IPSCO Tubulars, a subsidiary of Russian oil and gas pipe maker TMK, plans to offer about 23.3 million shares at $20-23 per paper during an initial public offering (IPO), the company said in a statement on January 29. IPSCO Tubulars will sell 7.4 million shares, and TMK will sell 15.8 million shares it owns…
TMK will supply Rosneft with 8 thousand tons of compressor-pump pipes with 13% Cr contents and the premium TMK UP PF joints. According to the company statement, the pipes have to be delivered to Rosneft enterprises – RN-Vankor, RN-Stavropolneftegaz and Rospan International. The pipes will be produced at Sinarsky Pipe Works. The batches will be…
Russian oil and gas pipe producer TMK increased pipe sales by 10.6%, to 3.806 million tons in 2017, the company said in a statement. “The year was favorable for TMK, as the company raised sales by more than 10%. OCTG pipes were in especially high demand on our major markets, in Russia and in the…
TMK intends to issue bonds valued at 60 billion rubles. According to the company statement, the decision was taken at the board of directors meeting on December 25. The bonds will be issued for 15 years. At present TMK has two issues of eurobonds with the maturity in January 2018 and April 2020 with the…
Saint Petersburg hosted a meeting of the Gazprom chairman Alexei Miller and TMK chairman Dmitry Pumpyansky. They discussed current issues and the prospects of cooperation development. In particular, creation of new products for Gazprom. In December 2014 Gazprom and the major Russian pipe producers signed cooperation agreements for 2015-2020. In October 2016 they were reviewed…
TMK has successfully passed the re-certification audit of the corporate quality management system for the compliance with ISO 9001:2015. The audit has been carried out by Lloyd’s Register. The corporative certificate for the correspondence of the TMK quality management system to ISO 9001:2015 has been granted for the next 3-year period. (Ukrainian metal)
The United Pipe Company has for the fourth year in a row been named the best supplier of industrial products and goods for the oil and gas industry (pipes). “The TMK products are associated with quality and reliability in Russia, as well as abroad. The fourth award is yet another confirmation of this”, TMK deputy…
In 2017 TMK intends to sell 3.8 million tons of pipes and in 2018 – 4.3 million tons. According to the company first deputy CEO Vyacheslav Popov, last year TMK sold 3.5 million tons of pipes. (Ukrainian metal)