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Press release: Merger of assets of "Siberian Industrial Group" JSC and Izhora Pipe Rolling Plant LLC

Industrial holding "Siberian Industrial Group" JSC and Izhora Pipe Rolling Plant LLC announce the merger of their assets.

Combining enterprises will provide an opportunity to build a full production cycle for the production of pipes with various types of protective coatings: from billet to finished pipes with external and internal coatings, including those produced using nanotechnology. This will allow to control the production process at all sites and ensure high quality of the final product. As a result, this will ensure the compliance of the products of the enterprises of SIG JSC and IPRP LLC with the high requirements of the oil and gas industry and will allow you to quickly respond to changes in market conditions.

A unified sales division will be created on the basis of Trading House Siberian Industrial Group for the sale of products from all production sites of the Holding.

The SMP Bank JSC acted as the financial partner of the asset pool.

Izhora Pipe Rolling Plant LLC is a plant with a long history of production of seamless pipes, which dates back to 1861, when the factory began manufacturing seamless copper pipes. In the mid-2000s, the company was modernized. Currently, the plant produces seamless pipes, including tubing, as well as various equipment for the oil industry and nuclear engineering.