In January-March TMK Chermet outperformed the scrap procurement target by 26%. TMK enterprises received 494 thousand tons of scrap. The company keeps increasing the share of its own scrap deliveries: in particular it supplied 160.5 thousand tons, up by 10.6% YoY. (Ukrainian metal)
In January-March TMK received $42 million of net profits, up 3-fold YoY. According to the company statement, its earnings went up by 24%, to $944 million. EBITDA grew by 15%, to $142 million. The company net debt as of March 31, was $2.64 billion. (Ukrainian metal)
In January-March the Pipe Metal Company sold 850 thousand tons of pipes to customers, up by 0.6% YoY. According to the company statement, seamless pipes sales increased by 16.7%, to 658 thousand tons thanks to the stable demand form oil-and-gas companies. Welded pipes sales dropped by 31.8%, to 192 thousand tons, mostly because of the…
The Pipe Metallurgical Company has for the first time supplied its TMK Up Magna casing pipes with Green Well coating to Lukoil. The pipes have been successfully put into operation in the Caspian Sea. TMK Up Magna is the premium-class joint for casing pipes with 340-508 mm diameter. The share of TMK on the Russian…
The Pipe Metal Company has supplied the first batch of drill pipes with the premium interlock of the second generation – TMK UP EXD. The pipes have been shipped to Samotlorneftepromkhim. The new interlock is easier to assemble which decreases time and expenses for drilling. TMK UP EXD has been developed by TMK – Premium…
The net profit of TMK in 2016 reached $166 million as opposed to $368 million of losses in 2015. According to the company statement, its revenues decreased by 19.1%, to $3.33 billion, with gross profit down by 16.7%, to $704 million. EBITDA dropped by 18.6%, to $530 million. Net profit in Q4 2016 totaled $84…
The Pipe Metal Company has started supplying new premium-quality products to its customers – the Light insulated lift pipes (ILP). Last year the company sold 14.5 km of Light ILP to Tyumenneftegaz, a daughter company of Rosneft, as well as Messoyakhaneftegaz, a Rosneft and Gazprom neft JV. The ILP are used as compressor-pump pipes to…
The Pipe Metallurgical Company has announced the increase of all of its Russian division pipe product prices by 5% from March 1. The increase will affect all categories of consumers. The main reason for the price increase is the growth of raw materials cost and other industrial expenses in H2 2016, which affected the prime…