Interpipe has recorded 11.8% growth in shipment volumes of pipes and wheels in the first six months of 2007 against the same period last year. The growth in the number of pipes shipped totaled 13.3 % (total volume – 638,000 tons) and the amount of wheels shipped grew 4.5 % (115,700 tons shipped).
Commenting on results for the first half of 2007, Alexandr Kirichko, Chief Executive Officer of INTERPIPE said, “the company is progressing in line with business strategy – we’ve increased export sales and maintained our position on the Ukrainian market at the same time with sales growth of 2.2%. We also achieved sales growth of 40% in the Middle East and Northern Africa and sales growth was up 54.5% in the CIS (mainly Kazakhstan, Turkmenistan Uzbekistan, Azerbaijan and Belorussia). Sales volumes in Russia were increased by 18.8% over this time last year.”
INTERPIPE is a global producer of steel pipes and wheels, one of the fastest growing producers in Eastern and Central Europe. With annual turnover in excess of $1.4bn, INTERPIPE produces 2 per cent of the world’s seamless pipes and 12.8 per cent of railway wheels. INTERPIPE has a rapidly growing global business in 76 countries around the world and a network of sales offices in Russia, Kazakhstan, Europe and the USA. In 2007 Interpipe opened a representative office in the Middle East.
Interpipe’s key market is the oil and gas industry. In 2006, approximately 65% of Interpipe’s revenues from the pipe segment were derived from sales to customers operating in the oil and gas industry. In 2006, around 78% of Interpipe’s revenues in the pipe segment were derived from sales of seamless pipe products. According to 2006 results Interpipe is the ninth largest producer of seamless pipes worldwide, the third largest producer of seamless pipes in the CIS region and the largest producer in Ukraine.
A total of 1210, 3 thousand tons of steel pipes and 216,8 thousands tons of railway wheels were produced at Interpipe’s mills in 2006. In sales structure by pipe products, pipes for oil and gas industry make up nearly 59%; pipes for industrial application around 38% and approximately 3% – mechanical.
(Interpipe Press Release)