ChelPipe boosts pipe sales by 31% to 1.5 mln tonnes in 2010
MOSCOW. March 21 (Interfax) - Chelyabinsk Tube-Rolling Plant (ChTPZ, or ChelPipe) increased its piping sales by 31% from 1.131 million tonnes to 1.485 million tonnes in 2010, the company said.
Sales of large-diameter piping increased by 64%, OCTG pipe sales (for the oil and gas industry) - by 54% and seamless industrial piping - 21%.
ChTPZ plans to increase production in 2011 by one third to 2 million tonnes, including 1 million tonnes of large-diameter piping and 200,000 tonnes of OCTG piping.
ChelPipe sales in 2010 ('000 tonnes)
| Steel Pipe Products | Q4 | Q3 | Q4/Q3 | 2010 | 2009 | 2010/2009 |
| Large-diameter tubes | 202 | 125 | 62% | 600 | 365 | 64% |
| OCTG | 48 | 43 | 11% | 193 | 125 | 54% |
| Line pipes | 32 | 31 | 3% | 128 | 123 | 4% |
| Seamless industrial pipes | 113 | 135 | -16% | 481 | 398 | 21% |
| Welded industrial pipes | 16 | 23 | -32% | 83 | 120 | -31% |
| Total steel pipe sales | 411 | 357 | 15% | 1485 | 1131 | 31% |
| Trunk Pipeline Equipment | ||||||
| Hotformed bends | 2010 | 1357 | 48% | 5770 | 2876 | 101% |
| Cold formed bends | 268 | 445 | -40% | 1300 | 1090 | 19% |
| Pipeline hubs | 183 | 136 | 35% | 351 | 70 | 401% |
| Short radius elbows | 1699 | 2069 | -18% | 7249 | 6135 | 18% |
| Ball valves | 863 | 657 | 31% | 2774 | 2501 | 11% |
| Nuclear valves | 87 | 24 | 263% | 145 | 118 | 23% |
ChelPipe is the flagship enterprise of the ChTPZ pipe and metals group, which includes Pervouralsk New Pipe Plant (PNTZ) ; LLC Meta, a company specializing in scrap metal collection and processing; metal trading company Uraltrubostal Trading House; and oil industry services provider Rimera. Arkley Capital manages ChTPZ Group's assets.
The prospectus for an IPO that ChelPipe planned earlier this year bit put off indefinitely says Andrei Komarov controls around 73% of the company: he owns 95% of Mountrise, which owns 76.8% of ChelPipe and was the selling shareholder in the IPO. ChelPipe's general director, Alexander Fyodorov, owns 8.1%: he owns 5% of Mountrise and all of Poweredge, which owns 4.3% of ChelPipe.
