OAO TMK

OAO TMK

OAO "TMK" (Russian: OAO Трубная Металлургическая Компания; English: Pipe Metallurgical Co., OJSC) (LSE: TMKS and MCX: TRMK) is a Russian producer of steel pipes for the oil and gas sector. It produces pipe grades used in the oil and gas sector, the chemical and petrochemical industries, for construction and housing, shipbuilding, aviation, as well as for space industry needs and applications. Its pipes are manufactured from carbon steel, stainless and heat-resistant steels, and titanium and nickel alloys.

Founded in 2001, it has production plants in Russia, the United States, Romania and Kazakhstan and has an annual production capacity of more than 6 million tonnes of pipe products that it delivers to companies in more than 65 countries. TMK employs 50,000 employees worldwide and 2008 net sales were around US$5.8 billion. In 2009, TMK ranked first globally in shipment volumes with over 2.7 million tonnes of pipe products sold for the year.

TMK clients include the oil and gas companies Gazprom, Transneft, Lukoil, Rosneft, TNK-BP, Surgutneftegas, Royal Dutch Shell, Total S.A., Occidental Petroleum, Anadarko Petroleum, Saudi Aramco, AGIP, Wintershall, ONGC, Kuwait Oil Company, Repsol, and Statoil. TMK also supplied pipes in many Russian and international projects, including the Caspian Pipeline Consortium crude pipeline system, the Baltic Pipeline System, and the Yamal-Europe pipeline. TMK is also a supplier in the expansion of the Central Asia-Center gas pipeline system.