New equipment delivered to Interpipe Steel
Interpipe, a leading global producer of steel pipe and railway wheels, has announced the delivery of new equipment to the construction site of its new electric steel plant, Interpipe Steel. As part of the new equipment a shearing press СIV 1008L produced by the company AKROS-HENSCHEL (Kassel, Germany) has been delivered.
The new equipment is to be used for processing scrap steel and has proved itself on European scrap metal sites. The delivery contract for this equipment was signed back in June 2008.
Interpipe has also received delivery of cable produced by the company SUED CABEL (Germany). When completed, the cable line will be the first in Ukraine with voltage of 330 kW. This cable line will provide the new electric steel complex at Interpipe Steel with electricity. According to the schedule, the next part of equipment, 6 kilometers of cable with section of 800 mm2 has been delivered. Already more than half of the cable needed for track plotting has already been supplied.
Work on building the “Pechnaya” substation has almost finished. The four powerful transformers have been produced and passed tests at Zaporozhskiy transformer mill. To date two transformers with the power of 64 MVA (megavolt-ampere) and weight of 120 tonnes each and one of two other transformers with the power of 160/240 MVA weighing 250 tonnes has been installed at the “Pechnaya” construction site.
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 in 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.
Interpipe sells its wheels on foreign markets under the KLW brand.
The IFRS consolidated financial statements for the year ended 31 December 2007 were audited by Ernst & Young (www.ey.com)