Trubostal Pipe Plant (Korosten)

Trubostal Pipe Plant (Trubostal) produces hollow sections and round electric welded pipes for water and gas pipelines. The company was founded in 1993.

It produces pipes of the following standard sizes: round pipes 20 to 127 mm in diameter, square hollow sections with a cross section of 20×20 to 100×100 mm, and rectangular hollow sections with a cross section of 30×20 to 120×80 mm.

Trubostal has a logistical advantage (quick delivery) in shippings to the EU Member States, since Korosten is located on Kyiv–Warsaw highway.

Location: Korosten, Zhytomyr oblast, Ukraine
Shareholders: The MD Group
Markets: EU, Ukraine
Products: Welded hollow sections

Production capacity

Production of pipes 3 pipe rolling mills

Staff and wages

Number of employees 265
Average wage* UAH 109,000 per annum

* per worker before taxes

Charts and tables

Production results, thousand tons

50454035302520151050
2012 22.1 kt2012
2013 22.1 kt2013
2014 26.3 kt2014
2015 40.0 kt2015
2016 42.0 kt2016
2017 46.0 kt2017
2018 49.0 kt2018
50454035302520151050
2015 37 kt2015
2016 40 kt2016
2017 44 kt2017
2018 49 kt2018
32.521.510.50
2015 3 kt2015
2016 2 kt2016
2017 2 kt2017

Indicative sales structure by products in 2018

Indicative sales structure by countries in 2018

* structure of sales volumes, metric tons

Financial performance, $ million

 201320142015201620172018
Sales 23.5 19.8 16.1 18.8 26.031.2
EBITDA 0.1 -0.2 0.2 0.7 0.80.1
EBITDA margin 0.5% -1.0% 1.5% 3.7% 3.0%0.2%
Net income -0.8 -0.4 0.2 0.5 0.60.0
Net income margin -3.2% -2.2% 1.1% 2.7% 2.1%-0.1%
CAPEX 0.2 0.0 0.2 0.1 0.20.3

Key facts

2017

According to the media, the capacity utilization rate of the company in 2017 was close to its maximum. According to statements of the Trubostal’s top officers, the company is not going to buy a new rolling mill, capacity could be increased due to modernization of the existing facilities.

2016

According to the media, Trubostal has significantly increased exports to the EU since 2016. Trubostal’s top managers say that the company delivers tubular products to the EU is 2–3 weeks, while the average delivery period in the market is 3–4 weeks.

In 2016

50% of the company’s products were suitable for export, and their quality was in line with the EN and DIN standards. The company plans to increase this share to 80%.

Sources: websites of the companies, media outlets

Company news

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