Railway News
25 February 2017
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Interpipe Signs Contract to Supply Railway Products to Progress Rail Services

Pipe and wheel company (TAC) “Interpipe” (Dnipro) has signed a 5-year contract to supply railway wheels and axles, the company Progress Rail Services – one of the largest providers of railway products and services in North America, owned by Caterpillar.

Pipe and wheel company (TAC) “Interpipe” (Dnipro) has signed a 5-year contract to supply railway wheels and axles, the company Progress Rail Services – one of the largest providers of railway products and services in North America, owned by Caterpillar.

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As reported in a press release on Thursday, according to the terms of the contract, it will annually supply American partners with more than 10 thousand PCs machined of railway wheels and more than 1 thousand fine pieces of rail axles.
The first shipment of railway wheels has already taken place. Trade axes planned for the second quarter, according to a press release. All products will be produced according to the standards of the American Association of railroads and the additional requirements of the client.

Commercial Director sales railway products Interpipe Alexander Gar noted that the leader of the American railway industry Progress Rail Services, the company started to operate in 2014 .

[quote font_size=”16″ arrow=”yes”]“We have previously concluded short-term contracts for up to one year. Successful cooperation has allowed us to conclude long-term contract. Moreover, we are expanding the scope of partnerships. Due to the long work on the development of new products and investment for this year we will begin shipment to the American market a fine railway axles”[/quote], – said A. Garkavy, which quoted the press service.
Interpipe is among the ten largest producers of seamless pipes, the third largest producer of forged railway wheels in the world. The company’s products are marketed in more than 80 countries through a network of sales offices located in key markets of the CIS, the Middle East, North America and Europe.

In 2016, Interpipe sold 572 thousand tonnes of pipe and wheel products. The company employs 11.5 thousand employees.
The structure is of five industrial assets “Interpipe Nizhnedneprovsky tube rolling plant (NTRP)”, “Interpipe Novomoskovsk pipe plant (nmpp)”, “Interpipe Niko-tube”, “Dnepropetrovsk Vtormet” and electric steel melting complex “dniprosteel” brand “Interpipe Steel”.
The ultimate owner of Interpipe Limited is Ukrainian businessman Victor Pinchuk.

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