TMK, one of the world’s leading producers of tubular products for the oil and gas industry, has taken part in the 2018 International Offshore Technology Conference (OTC), Houston, USA. At the event, TMK showcased its full range of TMK UP premium threaded connections used in oil and gas wells operating in adverse conditions, including offshore…
TMK, one of the world’s leading producers of tubular products for the oil and gas industry, announced that the Board of Directors at its meeting on April 26 decided to hold an Annual General Meeting of Shareholders (AGM) on June 21. The record date for the list of shareholders eligible to participate in the AGM…
Izhstal has been included into the registry of suppliers approved by the Pipe Metallurgical Company. TMK has included Izhstal into its list following the audit of the Pipe Industry Research Institute. The audit has confirmed the Izhstal correspondence with the requirements of ISO 9001, supply agreements and legislation. “This allows us selling metal products to…
In January-March TMK sold 980 thousand tons of pipes, up by 1% QoQ and by 16% YoY. Seamless pipes sales remained almost on the level of the previous quarter, but grew by 3% YoY, to 677 thousand tons. Welded pipes sales increased by 4% QoQ and by 64% YoY, to 303 thousand tons. OCTG pipes…
Pipe Metal Company, the major pipe producer in Russia, is awaiting a positive effect for its American subsidiary IPSCO from the duties on steel and aluminum. “We believe that the duties imposed will positively affect IPSCO business, as the company does not import steel as raw materials. As to the other TMK companies, the estimation…
Industrial group Energoprom has signed a contract with oil and gas pipe producer TMK to sell graphitized electrodes in 2018-2022, Energoprom said in a statement on March 7 without disclosing other details of the contract. Sales of Energoprom will cover up to 40% of TMK’s demand in graphitized electrodes, the company said. (Prime/Ukrainian metal)
In 2017 Pipe Metal Company increased EBITDA by 14.2% YoY, to $605 million. According to the company statement, revenue grew by 31.6%, to $4.394 billion. TMK did not disclose the amount of its net profit. “We expect EBITDA to increase this year because of the further growth of our American division results”, TMK said. In…
TMK, one of the world’s leading manufacturers of tubular products for the oil and gas industry, announces full redemption of the loan participation notes due in January in the total nominal value of $231 million on January 29. The $500-million eurobonds with a coupon rate of 7.75% and a 7-year maturity were issued by TMK…