Interpipe has tripled its investments in new projects and is launching a new wheelset assembly workshop for the EU and US markets.

new wheelset assembly shop

For 9 months of 2021 the Ukrainian industrial company “Interpipe” increased the volume of capital investments compared to the same period last year by 65%, having invested $ 45 million.

According to a company press release, CAPEX for new projects more than tripled year over year to $ 25 million, informs Railway Supply. magazine.

According to the company general director Fadi Hraibe, in the coming weeks Interpipe will launch a new workshop for assembling wheelsets for the EU and US markets at the Interpipe NTZ plant.

“After the placement of Eurobonds in the amount of $ 300 million in May, Interpipe has sufficient funds to carry out key investment projects, in particular, the construction of a new thermal department at the INTERPIPE Niko Tube plant and a new workshop for assembling wheelsets for the EU and US markets at plant “Interpipe NTZ”, which we plan to launch in the coming weeks “, – said the top manager.

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