Zagorsk Pipe Plant to Build 35-bln-ruble Seamless OCTG Facility Using VTB Funds
“In accordance with the agreements of the sides, VTB plans to act as a financial investor of a project for construction of a new industrial cluster that will produce seamless pipes in Russia’s Central Federal District. The project will be implemented by Zagorsk Pipe Plant, investment in the project will reach 35 billion rubles,” the bank said.
Zagorsk Pipe Plan CEO Denis Safin said that the new plant’s annual production capacity should amount to 450,000–500,000 tonnes, and the new plant should reach it in 2022.
“All companies of the oil and gas industry will be our consumers, the top 20 or 30 of our leading oil and gas companies that produce and transport oil and gas. The amount of pipes that we want to produce is about 450,000–500,000 tonnes,” he said.
He also said that the plant will open a loan with VTB Bank to finance it. The plant will be located close to Zagorsk Pipe Plant, he said.
The current capacity of Zagorsk Pipe Plant stands at 500,000 tonnes of large-diameter pipes per year. Zagorsk Pipe Plant (ZTZ) has become a certified supplier of pipes to Gazprom PAO, GRosneft PAO, NOVATEK OAO, LUKOIL PAO, SIBUR Holding’ PAO, RussNeft NK’ AO, Surgutneftegaz OAO, SGM-Most.
Zagorsk Pipe Plant (ZTZ) welcomes all steel industry professionals to visit its stand at Metal-Expo'2019, the 25th Jubilee International Exhibition, November 12-15, Hall 75, VDNHa, Moscow, Russia. Stand N 1B07.
The total of more than 550 companies from 34 world countries will attend Metal-Expo’2019, while more than 30k steel industry professionals from all over the world are expected to visit the event.