14 March 2012
Metinvest Eurasia, a wholesale and retail sales channel of Metinvest Group in the Russian Federation, starting February 2012 commenced sales of electric-welded pipes from Lugansk Pipe Works (LTZ). In February pipe shipments from LTZ to Metinvest Eurasia warehouses comprised around 4 thous. t.
Starting February 2012 within the frames of Metinvest Group and LTZ cooperation program the product range available at the service metal centers of Metinvest Eurasia was complemented by the offer of welded pipes from LTZ. In February-April 2012 it is planned to fill gradually Metinvest Eurasia warehouses with the product range of electric-welded pipes from LTZ. In February LTZ shipped around 4 thous.t of pipe to Metinvest Eurasia warehouses.
The products of Lugansk Pipe Works is traditionally in demand in the market of the Russian Federation due to its geographic proximity of the producer to Russian customers, awareness about the products in the market of Russia and production potential of the enterprise. Production capacities of the plant allow producing a wide range of products: square pipes from 15 to 140 mm, square pipes from 30х20 to 180х100 mm, round pipes with diameter from 51 to 168 mm.
In 2010-2011 the segment of shaped tubes demonstrated the highest consumption growth rate among all groups of construction products in the European part of Russia. Adding the product range from LTZ to the lines offered by our metal centers is a logical step to improving customer service. Today we are able to offer the construction sector and metal fabricators with almost complete product range for construction, thus meeting their needs in full» - noted Roman Rybalov, the CEO of Metinvest Eurasia, LLC.
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Metinvest is a vertically integrated group of mining and steel companies managing assets in every link of the production chain, from iron ore materials and coal mining to coke production and finishing with semi-finished and finished products manufactured from steel, pipe products and coil production, as well as other high-value-added products. The Group consists of mining and steelmaking facilities in Ukraine, Europe and the USA, and its sales network covers all key world markets. Major shareholders are SCM Group (71.25%) and Smart-Holding (23.75%), which take part in Metinvest Group’s management on terms of partnership.
METINVEST HOLDING LLC is the managing company of Metinvest Group.