Ukrainian steel pipe and railway wheel producer Interpipe has announced that it has started an investment project to increase its production capacities of OCTG with premium threaded connections. Total investment value of the project will be $14 million.
According to Interpipe’s statement, it has signed a contract with Spain-based equipment provider Danobat for the supply of machine tools for a new threading line for cutting the threaded connections for OCTG. The new line’s capacity will be about 70,000 mt of casing with premium connections per year. The line will be built at the Interpipe NTRP mill in Dnipro, a part of Interpipe, and the commissioning of the line is scheduled for 2019.
Denis Morozov, Interpipe’s CFO, stated that the main objective of this investment project is to boost the production of OCTG with UPJ-M premium connections, and added that, after the completion of this project, the company will be able to drive up the supply of these premium products to the Ukrainian market, and to start exporting such products to the markets of America, the Middle East, and the CIS as well.