and effectively solve our customers’ problems. We will continue to work and do our best to help the country survive and preserve opportunities for post-war development,” Atanasov said.
Last year, Centravis paid UAH 564.7 million in taxes and duties, or UAH 16 million more than in the previous year.
As reported, in 2023, Centravis increased its production by 12% to 12.2 thousand tons. More than 98% of its products are exported.
Currently, Centravis is one of the world’s ten largest producers of seamless stainless steel pipes.
“Founded in 2000, Centravis is one of the world’s ten largest producers of seamless stainless steel pipes. 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.
In January-March this year, Ukrtruboprom enterprises increased pipe production by 12.6% year-on-year to 142.5 thousand tons.
According to the company’s data on Tuesday, in January 2024, it produced 52.5 thousand tons of pipe products (174.4% compared to January 2023), in February – 41.4 thousand tons (105.1% compared to February 2023), in March – 48.6 thousand tons (85.1% compared to March 2023).
In the first quarter, almost all pipe companies showed positive dynamics. In particular, Interpipe Nico Tube and Trubostal increased production of seamless pipes by 11.5% and 75%, respectively, Centravis increased production of stainless pipes by 13.8%, and Interpipe NMTZ and Ukrtruboizol increased production of electric-welded pipes by 69.2% and 714.3%, respectively. Only Oscar’s pipe production decreased by 43.2%.
Ukrtruboprom CEO Georgy Polsky stated that the positive results of the first quarter of 2024 were primarily due to the low comparison base of the previous year, when the industry operated under strict electricity consumption limits. This led to an increase in production “on paper”.
“In reality, the rate of pipe production is slowing down, and in March, a 15% decline was recorded. The main reason is a significant increase in imports of steel pipes from China to Ukraine at dumping prices, which are supported by Chinese government subsidies,” Mr. Polsky emphasized.
He also added that the US and the EU have recently been actively working to develop and implement protectionist measures that will limit the flow of Chinese goods into their markets. The Ukrainian steel pipe market also needs protection from dumped imports from China, the Ukrtruboprom CEO summarized.
As reported, Ukrtruboprom’s enterprises increased production by 10.2% to 495.6 thousand tons in 2023, but could have done more if the volume of Chinese products in the domestic market had declined.
In particular, Interpipe Niko Tube increased its production of seamless pipes by 13.3%, while Trubostal reduced its output by 42.5%. Ukrtruboizol increased production of electric-welded pipes by 43.8%, while Interpipe NMTZ decreased production by 53.8%. “Centravis increased production of stainless pipes by 11.7%. Oscar’s pipe production decreased by 30.5%.
At the same time, it was specified that in January 2023, the company produced 30.1 thousand tons of pipe products (44.9% compared to January 2022), in February – 39.4 thousand tons (80.4% compared to February 2022), in March – 57.1 thousand tons (1631.4% compared to March 2022), in March – 57.1 thousand tons (1631.4% compared to March 2022). tons (1631.4% compared to March 2022), in April – 42.3 thousand tons (228.6% compared to April 2022), in May – 49.6 thousand tons (96.5% compared to May 2022), in June – 35 thousand tons (67.8% compared to June 2022). In July 2023, the company produced 43.9 thousand tons of pipes (112% compared to July 2022), in August – 41.8 thousand tons (114.5%), in September – 36.9 thousand tons (89.9%), in October – 39.7 thousand tons (98%), in November – 37.2 thousand tons (110.1%) and in December – 42.4 thousand tons (239.5%).
In January-March of this year Ukrtruboprom has increased pipes production by 5.9% in comparison with the same period of the last year – up to 126.5 thousand tons.
According to the Association, this January they produced about 30 thousand tons of tubes (44.9% of January-2022), in February – 39.5 thousand tons (80.4% of February-2022), in March – 57 thousand tons (1631.4% of March-2022).
It is to be noted that the pipe companies showed multidirectional dynamics in the first quarter. In particular, “Interpipe Niko Tube” and NPO with IP “Ukrtruboizol” increased the production of seamless tubes by 21.6% and 7.7%, respectively, while “Trubostal” decreased by 73.3%, “Centravis” – stainless steel tubes by 23.7%, “Interpipe NMTZ” – electric-welded pipes by 89.1%. Oskar pipe production dropped by 16.7%.
Georgiy Polskiy, director general of Ukrtruboprom, noted that the results of the first quarter of 2023, although they look positive at first glance, are deceptive when viewed in more detail: most companies showed a decline in production, and the final 6% increase is only the result of a low comparison base.
