Pipe Production Goes Up by 17.7% M-o-M in November in Ukraine
OREANDA-NEWS. December 6, 2010. The Ukrainian pipe making industry has demonstrated a 17.7%mom growth rate in November, driven by Hatzyzsk and Luhansk Pipe performance improvements. Hartzyzsk Pipe performance has skyrocketed 38.2% mom, decreasing the gap between prior year’s 11 month results to 50%.
Millennium Capital: the news is POSITIVE for PIPES. Harzysk Pipe’ 25.0% mom rise in output has returned the plant to growth in contrast to the slump of the previous month, spurred on by the rising Russian demand for LDP’s. Interpipe plants maintained the previous month’s production levels.
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