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Centravis ramps up production after improved billet supply, expects 25% duty on pipe sales to EU to be abolished

KYIV. May 6 (Interfax-Ukraine) – PrJSC Centravis Production Ukraine, part of Centravis Ltd., has increased production of pipes due to improved supplies of billets.

"The situation in production has slightly improved compared to last week. The extrusion line is working, repair shutdown time was reduced, because there is a positive trend in the receipt of the billets. It is also stable in Cold Shop; part of the mills has been launched by the presence of loading and two bright annealing furnaces," Artem Atanasov, Chief Sales Officer at Centravis, said on Friday.

According to him, the focus is on instrumentational and automotive pipes, but heat-exchanger tubes and tubes for general applications are also in the production. There are no deviations in quality and metal consumption.

It is also said that their logistics team is actively working and constantly looking for the best and safe ways to deliver the finished products. The members of the Board of Directors, namely Yuriy Atanasov, Andriy Krasiuk, Alexandre Joseph, Artem Atanasov, stay in Ukraine and keep working. Their sales offices worldwide in Essen, Milan, Krakow, Lugano, Houston, and Dubai are open, their Financial and Administrative Departments, Customer support are ready for calls and messages.

"We are glad to inform you that the currently applicable safeguard measures of the EU against Ukraine will soon be lifted, permitting Centravis to conduct unrestricted in volume exports of its tubes to the EU without payment of the 25% safeguard duty. The formal Regulation of the EU to that effect will be formally approved soon and we anticipate its publication in the Official Journal in the course of May 2022," Atanasov said.

Centravis is one of the world’s largest manufacturers of seamless stainless steel pipes, founded in 2000. Its production facilities are located in Nikopol (Dnipropetrovsk region). It is included in the top 10 world players. Before the Russian aggression, more than 1,400 people worked at the enterprise.