Ukraine's Centravis, which was previously registered in Cyprus, has re-registered its parent company in Switzerland to enhance its financial stability and strengthen its international standing. Centravis CFO Mr Alexandre Joseph said “We can also get more beneficial conditions for cooperation with international insurance companies, and it is important in the context of deferral of payments for work pieces and other materials for the production of seamless pipes. Operating in accordance with Swiss legislation, known for its high demands and standards in corporate management, will help Centravis improve its expertise in accountability and the transparency of its activities.”The Centravis holding was established based on Nikopol Stainless Steel Tubes Plant in Dnepropetrovsk region in Ukraine, the service and trading companies of Yuvis Industrial and Commercial Enterprise. Its stockholders are members of the Atanasov family. In January-November 2022, the company produced 10,600 tonnes, which is about 66% of the production rate for 2021. Additionally, Centravis is planning to open specialized production of instrumentation tubes for vehicles in the Zakarpatye region in early 2023.