Ukrainian company buying large scrap processor

Archiv – The Ukranian-based steel pipe and railway wheel producer Interpipe Group has acquired 95.95% of the OJSC Dnepropetrovsk Vtormet shares, the one of the largest scrap metal processing plants in Ukraine.
The OJSC Dnepropetrovsk Vtormet is the second largest scrap metal processing plant in Ukraine. The plant’s facilities for metal scrap storage and processing total 950,000 tonnes per year.Ukraine | The Ukranian-based steel pipe and railway wheel producer Interpipe Group has acquired 95.95% of the OJSC Dnepropetrovsk Vtormet shares, the one of the largest scrap metal processing plants in Ukraine.
The OJSC Dnepropetrovsk Vtormet is the second largest scrap metal processing plant in Ukraine. The plant’s facilities for metal scrap storage and processing total 950,000 tonnes per year. The plant has a wide spread of areas for scrap collection in Central and Eastern Ukraine.
Interpipe’s CEO Alexander Kirichko says: ’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. 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.’