Ukrainian steel pipe and railway wheel producer Interpipe has announced that a new ring heating furnace has been commissioned at Interpipe Niko Tube to heat steel billets before rolling. The new furnace will enable high production capacity, energy efficiency, and reduction in metal consumption. The production capacity of the new furnace will be 325,000 mt of billets per year, 50 percent more than that of the old furnace.

Through this $20 million investment, Interpipe continues to modernize its production facilities and enhance energy efficiency and productivity at its operations despite the current economic climate.

According to Interpipe's statement, all the pipe products made at the tube-rolling shop No. 2 within the diameter range of 159-325 mm will go through the new ring furnace. Casing and line pipes produced at the tube-rolling shop No. 2 are marketed in 20 countries around the world, including Austria, Italy, Spain, Saudi Arabia, and the US.