Doing business
Ukrainian industrial company Interpipe in June this year completed the delivery of a trial batch of special thick-walled pipes for the Australian manufacturer of premium drilling equipment Harlsen Industries. This is stated in the press release Interpipe.
The order with strict requirements for the quality of pipes was executed in cooperation with a German partner. For shipment and customs clearance of products to Australia, the company attracted logisticians from the Netherlands.
«The Australian client has been buying pipes in the European Union for years, but decided to pay attention to manufacturers from other regions. Interpipe is already known in the world, we were invited to cooperate, the customer is impressed by our position on sustainable development and an integrated supply chain. This order proved difficult. The production and logistics process was not typical, so partners in Europe were involved. For the client, a very important factor is the quality of the final product, because the safety of operation depends on it. At the same time, successful execution of this order can open doors for the Company to other consumers in Australia, «said Ivan Mazanka, Director of Sales of Interpipe Pipes to European Markets.
In 2023, Interpipe sold 387 thousand tons of pipe products and 95 thousand tons of railway products. During the year, the company transferred UAH 4.4 billion to the budgets of all levels, which is a record amount of taxes and fees paid.
In addition, despite the severity of doing business in war conditions, from March 1, 2024, the company announced an increase in wages of employees at factories in Dnipro, Nikopol and Novomoskovsk by an average of 20%.
At the same time, this year’s results are under threat due to problems with energy supply, lack of personnel due to mobilization and other factors.
In particular, on June 1, 2024, CMU Resolution No. 661 amended the «Regulation on the peculiarities of electricity imports under the legal regime of martial law in Ukraine,» which obliges Ukrainian producers to buy at least 80% of electricity in the EU at a European price in order to avoid forced restriction of electricity supply. Such a decision of the Government of Ukraine can lead to numerous negative consequences for the domestic industry as a whole. Previously, this proportion was 30/70.
Interpipe is a Ukrainian industrial company, a manufacturer of steel pipes and railway products. The company’s products are delivered to more than 50 countries through a network of sales offices located in key markets of the Middle East, North America and Europe.
Source: https://gmk.center