INTERPIPE has demonstrated an impressive growth in tax and fee payments during the first 9 months of 2023, this is reported by the railway transport news portal, Railway Supply.

Interpipe

Contributions to budgets at all levels and off-budget funds amounted to UAH 3.185 billion, marking a 59% increase compared to the previous year.

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This significant increase can be attributed to the stable operation of INTERPIPE enterprises and the production of high-value-added products for both Ukrainian and international consumers. It also contributes to the creation of new jobs in the front-line region. It’s important to note that this success comes in contrast to the previous year when INTERPIPE’s enterprises experienced several months of downtime, making this achievement even more remarkable.

Sergey Kuzmenko, Director of Economics and Finance at INTERPIPE, stated:

– The substantial growth in tax contributions to budgets at all levels is linked to a low comparative base. Last year, INTERPIPE enterprises faced periods of inactivity, whereas this year, they are operating steadily, producing high-value products for Ukrainian consumers and exports. This not only guarantees increased tax payments but also employment for thousands of people in the front-line region.

About the company:

INTERPIPE is a Ukrainian industrial company specializing in the production of steel pipes and railway products. The company’s products are distributed to over 80 countries worldwide through a network of trading offices located in key markets in the Middle East, North America, and Europe. In 2022, INTERPIPE sold 384 thousand tons of pipe products and 87 thousand tons of railway products. Railway products are sold under the KLW brand.

INTERPIPE employs 10,000 staff. In 2022, the company contributed UAH 2.8 billion to budgets at all levels.

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