Khartsyzsk Pipe Plant
Due to the military confrontation in the South-East of Ukraine, the Khartsyzsk Pipe Plant (KhTP) is unable to function.
In particular, the full operation of the plant, which is part of the Metinvest group, is hampered by the lack of supplies of any materials – transport companies supplying materials refuse to go to the war zone.
In addition, many enterprises in the confrontation zone are now not working, while KhTZ has contractual obligations with them. There is also not enough special equipment – the factory tractor and truck crane have been confiscated.
Let us remind you that net profit for the 2nd quarter, in accordance with international financial reporting standards, amounted to 143.957 million hryvnia. KhTZ is the largest plant in the CIS, producing similar products (large-diameter pipes for main pipelines).
REFERENCE:
The main shareholders of Metinest (Metinvest BV) are the SCM group (71.25%) and the Smart Holding group of companies (23.75%), which participate in the management of the company on a partnership basis.
Metinvest Holding LLC is the management company, and Metinvest BV (Netherlands) is the holding company of the Metinvest group.
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