Russia: pipe makers invest 21 billion rubles into modernization in 2016
In 2016 investments of the major Russian pipe manufacturers in the modernization exceeded 21 billion rubles. According to the Foundation on pipe industry development, TMK invested over 10 billion rubles into the program to improve premium pipe quality and increase capacities. The United Metallurgical Company (OMK) invested 6 billion rubles into new products. Chelyabinsk Pipe…