The electric steel melting complex Interpipe Steel – the first metallurgical plant built from scratch since Ukraine became independent, was opened in Dnepropetrovsk. President of Ukraine Victor Yanukovich participated in the opening ceremony.
On September 5th the EU ruled to reduce the anti-dumping duties on seamless pipes manufactured ??at Interpipe mills. As such, duties on imports of Interpipe seamless pipes to EU countries decreased to 13.8%.
Interpipe NTRP has passed the audit inspection of the finished railway wheels under the KLW brand, which are being produced specifically for Deutsche Bahn for the first time.
The INTERPIPE Company congratulated all residents of Dnipropetrovsk city and the region by hosting the Metallurgist Day. A series of rock concerts took place on July 20th in all cities where the Company’s production mills are located.
In 2011 INTERPIPE has improved its main financial results in comparison with results of 2010. The sales of pipe and wheel products grew by 10% and 6% respectively. At the same time the revenue grew by 32.7% and EBITDA rose by 86 million US$, reaching 255.5 million US$. This is demonstrated by FY 2011 consolidated financial statements approved by the Board of Directors of INTERPIPE LIMITED (INTERPIPE). Consolidated financial statements of the company are audited by Ernst&Young.