Centravis

Centravis Production Ukraine (Centravis) is one of Europe’s largest manufacturers of seamless stainless pipes for engineering, oil & gas, aircraft and power industries.

The company produces more than 1,000 pipe sizes of more than 100 types of corrosion-resistant and heat-resistant steel grades. Its customers include Thyssenkrupp, BMW, Alstom, Linde, Samsung, Volkswagen.

Centravis is among top 10 world’s largest exporters of seamless stainless pipes: it ranks 1st in the CIS, 4th in Europe, and 9th in the world.

According to Centravis, the company holds a 15% share in the EU market and 3.6% in the global market.

Location: Nikopol, Dnipropetrovsk oblast, Ukraine
Shareholders: The Atanasov family
Markets: EU Member States
Products: Seamless stainless pipes

Production capacity

Production of pipes Cold-drawing shop
Hot extrusion shop

Staff and wages

Number of employees 1,868
Average wage* UAH 136,000 per annum

Charts and tables

Production results, thousand tons

302520151050
2012 17.1 kt2012
2013 20.2 kt2013
2014 21.8 kt2014
2015 19.1 kt2015
2016 16.8 kt2016
2017 18.7 kt2017
2018 20.0 kt2018

Indicative sales structure by products in 2018

Indicative sales structure by countries in 2018

* structure of sales volumes, metric tons

 2013201420152016201720182019
Sales204.6217.1146.3115.3135.3173170
EBITDA 22.8 44.2 18.4 19.8 26.4236
EBITDA margin11.1%20.4%12.6%17.2%19.5%13.5%3.3%
Net income -15.1 -50.4 -35.2 -0.2 -7.92011
Net income margin -7.4% -23.2% -24.0% -0.1% -5.9%11.6%6.2%
CAPEX 1.7 1.9 1.9 1.5 2.544

Key facts

2019

According to the company’s top management, the 2019 investment program is worth $10 million.

Until 2018

The EBRD held a 12.2% stake in the company. According to the media, this stake was aquaired in 2011 through investing $10 million in the company’s capital.

In 2017

The company’s management said in a commentary to the media that the capacity utilization rate of Centravis was 100%, however, the potential for increasing annual production remains at the level of 10-15% due to the elimination of weak points.

In 2007–2017

The company invested $130 million in the upgrade and purchase of equipment and technological improvement.

2018–2020

Centravis is currently implementing the 2018–2022 Strategy, with a focus on developing sales of high value-added products, expanding markets, and advancing technologies. The company sees the development of sales of high value-added products as production of new high-tech types of pipes with additional requirements for accuracy, geometry, length, and surface treatment. The sales market expansion means potential export to North America, Asia and countries of the Middle East.

From 2014 to 2017

The company reoriented its exports from Russia, the share of which was 80%, towards the EU.

Sources: websites of the companies, media outlets