Interpipe takes major stake in scrap plant

Archiv – Steel pipe and railway wheel producer Interpipe of Dnepropetrovsk in the Ukraine has acquired 95.95% of the shares of Dneprovtormet, one of the country’s largest scrap metal processing facilities.Ukraine | Steel pipe and railway wheel producer Interpipe of Dnepropetrovsk in the Ukraine has acquired 95.95% of the shares of Dneprovtormet, one of the country’s largest scrap metal processing facilities.
’The acquisition of this scrap metal processing plant is the next important step forward in the transformation of Interpipe into a fully vertically integrated company,’ states CEO Alexander Kirichko. ’Dneprovtormet’s facilities will enable us to satisfy our growing needs in scrap metal for the production of pipe and wheel billets, and will also provide high-quality raw materials to our new electric steel melting facility Interpipe Steel, which is due to come on stream in 2010.’
OJSC Dnepropetrovsk Vtormet is the second largest scrap metal processing plant in the Ukraine with facilities to store and process 950 000 tonnes per annum. Scrap consumed by the plant is drawn from a wide number of outlets in Central and Eastern Ukraine.