In January-September TMK received $3,667 million of revenue, down by 4% YoY. The Russian division revenue grew by 4%, to $2,719 million. EBITDA reached $508 million, down by 3%, with Russian EBITDA amounting to $438 million, up by 21%. Net debt as of September 30 totaled $2,671 million. (Ukrainian metal)
Pipe Metal Company and Prommashkomplekt LLC, manufacturer of products for railroad, have signed an agreement on the delivery of continuous cast pipe billets. The document was signed by TMK deputy CEO Sergey Marchenko and Prommashkomplekt commercial director Dmitriy Karakulov. According to the contract, TMK will annually supply Prommashkomplekt with up to 65 thousand tons of…
Metalloinvest and the Pipe Metallurgical Company have concluded an agreement on the delivery of hot-briquetted iron and rolled sheets (strips). In particular, the parties have agreed that in 2020 Metalloinvest will supply TMK with some 240 thousand tons of HBI manufactured by Lebedinsky GOK. The second contract presupposes the delivery of around 75 thousand tons…
In January-September TMK decreased pipes sales by 2% YoY, to 2.93 million tons, mostly due to the drop in sales in the American division. Sales of seamless pipes went down by 1%, to 2.003 million tons, and welded – by 5%, to 927 thousand tons. Sales of OCTG pipes decreased by 4%, to 1.364 million…
TMK has supplied the second batch of casing pipes with the size of 244.45×11.99 mm of the L80 strength group and with TMK UP PF joints to Sakhalin Energy Investment Company Ltd for the oil and gas project Sakhalin-2. The pipes were produced at Volzhsky Pipe Works. The order has been fulfilled under a long-term…
The coordination council of MMK and TMK has held a meeting. The parties discussed the results of cooperation and set prospects to continue it. This was the 27th meeting of the council. In 2018 TMK pipe plants received over half a million tons of flat rolled metal manufactured by MMK. In January-September deliveries will total…
Pipe Metal Company has concluded an agreement with Gazprombank on a loan of 14.09 billion rubles. The funds will be provided until March 21, 2025. TMK daughter companies – Sinarsky Pipe Works, Seversk Pipe Works and Taganrog Iron and Steel Works – acted as guarantors. The agreement with SinTZ was signed on September 18, while…
In April-June TMK increased revenue by 4% QoQ, to $1307 million. EBITDA grew by 11%, to $195 million. Net debt as of June 30 totaled $2641 million. In H1 revenue decreased by 2% YoY. EBITDA went up by 4%, to $370 million. In particular, Russian division EBITDA increased by 18%. (Ukrainian metal)