10:43, 10 October 2019

Zagorsk Pipe Plant to Build 35-bln-ruble Seamless OCTG Facility Using VTB Funds

Russia’s Zagorsk Pipe Plant (ZTZ), a Metal-Expo regular exhibitor, and the country’s second largest bank VTB signed an agreement to build 35 billion ruble seamless pipelines plant.

“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.

New on the topic

Danieli Automation Service Team to upgrade Marcegaglia Plate Mill

High-quality market requirements led Marcegaglia to revamp its 4-hi plate mill in San Giorgio di Nogaro in Italy. Danieli Automation Service Team, a Metal-Expo regular exhibitor, envisioned a tailor-made solutio...

03 June, 13:15

Specta's Waste Management Gains Momentum

CEO of Specta Group , a Metal-Expo regular exhibitor, Erik Helin and General Director of “Specta Interpak” Denis Zavyalov took part in on-line meeting of Finnish ambassador Mikko Hautala with the General Director of public legal company “Russia...

01 June, 12:50

NLMK Stoilensky Begins Hot Testing at New Additional Beneficiation Section

Stoilensky Mining and Beneficiation Plant, part of NLMK Group , a global steel company, a Metal-Expo regular exhibitor, has started hot testing at three new concentrate grinding lines. The commission...

28 May, 12:25

Metalloinvest Announces IFRS Financial Results for Q1 2020

Metalloinvest , a leading global iron ore and HBI producer, and one of the regional producers of high-quality steel, a Metal-Expo regular exhibitor, has published its IFRS financial results for the first quarter ended 31...

26 May, 12:10
Subscription to newsletter