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Interpipe announced a planned action to discredit the company in the Ukrainian media

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Interpipe emphasized that the company openly advocates for the electricity market in Ukraine to be competitive, the rules of the game are transparent, and the cost of electricity is economically justified.

Interpipe announced a planned action to discredit the company in the Ukrainian media

The Ukrainian industrial company Interpipe has denied information disseminated by a number of mass media regarding the sale of pipes by Naftogaz Ukrainy at allegedly inflated prices.

“A series of publications in biased and unscrupulous media on this topic is unreliable and is aimed at damaging the business reputation of Interpipe. The company connects a series of such slanderous publications with the fact that Interpipe has consistently and openly advocated an unjustified and unfair increase in electricity prices in Ukraine, "the company said in a statement, published on Friday on the official Interpipe Facebook page.

The company noted that the “slanderous publications” compare prices for disparate supplies of standard pipe products that do not have special requirements, and for supplies of special technologically complex pipes with premium connections for NJSC Naftogaz Ukraine.

“Interpipe has carried out and continues to supply NJSC Naftogaz Ukraine within the framework of competitive tender procedures. Along with Interpipe, representatives of the world's largest pipe manufacturers such as Vallourec and Voestalpine have taken part in the procurement tenders. Chinese suppliers of quality pipe products such as Tianjin Pipe Corporation, DP-Master Manufacturing Co. and Shanxi Fenglei Drilling Tools Co., Ltd. also supply NJSC Naftogaz duty-free within the framework of quotas. The Ukrainian market for pipe products has been and remains one of the most competitive in the post-Soviet space ”, - said in Interpipe.

They recalled that since April 2019, the Russian Federation has imposed an embargo on the import of all the company's products, both on oil and gas pipes, and subsequently, on railway wheels.

Interpipe considers the release of a series of such publications as a planned action, the purpose of which, through the dissemination of false information, to try to discredit the Ukrainian industrial company, which consistently and openly advocates for the electricity market in Ukraine to be competitive, the rules of the game are transparent, and the cost of electricity was economically sound.

Interpipe is a Ukrainian industrial company, a manufacturer of seamless pipes and railway wheels. The company's products are supplied to more than 80 countries around the world through a network of sales offices located in the key markets of the CIS, the Middle East, North America and Europe. In 2020, Interpipe sold 662 thousand tons of finished products, including 192 thousand tons of railway products. Railway products are sold under the KLW brand.

The company has five industrial assets: "Interpipe Nizhnedneprovsky Pipe-Rolling Plant (NTZ) ", "Interpipe Novomoskovsk Pipe Plant (NMPP) ", "Interpipe Niko-Tube ", "Dnepropetrovsk Vtormet " and electric steel-making complex "Dneprostal " under the brand "Interpipe Steel ".

The ultimate owner of Interpipe Limited is Ukrainian businessman Victor Pinchuk and his family members.

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