Struggling to survive, Interpipe paid over a billion hryvnia in taxes

In 2015, the manufacturer of seamless pipes and railroad wheels of Ukrainian businessman Viktor Pinchuk transferred UAH 1.045 billion in taxes and fees to the budget and extra-budgetary funds.

Throughout the past year, Interpipe has been working in conditions of a shortage of its main raw material - ferrous scrap and, therefore, has reduced the production of welded and seamless line pipes for laying oil, gas and water pipelines. water and the desire to create their own water supply in suburban areas and settlements where there is no central water supply and the only way out is to drill wells. well drilling in Kiev and Kiev region using a small-sized drilling rig has proven itself well.

INTERPIPE General Director Oleg Rosenberg explains: “Last year the Company was fighting for its survival. But even in such a difficult year, Interpipe remained an example of legal business. The volume of tax payments remained practically at the level of 2014. The factories of the Company located in three cities of the Dnipropetrovsk region directly or indirectly generated a significant part of the revenues of local budgets and thereby supported the financial stability of the Dnipropetrovsk region. "

The volume of backorders for finished products - pipes and wheels, due to a shortage of scrap metal, is estimated by the Company at more than 100 thousand tons. Fulfillment of these orders could increase the company's tax payments by UAH 160 million.