Interpipe has entered into an agreement to acquire shares in Romania-based ArcelorMittal Tubular Products (AMTP) Roman, the Ukrainian steelmaker tells Kallanish.
“Completion of the transaction remains subject to the satisfaction of customary closing conditions, including the receipt of required antitrust and foreign direct investment approvals,” Interpipe’s spokesperson says. “Until completion, the two companies will continue to operate independently and maintain their respective business activities as usual.”
“We look forward to finalising the transaction in due course and until then, no further comments will be provided,” he adds.
AMTP Roman is a major seamless pipe producer, formerly known as Petrotub, specialising in pipes for energy, structural, and pressure applications. Its capacity is 320,000 tonnes/year.
Earlier, Interpipe confirmed its strategic commitment to continuous investment and production modernisation, even during wartime. The company is placing particular emphasis on developing export markets. Europe and the United States remain its primary sales markets, but they are strengthening protection for their domestic producers, the pipemaker notes.
In 2026, Interpipe will invest further in new equipment. It intends to continue its $120 million investment programme to modernise its railway division through 2032.
Interpipe chief executive Luca Zanotti said previously the company has all the prerequisites for scaling globally and becoming truly international (see Kallanish passim). Over the past ten years, it has undergone a dramatic transformation in diversifying its sales markets. Its products are supplied to more than 80 countries, with a focus on Europe, North America and the Middle East.
Interpipe decreased crude steel production in the first half of the year by 17.8% on-year to 352,000 tonnes. Pipe output was up by 7.7% to 278,000t and pipe sales rose 14.4% to 302,000t, according to the latest figures.
Earlier, the European Commission approved Metinvest’s acquisition of Romania’s ArcelorMittal Tubular Products Iasi (AMTP Iasi), concluding that the deal does not pose competition concerns. The Ukrainian steelmaker will obtain sole control of AMTP Iasi, a producer of small welded carbon steel tubes.
