Date: 10 months ago   Category: Economy

Interpayp has twice reduced revenue and sales volumes - the finance director


The third year in a row the Interpayp industrial company of Victor Pinchuk holds a technical festival in Dnieper. One of problems of an action - to show to youth and children that the industry - it is interesting, modern and perspective. But the company not only tells "as it is necessary", but also develops the main business - production of railway wheels and seamless pipes. Thereby she tries to compete in all world markets with global corporations not only the price, but also quality.

at the same time Interpayp has a big unresolved question. The speech about negotiations with creditors on restructuring of more than billion debt which go, at least, since 2013. The finance director of Interpayp Denis Morozov in an interview of delo.ua has told about the course of negotiations with creditors, diversification of sales markets, cooperation with the Ukrainian consumers and other features of work of the company.

investment companies have distributed A month ago information on terms on which the Interpayp company offers creditors to restructure debt of $1,25 billion. As far as this information is close to the truth? whether

interest you are close to the condition truth which have leaked out into the press? Are close. But it is impossible to tell that it for 100% what we offer creditors.

have said There that you want to write off 50% of debt - it is close too? Not so everything is simple

. Not a question in this haircut (write-off of a part of a debt - Delo.UA). Actually we suggest to pay a debt in proportion to profitability of our business. Conditionally saying as Ukraine in 2015 has made. There was haircut, and then have promised: at such GDP growth we pay such money. Approximately and we offer the same conditions to creditors. If to look at all package, then eventually, all of them will receive the. But provided that development of the company will go proceeding from strategy which we have registered.

As creditors have reacted to your offer?

Ya I can't comment on it.

is positive, neutral, positive neutrally?

you understand that any conditions of restructuring will be pleasant to nobody. All want money now and today.

In the same news has been told that you have refused the idea of converting of a part of a debt in the capital of the company. If it has occurred, then why?

We offered creditors a share earlier. There were long negotiations with different nuances, but as a result we have proposed other solution.

That is they have refused entering the capital? to Eat with

simply the alternative. What is the capital? It is long return of money. Not today and not now, and in the future. If the company invests and develop as we want, then and its cost will grow. Therefore their share which would be in this case would grow in the price too. And when they would sell the share, would receive the money.

Now basic conditions others, but is very similar tools. Cost grows in one case, in another - the debt is paid, proceeding and

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