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ChTPZ Group posts 14% increase in pipe shipments in 2006

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MOSCOW, January 18 (RIA Novosti) - ChTPZ Group, a leading industrial producer in Russia's metallurgical sector, said Thursday its enterprises posted a 14% year-on-year increase in pipe shipments in 2006, to 1.72 million metric tons.

Based in the southern Urals, ChTPZ Group incorporates the Chelyabinsk Pipe Rolling Plant, the Pervouralsk New Pipe Plant, the Chelyabinsk Zinc Plant, ChTPZ - Integrated Pipe Systems engaged in pipe components production and sale, Metris metals sales company and ChTPZ-Meta ferrous scrap procurement, processing and sales company.

"The increased shipments resulted from a growth in sales involving all main commodity lines, largely, the segment of large-diameter pipes, pump-compressor and seamless line pipes, due to increased deliveries to the group's traditional consumers - Gazprom [energy giant], Transneft [pipeline monopoly] and vertically integrated oil companies," ChTPZ Group said in a news release.

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