Centravis reduced production of stainless pipes by 9% in 2020

Centravis, a producer of seamless pipes of stainless steel, produced 19.05 thousand tons of products in 2020. This is 9.3% down from the same period of 2019.

“Despite a sharp decline in the global economy caused by the coronavirus pandemic, the main production results of Centravis remained almost at the pre-crisis level of 2019,” says the Company’s press service.

The Company’s sales volume reached 19.8 thousand tons in 2020. Centravis supplies pipes to the European Union, the Middle East, Latin America, Eastern Europe, the U.S., India, Australia, Japan, Canada and other regions and countries.

Buhlmann Group, Damstahl GmbH, ThyssenKrupp, Salzgitter AG, Karl Mertl Handelsges were among the key customers of Centravis in 2020. The Company also completed a number of large-scale orders for Bousted International Heaters, Stainalloy Nederland and Buhlmann Group.

In 2020, Centravis doubled EBITDA to €14 million.

In 2021, the Company plans to produce 17.5 thousand tons of seamless pipes of stainless steel.

“The Company has a stock of orders for H1 2021 and continues to actively work on expanding sales markets,” reads the press release.

As GMK Center reported earlier, in mid-November 2020, Centravis projected annual production of 17.5 thousand tons.

Centravis is among the world’s ten largest producers of seamless pipes of stainless steel. Centravis products are used in energy, automotive, chemical and food industries, pharmaceuticals and other sectors.

The Company was established in 2000. Production facilities are located in Nikopol, Dnipropetrovsk oblast. The Company employs over 1,400 people.