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ChTPZ Group presents development strategy for 2015-2020

UrBC, Yekaterinburg, October 26, 2015. ChTPZ Group held a presentation for representatives of Russia's leading oil and gas companies and the Group's key customers: Gazprom, Transneft, LUKoil, Surgutneftegas, Bashneft, Slavneft, Irkutsk Oil Company, and SIBUR, the company press service reports.

The Group made a presentation on its development strategy for 2015-2020. Within the next five years, the company intends to keep growing more financially healthy and gradually reduce its debt burden, which will make it possible to invest in technological advancement to suit the market's needs.

As for the Group's pipeline- and OCTG-making division, steps will be taken to expand the company's pipe product range, through import substitution, among other things. The Group's large-diameter pipes are now produced with the help of a globally recognized technology and meet the highest quality standards, so the main goal is to expand existing sales channels and markets.

In everything it does, the Group will do its best to improve customer service by making its delivery and logistics more efficient and by offering new services.

'We keep trying to make the advantages of our 'white metallurgy' produce stand out to customers. This is why the White Metallurgy production system is now introduced at all of our departments and improvements in the quality of our customer service are our top priority,' says the Group's BOD Chairman Alexander Fedorov.
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