Business news from Ukraine

Centravis took part in construction of international experimental thermonuclear reactor

Centravis Production Ukraine, a part of Centravis Ltd. holding company, took part in the construction of the International Thermonuclear Experimental Reactor (ITER) by shipping 1,300 meters of seamless stainless steel pipe for the reactor’s retro-reflectors.

According to the company’s press release on Friday, ITER is considered one of the most complex projects mankind is currently working on.

The project itself was started back in the 1980s. It was discussed and prepared for a long time. Finally, the reactor began to be built in 2020 in the south of France. The project involves 35 countries. The facility is planned to be launched in 2025, and it will reach full capacity in 2035.

According to the plan, ITER will produce clean energy through fusion.

Back in the 50s of the last century, scientists suggested that mankind is able to repeat the fusion of hydrogen isotope nuclei, as in the Sun, and get a lot of energy (1 g of thermonuclear fuel can replace 11 tons of coal).

In addition, no debris is left behind after fusion and it has low radioactivity. This type of plant can be four times more efficient than modern nuclear power plants and safer. But to get such energy, special conditions need to be created. In particular, the temperature is 10 times higher than in the core of the Sun.

“Projects like ITER are created for the future of mankind and it is an honor for us to join the cohort of its executors. We are working to ensure that there are more such orders,” said Centravis CEO Yuri Atanasov, who was quoted by the press service.

Earlier “Centravis” took part in the projects on construction of a new nuclear power plant Hinkly Point C in the UK, the largest fresh water storage in the UAE and others.

Centravis was founded in 2000 and is among the top ten largest seamless stainless steel pipe manufacturers in the world. Its main production facilities are located in Nikopol (Dnepropetrovsk region), in 2023 the company opened a branch in Uzhgorod.

The company employs more than 1400 people.

The geography of the company’s supplies exceeds 50 countries of the world. Currently “Centravis” has offices in the USA, Germany, Italy, Switzerland, Poland, United Arab Emirates. “Centravis” cooperates with Benteler Automotive, Buhlmann Group, Webco – with different companies on different continents.

Centravis Ltd. holding was established on the basis of CJSC “Nikopol Stainless Pipe Plant”, service and trading companies of LLC “Production and Commercial Enterprise “YUVIS”. Its shareholders are members of the Atanasov family. Centravis Ltd. owns 100% of shares of Centravis Production Ukraine PJSC.

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