Interpipe will open a wheelsets workshop for the EU and the USA

Victor Pinchuk’s company “Interpipe” intends to launch another workshop for the production of wheelsets in the second half of 2021. Its products will be targeted at the EU and US markets, informs railway magazine Railway Supply with reference to the Interfax-Ukraine news agency.

Interpipe will open a wheelsets workshop for the EU and the USA
Фото: Bloomberg via Getty Images

“The launch of an additional workshop for the production of wheelsets is scheduled for the second half of this year. Now the equipment is being installed at the site, that is, we can say that the project is “in full swing,” said Denis Morozov, Director for Economics and Finance of Interpipe. According to him, the project is financed from the company’s own funds.

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

Related:

The Russian Federation has banned the import of wagon casting and railway wheels from Ukraine