(с) interpipe.biz

The company has already shipped the first, experimental batch to the customer

Ukrainian industrial company Interpipe for the first time since the beginning of the war mastered the production of a new type of wheels for the European Union market, a press release on the company’s website reads.

Specialists of Interpipe railway division’s R&D center started developing a new type of wheels before the start of hostilities in Ukraine. The main request of the client was a special shape of the wheel disc with a diameter of 840 mm. This is a category 2 wheel, cast from ER7 steel grade according to the European standard.

Such wheels are for electric railway cars, 1435 mm gauge railways. Wheels can be installed on electric trains for regular long-distance transportation.

The company has already shipped the first, experimental batch of products to the customer.

“Very shortly, Ukrainian wheels will be on the cars of the national railway network in one of the largest EU countries,” the company noted.

According to the results of the first quarter of 2022, Interpipe increased its 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.

In 2021, the company reduced its net profit by 53.2% compared to 2020, to $91.32 million. The company’s revenue for the year increased by 30.9%, to $1.13 billion. Sales of products in Europe for the year increased by 20.2%, to $287.03 million.

Interpipe is an international vertically integrated pipe and wheel company, which is among the top 10 manufacturers of seamless pipes in the world and the top 3 manufacturers of forged railway wheels.