7 July 2014
A number of internet sources continue to disseminate incorrect information about the seizure of Metinvest Group’s Khartsyzsk Pipe by armed people.
The administration and the trade union committee of Khartsyzsk Pipe state that the enterprise is operating normally.
Yesterday night, armed representatives of the Donetsk People’s Republic arrived at the plant’s central checkpoint. They referred to an order from their commanders, took 10 of the plant’s ve-hicles, and then left the territory of the plant.
Currently all production processes at Khartsyzsk Pipe are being performed according to the established production schedule. Infrastructure and auxiliary functions are operating as usual.
- For editors:
Khartsyzsk Pipe Plant is the largest pipe producer in Ukraine and one of the largest pipe producers in Europe. The company produces large diameter longitudinal submerged arc welded (LSAW) pipes from 508 mm to 1,422 mm with external corrosion-resistant and internal corrosion-resistant coating or flow coat for main oil and gas pipelines. The capacity of the plant is 1.3 million tons of pipes per year, including about 700,000 tons of coated pipes. Khartsyzsk Pipe has an integrated management system based on standards ISO 9001, ISO 14001, OHSAS 18001, API Spec Q1, DSTU ISO 9001, GOST Р ISO 9001, and STO Gazprom 9001. The plant’s products have been certified by the American Petroleum Institute (U.S.), Zetom Research and Certification Institute (Poland) and UkrSepro (Ukraine). Welding operations are certified for compliance with ISO 3834-2. The plant was Metinvest’s first Ukrainian enterprise to launch a lean enterprise program.
Metinvest Group is a vertically integrated group of steel and mining companies that manages every link of the value chain, from mining and processing iron ore and coal to making and selling semi-finished and finished steel products. It has steel and mining production facilities in Ukraine, Europe and the US, as well as a sales network covering all key global markets. Its strategic vision to become the leading vertically integrated steel producer in Europe, delivering sustainable growth and profitability resilient to business cycles and providing investors with returns above industry benchmarks.
For the first quarter of 2014 ended 31 March 2014, the Group reported revenues of US$2.9 billion and an EBITDA margin of 30%.
The major shareholders of Metinvest B.V. (the holding company for Metinvest Group) are SCM Group (71.25%) and Smart-Holding (23.75%), which partner in the Group’s management. Metinvest Holding, LLC is the management company of Metinvest Group.