“Let me remind you that last March the industry virtually came to a halt due to the large-scale invasion of Ukraine by Russian troops. In any case, we cannot speak of pre-war production volumes in the pipe industry. However, due to the stable conjuncture of foreign markets (although there is a certain slowdown in consumption with some regional changes), the output of pipes is growing every month,” said the general director.
According to him, in this light, the situation with scrap metal supply for seamless pipes producers in Ukraine, who use scrap metal as the main raw material, is of great concern.
Thus, the first quarter of 2023 was characterized by a strong shortage of scrap in Ukraine, the volume of which reached 20% in the MMC as a whole.
“Obviously, this factor led to losses in production at pipe enterprises. Moreover, the situation remains tense, as Ukraine has been experiencing a strategic shortage of scrap for more than 20 years, and there are now no tools to increase scrap production. Exacerbate the situation is a record amount of exports of scrap metal, which is exported from the country without paying duty through non-transparent schemes, which causes damage to the state budget, “- said Polish, quoted by the press service.
As Ukrainian News earlier reported, Ukrtruboprom enterprises in 2022 reduced the production of pipes by 37.9% compared to 2021, to 449.7 thousand tons. Last year all plants showed negative dynamics. “Interpipe Niko Tube” and “Trubostal” decreased the production of seamless pipes by 31.1% and 61.6%, respectively, “Centravis” – stainless steel pipes by 38.3%, “Interpipe NMTZ” – electric-welded pipes by 67.1%. Oskar pipe production dropped by 20%, and only Ukrtruboizol, an NGO with a CI, reached the output level of the year before last. The Dnepropetrovsk pipe plant is idle and is in a state of liquidation.
In January-July of this year, the main pipe enterprises of Ukraine increased output of pipes from ferrous metals, according to recent data, by 21.2% compared to the same period last year, to 569,600 tonnes, including 96,200 tonnes produced in July. The Ukrtruboprom association told Interfax-Ukraine, in particular, that the enterprises of the association during this period increased production of pipes by 23.6%, to 377,700 tonnes. In particular, in July, the enterprises of the Ukrtruboprom association increased production by 81.5% compared to the same period last year, and by 7.3% compared to the previous month, to 70,800 tonnes.
According to Heorhiy Polsky, the General Director of Ukrtruboprom, Interpipe Niko Tube and Trubostal are showing positive dynamics, which over the seven months increased their pipe production by 78.4% and 20%, respectively. At the same time, Centravis reduced production of stainless steel pipes by 8%, and Interpipe Novomoskovsk Pipe Plant reduced production of electric-welded pipes by 33.4%. At the same time, Dnipropetrovsk Pipe Plant continues to be idle.
“The world economy continues to recover after the pandemic, therefore, a favorable situation remains in foreign markets. This allows the enterprises of the association to increase production of seamless pipes for the fifth month in a row,” the General Director of Ukrtruboprom said.
“Separately, it is worth noting the growth in the supply of premium pipe products. Our enterprises take on more orders with complex requirements,” the top manager said.
He also said that since the beginning of the year, all markets have seen an unprecedented rise in prices for raw materials, mainly for iron ore and scrap metal. Producers of welded pipes, which have reduced production since the beginning of this year, still feel the negative impact of the rise in strip prices and cannot resume normal operations.
In turn, a source in the industry told the agency that after pipe-rolling production of Interpipe Nyzhniodniprovsky Pipe Rolling Plant formally became part of Interpipe Niko Tube since April of this year, the statistics of pipe production at these enterprises has changed. According to the updated statistics, there was no pipe production at Interpipe Nyzhniodniprovsky Pipe Rolling Plant in June-July. Whereas at Interpipe Niko Tube, production amounted to 67,600 tonnes last month, and over the seven months the production growth at this enterprise reached 78.4%, to 299,700 tonnes.
Pipe production at Interpipe Novomoskovsk Pipe Plant over the seven months decreased by 33.4%, to 28,900 tonnes (in July, 1,500 tonnes).
Dnipropetrovsk Pipe Plant was idle during this period, while in January-July 2020 it produced 300 tonnes. Centravis cut production by 8%, to 10,300 tonnes of stainless pipes (1,500 tonnes).
Trubostal increased its output by 20%, to 1,200 tonnes of pipes (200 tonnes).
Mariupol-based Illich Iron and Steel Works, which is not part of the Ukrtruboprom association, has increased production of pipes by 10.4, to 91,400 tonnes (in July – 10,700 tonnes), and Kominmet – by 23.9%, to 100,500 tonnes (14,700 tonnes).
