TMK Acquires a Metal Scrap Company
TMK, one of the world’s leading producers of tubular products, acquired 100% interest in ChermetServis-Snabzhenie. The deal value totalled about RUB 2.73 bn. This expenditure will not increase TMK’s CAPEX in 2015. On the contrary, it is to be reduced by more than 30% compared to 2014 (with the current deal value already factored in). …