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17 Feb
15:37

ChelPipe seeks increased exports as domestic competition rises

Chelyabinsk Pipe-Rolling Plant (ChelPipe) plans to raise exports in 2017 to offset increased competition in the domestic Russian market, the firm’s chief executive, Alexander Grubman, says in a note seen by Kallanish. The firm is also seeking increased shipments of seamless pipe to the oil & gas industry, and an increased presence in the Middle East, and North and South America. ChelPipe recorded a -15% on-year slump in shipments in 2016 to 1.71 mil…
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