Igor Korytko: Digitalization is a Prerequisite for the Development of an Industrial Company
Pipe Metallurgical Company (TMK) will continue the course towards digital transformation, which is a prerequisite for the development of the industry. This was stated by Igor Korytko, General Director of TMK, speaking at the 5th SAP International Mining and Metallurgical Summit. The summit was held on September 15 in an online format, …
TMK Announces Key Appointments in the Company Following the Acquisition of ChTPZ
Pipe Metallurgical Company (TMK) announced the appointment of a number of key executives following the acquisition of an 86.54% stake in PJSC ChTPZ. General Director of TMK Igor Korytko became the General Director of PJSC Chelyabinsk Pipe-Rolling Plant (ChTPZ) and JSC Pervouralsk Novotrubny Plant (PNTZ). Boris Kovalenkov, who previously held the …
TMK Starts Shipping Pipes for Uzbekneftegaz Under an Annual Contract
Pipe Metallurgical Company (TMK) has started shipping pipe products for Uzbekneftegaz JSC under an annual contract. More than 9 thousand tons of pipes have already been delivered to the partners. The annual contract with Uzbekneftegaz JSC was signed following the results of bilateral negotiations in December 2020 at the Embassy …
TMK: Becomes First Company in Russia to Bench Test Premium OCTG Connections to ISO Standards
TMK’s R&D facility at Skolkovo has become the first in Russia to run comprehensive bench tests of premium OCTG connections. The research took several months and was conducted to ISO standards to verify the performance of TMK UP CENTUM quick-assembly threaded connections. The tests marked the culmination of extensive efforts …
TMK to Expand Cooperation with Uzbekistan’s Oil and Gas Companies
TMK has reached an agreement on expanding cooperation with the largest oil and gas company in Uzbekistan – JSC Uzbekneftegaz. The parties are discussing joint projects aimed at the development of the oil and gas industry in the Republic of Uzbekistan, as well as research and technical cooperation. The agreement was …
TMK: Announces 9M 2020 IFRS Results
PAO TMK, one of the world’s leading producers of tubular products for the oil and gas industry, today announces its interim consolidated IFRS financial results for the nine months ended September 30, 2020. 9M 2020 Highlights Financial 9M Revenue down 32% year-on-year at RUB 163.1 billion, reflecting the disposal of …
TMK Successfully Completes USD 500 Million 7-year Eurobond Issue
TMK, one of the world’s leading producers of tubular products for the oil and gas industry, announces that it has closed a USD 500 million 7-year Eurobond issue with a coupon of 4. 30%. The coupon represents the lowest-ever USD yield achieved by a non-Investment Grade corporate from the CIS. …
TMK Announces Board of Directors decisions and Management Changes
TMK today announces decisions taken by the Board of Directors at a meeting held on June 21, 2019. Dmitry Pumpyanskiy was re-elected as the Chairman of TMK’s Board of Directors. The Board of Directors has elected Igor Korytko, Vice President for Efficiency Management of TMK, as the CEO of the …