TMK’S Board of Directors Approves a Tender Offer by its Subsidiary for its Ordinary Shares and Delisting of its GDRs
PAO TMK, one of the world’s leading producers of tubular products for the oil and gas industry, announces that the Board of Directors of TMK, at its meeting on 8 April 2020, has approved a programme to purchase ordinary shares of the Company. In addition, the Board of Directors of …
TMK Announces 4Q and FY 2019 IFRS Results
PAO TMK, one of the world’s leading producers of tubular products for the oil and gas industry, today announces its audited consolidated IFRS financial results for the year ended December 31, 2019. FY 2019 Highlights Financial § FY Revenue down 7% y-o-y at $4,767m. Russian division’s FY Revenue up 6% …
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 FY 2019 Operational Results
4Q 2019 shipments data is preliminary and may be adjusted. TMK, one of the world’s leading producers of tubular products for the oil and gas industry, announces its operational results for the fourth quarter and twelve months of 2019. The Group’s operational results include the operational results of the American division …
TMK Takes Leading Positions in RSPP and AK&M Ratings for Sustainable Development and Social Effectiveness
PAO TMK has confirmed its status as a leader in the field of sustainable development and social effectiveness among Russian companies. In 2019, TMK attained leading positions in rankings for best corporate practices in Responsibility and Transparency, and Sustainable Development assigned by the Russian Union of Industrialists and Entrepreneurs, or …
TMK Closed Sale of 100% of Ipsco Tubulars Inc. Shares to Tenaris
Forward-looking statements: The following contains forward-looking statements concerning future events. These statements are based on current information and assumptions of TMK management concerning known and unknown risks and uncertainties. January 03, 2020 – PAO TMK announces that it has closed the sale of 100% of the shares of IPSCO Tubulars …
TMK Announces the U.S. Department of Justice Approved Tenaris’s Acquisition of IPSCO Tubulars from TMK
PAO TMK announces that the U.S. Department of Justice (DOJ) has closed its investigation of Tenaris’s proposed acquisition of IPSCO Tubulars, Inc. from PAO TMK. The proposed transaction was entered into on March 22, 2019 pursuant to a Stock Purchase Agreement between PAO TMK, one of the world’s leading producers …
TMK Announces 3Q and 9M 2019 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 third quarter of 2019 and nine months ended September 30, 2019. 9M 2019 Highlights Financial – 9M Revenue down 4% y-o-y at $3,667m. …
TMK Announces 3Q 2019 Operational Results
TMK, one of the world’s leading producers of tubular products for the oil and gas industry, announces its operational results for the third quarter and nine months of 2019. 9M and 3Q 2019 Summary Results (thousand tonnes) Product 9M 2019 9M 2018 Change 3Q 2019 2Q 2019 Change Seamless pipe 2,003 …
TMK Announces 2Q 2019 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 six months ended June 30, 2019. 2Q 2019 Highlights Financial § 2Q Revenue up 4% quarter-on-quarter to $1,307m § 2Q Adjusted EBITDA up 11% …