Interpipe Group
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| Corporation/Holding company | |
| Founded | 1990 |
| Founder | Oleksandr Dementiyenko, Viktor Pinchuk, Mykhailo Scheholevskyi, Dragan Djordjevic |
| Headquarters | Dnipropetrovsk, Ukraine |
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Area served
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International (invests in industries of different countries) |
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Key people
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Viktor Pinchuk, Gennady Gazin |
| Services | Asset management, investment, trading and consulting |
| Revenue |  $1.8 billion |
| $256 million |
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| Owner | Oleksandr Dementiyenko, Viktor Pinchuk, Mykhailo Scheholevskyi |
| Website | www |
Interpipe Group, or simply Interpipe (Ukrainian: Науково-виробничо-інвестиційна група "Інтерпайп"), is the influential Ukrainian metallurgical mill company founded and mostly owned by the local business oligarch Viktor Pinchuk. who is the son-in-law of controversial Ukrainian politician, Leonid Kuchma.[1] The group focuses on the steel industry (particularly rolling), although indirectly controlling assets in various fields of industry, services and media. Interpipe is a globally important player in metal pipe (hence the name), steel wheels and ferroalloys markets.[2]
Interpipe is owned by Pinchuk’s EastOne Group which manages all Ukrainian assets.[3] Companies of the Interpipe Group are mostly situated in the Dnipropetrovsk Oblast of Ukraine.
In July 2013 Interpipe entered a business conflict with the Privat Group, also based in Dnipropetrovsk area, when Pinchuk sued Bogolyubov and Kolomoisky, co-founders of Privat.[4]
Contents
History[edit]
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In 2012, EastOne announced the acquisition of 5.9% of Russian owned Vimpelcom Ltd.[5]
On June 6, 2013, Interpipe Steel Mill melted its millionth ton of steel, just 15 months after the launch of the facility.[citation needed]
Interpipe began supplying steel to the United Arab Emirates (UAE) market in the early 2000s with up to 16% of global sales coming from this region. In early 2016, the company registered its trademark in the UAE.[6]
Also in 2016, Interpipe completed a $16.2 million upgrade to facilities in Dnipro with a focus on increased railway related products and production.[7]
In mid-2016 the company announced plans to expand its business presence in Qatar.[8]
Awarded a long-term contract in 2016,[9] in 2017, Interpipe delivered an initial order of 3,000 wheels to the Saudi Railways Organization (SRO).[10]
According to reports from January 2017, Interpipe only supplies up to 35,000 tons of steel pipes to Russia per month, down from 350,000 tons.[11]
In 2017, in an effort to combat counterfeiting of steel products, Interpipe introduced an online verification service that customer may utilize to authenticate their steel products.[12]
See also[edit]
References[edit]
- ^ Soldak, Katya. "Ukraine's Victor Pinchuk: The Oligarch In The Middle Of The Crisis". Forbes. Retrieved 2017-08-21.
- ^ "Interpipe - Steel and Seamless Pipes for the Mining Industry - Mining Technology". www.mining-technology.com. Retrieved 2017-08-21.
- ^ "Subscribe to read". Financial Times. Retrieved 2017-08-21.
- ^ Kaylan, Melik. "An Injection Of Rule Of Law For Ukrainian Business? Oligarch's Lawsuit Could Help Improve The Culture Of Business Dealings In The Post Soviet Space". Forbes. Retrieved 2017-08-21.
- ^ "Ukrainian businessman Pinchuk's EastOne buys Vimpelcom prefs (Part 2) - Interfax". www.interfax.com. Retrieved 2017-08-21.
- ^ Zendera, Yamurai. "Ukraine's Interpipe registers trademark in UAE | ConstructionWeekOnline.com". www.constructionweekonline.com. Retrieved 2017-08-21.
- ^ UK, DVV Media. "Interpipe invests US$16·2m in production capabilities". Railway Gazette. Retrieved 2017-08-21.
- ^ Zendera, Yamurai. "Interpipe targets significant growth in Qatar | ConstructionWeekOnline.com". www.constructionweekonline.com. Retrieved 2017-08-21.
- ^ Templeton, Dan. "Interpipe enters Saudi wheel market". Retrieved 2017-08-21.
- ^ UK, DVV Media. "Interpipe delivers wheels for a harsh environment". Railway Gazette. Retrieved 2017-08-21.
- ^ "Pinchuk's tone of appeasement toward Russia rattles Kyiv". The Ukrainian Weekly. Retrieved 2017-08-21.
- ^ "Interpipe launches service to defend against counterfeiting – Middle East Construction News". Retrieved 2017-08-21.
External links[edit]
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