TMK, one of the world’s leading producers of tubular products for the oil and gas industry, has won Transneft’s tender for large-diameter pipes (LDP) supply.
From January to April 2015, TMK will supply Transneft and its contractors with 31,583 tonnes of large-diameter pipes, which will be produced at its Volzhsky Pipe Plant and used for repair and reconstruction of Transneft’s oil trunk pipelines.
TMK (LSE: TMKS) is a leading global manufacturer and supplier of steel pipes for the oil and gas industry, operating 28 production sites in the United States, Russia, Canada, Romania, Oman, UAE, and Kazakhstan and two R&D centers in Russia and the USA. In 2013, TMK’s pipe shipments totaled 4.3 million tonnes. The largest share of TMK’s sales belongs to high margin oil country tubular goods (OCTG), shipped to customers in over 80 countries. TMK delivers its products along with an extensive package of services in heat treating, protective coating, premium connections threading, warehousing and pipe repairing.
TMK’s securities are listed on the London Stock Exchange, the OTCQX International Premier trading platform in the U.S. and on the Moscow Exchange MICEX-RTS.