Chelyabinsk Pipe Rolling Plant | 05 March 2011 г. | 11:12

ChelPipe increased steel pipes sales by 45%

ChelPipe increased steel pipes sales by 45%
Chelyabinsk Tube-Rolling Plant (“ChelPipe”), a leading Russian producer of welded and seamless steel pipes and tubes, and supplier of integrated solutions for the Russian oil & gas industry as well as a variety of other industries in Russia, is pleased to announce its operational results for the first three months of 2011.

Steel pipe sales volumes increased to 488 thousand tonnes, up 45% compared to 337 thousand tonnes in Q1 2010. Sales volumes of LDP, OCTG and seamless industrial pipes increased by 94%, 26%, and 33%, respectively compared to Q1 2010.

Within trunk pipeline systems, hot-formed bends sales volumes increased 232%. Pipeline hub sales volumes rose by more than twenty times and sales volumes of ball valves totalled 811 units, an increase of 55% compared to Q1 2010.

The strong performance in sales volumes of steel pipes and trunk pipeline systems’ core products arose due to an increase in demand from ChelPipe’s major oil and gas customers, primarily Gazprom.

Within oilfield services, Ni-resist iron ESP sales volumes grew 21% as compared to Q1 2010 and reached 600 units. Sales volumes of grey cast iron ESP totalled 333 units, down 14% versus Q1 2010.

Alexander Fedorov CEO of ChelPipe said: “We made significant progress through 2010 and commissioned our sate-of-the-art new LDP mill, Vysota 239, despite unforeseen industry challenges. In March 2011, Vysota 239 produced 52 thousand tonnes of LDP and I am really proud of ChelPipe's team that completed the project and brought the mill up to full capacity within such a short period of time. In Q1 sales volumes from the new LDP shop totaled 131 thousand tonnes, including 114 thousand tonnes shipped to Gazprom’s pipeline project “Yamal-Ukhta-Torzhok”. We are confident that relationships we have developed over many years with our key LDP customers and suppliers, including Gazprom, Transneft and MMK, provide a solid foundation for a long-term sustainable business”

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