Interpipe Group — BrandWiki

Interpipe Group

Overview

Interpipe Research, Industries & Investment Group

native name	Група «Інтерпайп»
native name lang	uk
romanized name	Hrupa "Interpayp"
type	Corporation/Holding company
foundation	1990
founder	Viktor Pinchuk
location city	Dnipro, Nikopol
location country	Ukraine
key people	Viktor Pinchuk, Gennady Gazin‡R1R‡
area served	International (invests in industries of different countries)
industry	Metallurgy, Carbon Steel Pipes production, Train wheel production, Axle production, Wheelset assembly, Steel billets production
products	Steel pipe, Railway wheel, Tyre, Axle, Wheelset, Steel billet
services	Asset management, investment, trading and consulting
owner	Viktor Pinchuk

Interpipe Group, or simply Interpipe, is a Ukrainian industrial company, a global producer of steel pipes and railway wheels. Interpipe headquarters and production facilities are located in Nikopol, Ukraine. The network of sales offices covers the key markets of Ukraine, CIS, Middle East, North America, and Europe.[2]

Interpipe is a globally important player in carbon steel pipes (hence the name), hollow structural sections, train wheels and steel billets markets.[3]

In 2020, Interpipe sold 469,900 tons of pipes and 192,400 tons of railway products. In-house steel production amounted to 759,000 tons.[4]

11 000 employees work at Interpipe.

History

In 1932 the factory began producing drilling pipes, and by 1933, it employed 7,020 workers and 420 engineers.[5]

Markets

USA

In 2014, the U.S. Department of Commerce and Interpipe signed a price undertaking agreement on pipe products. This agreement resulted from an anti-dumping investigation into Interpipe's activities in the U.S. market and required Ukrainian pipes to be sold at a fixed price.[26] This agreement was renewed annually but ended in 2019 as it was not extended.[27]

In July 2021, the U.S. government imposed an anti-dumping duty of 23.75%,[28] leading Interpipe to announce its exit from the market.[29]

In 2023, the Ukrainian government reported the removal of all anti-dumping restrictions.[30]

However, in the summer of 2024, the U.S. government imposed a new anti-dumping duty of 4.99%.[31] This decision followed an investigation initiated by Vallourec Star, which found that Interpipe had sold approximately 40,000 tons of pipes in the U.S. in 2019 at dumping prices totaling over $40 million.[32]

EU

Interpipe's presence in European markets was limited by quotas and anti-dumping duties that the EU imposed to protect its domestic markets.[33] In 2018, the European Commission reduced the anti-dumping duty on Interpipe's pipes from 13.8% to 8.1%.[34]

That same year, Interpipe and the French company Vallourec announced the establishment of a joint venture for exporting seamless pipes to EU markets.[35] This agreement was supported by the Antimonopoly Committees of Germany and Ukraine.[36] However, at the end of 2021, Interpipe and Vallourec terminated the agreement.[37]

In October 2023, the European Commission announced the end of anti-dumping restrictions on pipe products from Ukraine. In the second quarter of 2023, the company's sales growth to EU countries reached 44% (approximately 46,000 tons).[38]

Middle East

In 2007, Interpipe sold $86.4 million worth of products in the Middle Eastern markets, expecting further growth.[40]

The company opened its headquarters in Dubai, the United Arab Emirates, in the same year.[41] By the 10th anniversary of the office in Dubai, Interpipe had supplied over 1 million tons of products to the region.[42]

Since late 2013 to early 2014, Interpipe has been actively operating in Iraq. In 2023, the company delivered 850 tons of casing and pump-compressor pipes to the country.[43][44][45]