Centravis Production Ukraine PJSC, part of Centravis Holding Ltd, on the results of January-November of this year reduced the production of stainless tubes by 34,2% compared to the same period of last year – down to 10,600 tons from 16,100 tons.
According to the company’s press release on Wednesday, the company’s production in January-November 2022 was nearly 66% of the previous year’s pre-war level, while in monetary terms the company maintained revenue at 90%.
“Despite the difficult situation in the country and Nikopol, we retained the team, customers and production. None of us prepared for wartime operations, but today everyone has to contribute to the victory. Considering all circumstances, we are proud of our results and will continue to work to support the economy and the state,” Centravis General Director Yuriy Atanasov said, who is quoted by the press service.
The press release reminds that the company is among ten largest manufacturers of seamless stainless tubes in the world. According to the results of 2021 production volume of the company was 19,43 thousand tons. Centravis production is concentrated in Nikopol, which has been under almost daily fire from Russian troops since July this year.
At the same time, the company manages to maintain production and fulfill orders of customers from many countries. As of November, the number of employees exceeds 1,400, which corresponds to the pre-war level.
Centravis employees’ average salary is 7,070 hryvnias, 11 percent higher than the industry average.
“We are looking for opportunities, not causes. We think about where to find raw materials, how to improve logistics and speed up delivery to customers, how to produce better pipes. That’s what we’re influencing. We adapt, we learn, we go to exhibitions, we communicate with customers, we are constantly on the move. Our productivity is up about 17% over last year. The company has become more stable and cohesive, and we believe that we can get through this year normally and do a lot next year,” Atanasov emphasized.
Last year the company implemented a number of large-scale orders for such global companies as Benteler Automotive, LINSTER Edelstahlhandel, Rohr Mertel, Buhlmann Group, Webco, MRC. “Centravis works with such famous automobile brands as BMW, Volkswagen, General Motors. Supplies pipes for nuclear power plants, fresh water storage facilities, the International Thermonuclear Experimental Reactor (ITER) and other landmark projects.
“Centravis is one of the world’s largest manufacturers of seamless stainless steel pipes, founded in 2000. Its production facilities are located in Nikopol (Dnepropetrovsk region). It ranks among top-10 world players and supplies pipes to more than 70 countries from different regions of the world.
Holding Centravis Ltd was created on the base of Nikopol Stainless Tube Works CJSC, service and trading companies of Yuvis Industrial and Commercial Enterprise Ltd. Its shareholders are members of the Atanasov family.
Centravis Ltd. owns 100% of shares of Centravis Production Ukraine PJSC.
