Centravis increased stainless steel pipe output by 12% y/y in 2023

Average production utilization last year was 60-70% of the pre-war level

Centravis, one of Europe’s largest suppliers of stainless steel pipes, increased production of tubular products by 12% year-on-year – to 12.2 thousand tons in 2023. The average capacity utilization of the enterprise last year amounted to 60-70% of the pre-war level.

Yuriy Atanasov, CEO of Centravis, told about it during an online meeting with journalists.

In 2023, the company increased its shipments by 7% year-on-year – to 12.3 thousand tons.

“Almost all products were shipped for export. In total, the company exported seamless stainless steel pipes to 38 countries in 2023. The highest demand was from the EU and EU countries, with the US market in second place, followed by the Asian and Middle East markets. Most of all were shipped to Germany, Italy, USA. Centravis also fulfilled orders for companies from Japan, Singapore, Taiwan, Malaysia, South Korea, Oman, UAE and others,” noted Yuriy Atanasov.

The company’s main production facilities are located in Nikopol, which is almost daily shelled by Russian troops. Also in early 2023, Centravis opened a production facility in Uzhgorod, which specializes in the production of tool pipes for the automotive industry. Initial investments in this production amounted to €2 million. Two rolling mills have already been installed at the plant. In 2024, it is planned to expand it and build a second stage. In total, in 2023 the company invested more than €4 million in modernization and development of production facilities.

In 2022, Centravis reduced production of seamless stainless steel pipes by 43.8% – to 10.9 thousand tons. The company’s export shipments during that period decreased in physical terms by 33% y/y – to 11.6 thousand tons, in financial terms – by 9% y/y, to €125.8 mln.

As GMK Center reported earlier, in January-September 2023, the enterprises of the association Ukrtruboprom increased production of pipes by 5.1% compared to the same period of 2022 – up to 376.1 thousand tons.

Also, in 2023, Ukrainian pipe companies reduced exports by 11.8% compared to 2022 – up to 356.3 thousand tons. Revenue from pipe exports for the year decreased by 15% y/y – to $587.1 mln.