Interpipe launch new anti-corrosive coating line for oil and gas pipes
Leading steel pipe and railway wheels producer Interpipe has announced the opening of a new production line at Interpipe NMPP mill. The new line gives Interpipe the capacity to produce pipes with an external anti-corrosive 3-layer coating for both seamless and welded pipes up to 530 mm for oil and gas transportation. Total investment in the project has reached USD $8.5 million.
The new equipment was supplied by the Dutch company Selmers Technology B.V., a global supplier of pipe blasting and coating plants and pipe logistics.
The new line’s production capacity is 400 m² per hour, which is the maximum line capacity for this type of pipe in Ukraine. At the moment, the mill can produce pipes with an anti-corrosive 3-layer coating according to the following standards: DSTU 4219-2003, DIN 30670, GOST R, API 5L, ASTM.
Aleksey Slyusarev, Director of Production and Investments at Interpipe, said:
“The issue of quality is a top priority for pipes used in oil and gas transportation. Interpipe’s investment in new production facilities confirms its commitment both to quality and to serving our customers’ needs. Pipes from the new line will meet the highest requirements in terms of reliability and life-span”
Background information on INTERPIPE
INTERPIPE is a major global producer of steel pipes and 2nd largest producer of forged railway wheels in the world with total revenue of $1.8 bn. in 2007.
Interpipe is an export oriented company with 71% of its revenues derived from export sales in 2007 supplying products to 76 countries around the world. INTERPIPE has a network of sales offices in Ukraine, Russia, Kazakhstan, Europe, the USA and the Middle East.
In 2007 Interpipe mills produced 1,5 million tons of steel pipes and railway wheels.
In 2007 Interpipe produced 62% of its pipes for the Oil and Gas industry, 35% for industrial applications and approximately 3% for mechanical engineering. The company’s production assets are based at three Ukrainian mills in the Dnepropetrovsk region.
The IFRS consolidated financial statements for the year ended 31 December 2007 were audited by Ernst & Young (www.ey.com)
