OAO TMK

This article is about the steel company TMK. For other uses, see TMK.
OAO TMK
Native name
 OAO Трубная Металлургическая Компания
Public
Traded as LSE: TMKS
MCX: TRMK
OTCQX: TMKXY
Industry Steel industry
Founded 2001
Headquarters Moscow, Russia
Key people
 Dmitry Pumpyanskiy (Chairman)
Alexander Shiryaev (CEO)
Products Steel pipes
Revenue US$4.127 billion (2015 year, IFRS)
US$443 million (2015 year, IFRS)
US$368 million (2015 year, IFRS)
Number of employees
 45,000
Website tmk-group.com

OAO "TMK" (Russian: OAO Трубная Металлургическая Компания Truvnaya Metallurgiyeskaya Kompaniya; English: Pipe Metallurgical Co., OJSC) (LSE: TMKS and MCX: TRMK) 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 United States. Headquarters – Moscow (Russia), Houston (USA).

History

TMK was established in 2001.

In 2002 TMK incorporated Volzhsky Pipe Plant, Seversky Pipe Plant and Sinarsky Pipe Plant. A Trade House TMK representative office was opened in Baku (Azerbaijan).

In 2003 a new TMK subsidiary, TMK-Kazakhstan, was established.

In 2004 TMK incorporated Taganrog Metallurgical Works.

In 2005 TMK established and incorporated TMK Global, a representative office was opened in Beijing (China). CJSC TMK was reorganized into an Open Joint Stock Company.

In 2006 ТМК made IPO of its GDRs on the London Stock Exchange. TMK incorporated the Romanian mills TMK-Artrom and TMK-Resita, and the Russian Orsky Machine Building Plant. The TMK Middle East trading subsidiary was created the same year.

In 2007 TMK acquired oilfield service companies including Truboplast, TMK NGS-Nizhnevartovsk, and TMK NGS-Buzuluk, as well as the Russian Research Institute for the Tube and Pipe Industries (RosNITI), Russia's largest pipe industry research institute. TMK-CPW, a joint venture between TMK and Corinth Pipeworks, and ТМК-Premium Service were established. TMK’s shares began trading on the MICEX Stock Exchange. Additionally, ТМК opened representative offices in Turkmenistan and Singapore.

2008 was marked by the acquisition of US pipe assets and the creation of the American division - TMK IPSCO. The Company also established TMK Oilfield Services and acquired TMK-Kaztrubprom (Kazakhstan).

In 2009 the TMK European Division was created. It includes TMK Europe, TMK Italia, TMK-Artrom, TMK-Resita.

In 2010 TMK-INOX became a joint venture between TMK and RUSNANO, it coordinates production and sales of precision stainless pipes. TMK ADRs began trading on the OTCQX International Premier trading platform in the US.

In 2011 TMK representative office in Uzbekistan was opened.

In 2012 the new Research & Development Center in Houston (Texas, United States) was commissioned and the Trade House TMK subsidiary in Orsk (Orenburg region) was opened. TMK acquired 55% of Gulf International Pipe Industry L.L.C. (GIPI) located in Oman and established a service joint venture with EMDAD in Abu Dhabi, the United Arab Emirates.

In 2013 TMK acquired pipe services and precision manufacturing assets incorporated into OFSi company (Houston, USA).

Heads

Dmitry A. Pumpyanskiy – Chairman of the Board of Directors, Alexander Shiryaev - CEO

Profile

TMK plants produce almost the entire range of existing pipes used in the oil-and-gas sector, the chemical and petrochemical industries, energy and machine-building, construction and municipal housing, shipbuilding, aviation and aerospace, and agriculture.

TMK pipes are manufactured from carbon, stainless, and heat and cold-resistant steels, nickel alloys.

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 global market presence is supported by its extensive international distribution network. Sales are made through TMK Trade House and a number of other distributors. TMK supplies products to more than 80 countries around the world. In addition to direct sales, the Company’s products are distributed by more than 100 official dealers in Russia and the CIS.

TMK’s main markets are Russia, the United States, the Middle East, Europe, North Africa, South and Southeast Asia, and the CIS.

Production and operation subsidiaries

Production

TMK Russian Division

TMK American Division

TMK European Division

TMK Middle East Division

TMK GIPI (Oman) – since 2011

Services

R & D

Russian Research Institute for the Tube and Pipe Industries (RosNITI) in Chelyabiinsk (Russia) was established in 2007. R&D center in Houston (Texas) was opened in 2012.

Clients

TMK’s clients include such leading Russian and foreign companies as Rosneft, Gazprom, Transneft, Lukoil, Surgutneftegas, Shell, Total, Occidental Petroleum, Anadarko Petroleum, Saudi Aramco, AGIP, Wintershall, ONGC, KOC, Repsol and others.

Sponsorship

Russia-based entities provide support to orphanages, educational and medical institutions and finance sport teams.

In the Urals Federal District accommodating two TMK entities, charity programmes are run through the corporate charitable foundation Sinara, a professional operator. This facilitates partnership with civic institutions through grant competitions.

To promote sports, TMK sponsors:

Also Dmitry Pumpyanskiy is a member of the Council of trustees of the “Russian Olympic Foundation”.

TMK European Division acted as the main sponsor of Russian Culture Days 2013 in Bucharest dedicated to the 135th Anniversary of diplomatic relations between Russia and Romania.

TMK GIPI employees of the Middle East Division are regular participants in blood donation campaigns in support of cancer, heart diseases and HIV sufferers.

TMK’s US Division acted as a leading corporate sponsor of the Age of Impressionism exhibition in the Museum of Fine Arts, Houston. Support is also provided to charity organisations in the cities where the Division’s entities operate, including the American Cancer Society and United Way.

References

  1. ↑ Company Overview of Volzhsky Pipe Plant, Bloomberg Business.

See also

TMK (disambiguation)

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