The company's investments in development in recent years are estimated at about $1 billion
Ukrainian industrial company Interpipe continues to invest in production to maintain competitiveness in international markets. This was stated by the company’s Chief Financial Officer Sergiy Kuzmenko at the Kyiv International Economic Forum (KIEF).
Over the past years, Interpipe has invested about $1 billion in the construction of a modern electric steelmaking complex, Interpipe Steel, which already meets the European Green Deal goal for 2030, as well as finishing lines for the production of finished products. This has opened up new market segments for the company, including pipes with premium connections and wheels for high-speed passenger transportation.
“But despite all the risks of today, including military ones, Interpipe continues to invest. We are a global player in the global market for steel pipes and railway products. We compete with other international players in these markets and cannot simply take a break during the war. We accept the current risks and continue to invest in modernizing production facilities, developing new products, and reducing carbon emissions,” Kuzmenko emphasizes.
In addition, continued investment plays an important role as a long-term motivation for Interpipe employees.
“This is very important right now, because many Ukrainians have left Ukraine since the beginning of the war, especially from cities in the frontline zone, such as Nikopol. We have to bring people back to Ukraine,” stated the CFO.
As reported earlier, over the past 2 years Interpipe has set up more than 200 new types of pipe products for European customers. By expanding its product portfolio, the company has found new customers in such areas as micropiles, fittings and bends, and mobile cranes.
Interpipe is an international vertically integrated pipe and wheel company that ranks among the top 10 seamless pipe producers in the world and among the top 3 producers of all-rolled railway wheels.
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