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TMK
OAO TMK (TMK) is Russia’s largest manufacturer and exporter of steel pipes. It has production plants in Russia, the U.S. (TMK IPSCO), Romania and Kazakhstan.
Latest News
Tenaris Completes Acquisition of IPSCO Tubulars
03 January 2020 - Tenaris S.A. has finalized its US$1.07 billion acquisition of IPSCO Tubulars Inc. and has signed a new distribution agreement with IPSCO parent PAO TMK, the company announced.
Justice Department OKs IPSCO Acquisition
23 December 2019 - The U.S. Department of Justice has cleared Tenaris’ planned acquisition of PAO TMK’s North American unit, IPSCO Tubulars Inc.
TMK Sees Revenue Dip in First Three Quarters of 2019
20 November 2019 - Revenues at Russian oil country tubular goods maker PAO TMK declined 4% through the first nine months of 2019 on account of reduced sales in North American and Europe, the company said Wednesday.
Tenaris Expands in U.S. Through US$1.2B Deal
22 March 2019 - Tenaris has signed an agreement to acquire PAO TMK’s North American pipe and tube business for US$1.2 billion.
TMK Remains Committed to Public Offering for IPSCO Shares
25 May 2018 - Despite having canceled an initial public offering for its U.S. subsidiary, Russian pipe and tube maker TMK said it still intends to take IPSCO Tubulars public.
New Heat Treat Line Earns Final Acceptance
16 April 2018 - Romanian pipe producer TMK-ARTROM has issued the final acceptance certificate on a new heat treat line at its plant in Slatina.
IPSCO Sets Aside Initial Public Offering
12 February 2018 - IPSCO Tubulars has postponed its initial public offering, citing adverse market conditions.
TMK IPSCO Launches IPO, Aims to Raise More than US$465M
30 January 2018 - The American arm of Russian tubemaker PAO TMK has launched its initial public offering at US$20 to US$23 per share.
TMK IPSCO Files for IPO
15 January 2018 - The North American division of Russian oil country tubular goods maker PAO TMK is moving to become public, filing to register its shares with the U.S. Securities and Exchange Commission.
TMK IPSCO Proposes Initial Public Offering
01 December 2017 - TMK’s U.S. subsidiary is preparing to go public, announcing Thursday that has filed a preliminary registration statement with the Securities and Exchange Commission.
TMK Looks for Strong Second Half of 2017
21 August 2017 - Russian tubemaker PAO TMK posted a US$19 million loss in the second quarter, but remained profitable through the first half of 2017, the company said.
North American OCTG Demand Lifts TMK Profits
19 May 2017 - Russian tubemaker TMK posted a US$42 million profit in the first quarter of 2017, buoyed by an improving oil and gas market in North America.
TMK Forecasts Improving Conditions in 2017
16 January 2017 - Oil country tubular goods maker TMK said it expects the U.S. oil and gas market will continue to recover this year on the back of global rebalancing, spurring increased pipe consumption.
To Cut Its Debt, TMK Considers Selling Foreign Assets
19 August 2016 - Tubemaker TMK might sell some of its assets as it looks to pare US$2.5 billion in net debt, reports the Reuters news service.
Romanian Tubemaker Adding Heat Treatment Line to Mill
22 February 2016 - Romania’s TMK-ARTROM has awarded a contract to the SMS group for a new heat treatment line, according to SMS.
New Coating Technology Put to Use in Offshore Well
29 December 2015 - Russia's TMK has shipped 32 metric tons of premium well products featuring its lubricant-free GreenWell polymer coating technology, the company has announced.
TMK Profits Rise In Spite of Declining Shipments
25 August 2015 - Oil country tubular goods manufacturer OAO TMK saw its shipments decline 6 percent in the first half of 2015, largely on account of persistently low oil prices in the U.S. and the resulting slowdown in drilling, the company reported.
TMK and RUSNANO Expand High-Tech Pipe Production
11 February 2015 - Russian tubular products producer TMK and state-owned RUSNANO Corp. are running a joint project at TMK’s Seversky pipe plant to expand the production of high-tech pipe with improved performance for the oil and gas industry.
TMK Ships LD Pipe for NOVATEK’s Yurkharovskoye Field
22 April 2014 - TMK has supplied large diameter pipe (LD pipe) for the compressor station at Yurkharovskoye field in Russia.
TMK Authorized to Ship Pipe to Iraq's South Oil Company
03 March 2014 - TMK, one of the world’s leading producers of tubular products for the oil and gas industry, has received official confirmation that its pipes made of the company’s Russian-produced billets are eligible for use by Iraq's South Oil Company (SOC).
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