Interpipe appoints Andrey Korotkov as CEO

Interpipe, an international vertically integrated pipe and wheel company, has appointed Andrey Korotkov instead of a German Franz Josef Marx. This was reported HB with reference to the press service of the company.

Due to force majeure, the company terminated the contract with ex-director Franz Josef Marx.

Andrey Korotkov has been CEO of the company since March 8, 2022. From the first days of the Russian invasion into the territory of Ukraine, the new CEO has been in Dnipro, where he performs the operational and strategic management of the company.

Prior to his appointment to this position, Andrey Korotkov was Deputy General Director, operations Director of the company, Director of the steel division of Interpipe.

Besides, Denis Morozov was appointed director of the pipe division.

As GMK Center reported, the ex-general director of the company Franz Joseph Marx was appointed to the position on February 1, 2022. Fady Khraibe , at the same time, continued to head the Board of Directors of Interpipe.

As a reminder, according to the results of the first quarter of 2022, Interpipe increased net profit by 69.8% compared to the same period in 2021 to $21.8 million. Revenue increased by 19% to $239.2 million, and EBITDA decreased by 63% to $15.14 million.

Interpipe is an international vertically integrated pipe and wheel company, one of the top 10 manufacturers of seamless pipes in the world and the top 3 manufacturers of solid-rolled railway wheels.

  • Companies

Rio Tinto and Baowu officially open Western Rang mine

The Australian-British mining group Rio Tinto has announced the official opening of its new Western…

Friday June 6, 2025

US CBAM could generate up to $200 billion in revenue within five years – study

The U.S. mechanism for cross-border carbon adjustment could raise up to $200 billion over five…

Friday June 6, 2025
  • Global Market

EU steel imports down 9% y/y in Q1 – EUROFER

In the first quarter of 2025, steel imports to the European Union declined slightly, but…

Friday June 6, 2025
  • Companies

Cleveland-Cliffs cancels hydrogen-based steel project in Ohio

American steelmaker Cleveland-Cliffs has officially canceled its hydrogen-based steel project in Middletown, Ohio. This is…

Friday June 6, 2025
  • State

Ukraine’s trade turnover amounted to $48.2 billion in January-May

Ukraine's trade turnover in January-May 2025 amounted to $48.2 billion. This is according to the…

Friday June 6, 2025
  • Global Market

EUROFER expects steel consumption in the EU to decline for the fourth consecutive year

Steel consumption in the European Union continues to decline and, according to the European Steel…

Friday June 6, 2025