11th Oct 2007 07:46
OAO TMK11 October 2007 -------------------------------------------------------------------------------- Moscow, October 11, 2007 PRESS RELEASE TMK Production Results for the First Nine Months of 2007 OAO "TMK" (TMK), one of the world's largest oil and gas pipe producers and themarket leader of the Russian pipe industry, today announces its productionresults for the nine month period ended 30th September 2007. For the first 9 months of 2007, TMK shipped(1) 2,369 thousand tonnes of steelpipes, a 6.3% increase compared to the first nine months of 2006. Volumes of shipped pipe products(thousands of tonnes) Product First 9 months 2007 First 9 months 2006 Change,% Seamless pipes 1,599 1,444 +10.7% including 724 707 +2.4%OCTG Welded pipes 770 785 -1.9% Total of pipes 2,369 2,229 +6.3% -------------------------- (1) "Shipped" refers to shipped from TMK plants for subsequent sale tocustomers. "Favourable dynamics in production volumes in the first nine months of thepresent year show the first results of our strategic programme aimed atincreasing our volumes in the high margin seamless pipes segment.We managed to considerably increase shipments of seamless products, includingshipments of high value-added pipes, in spite of a high load factor inproduction capacity. Steady demand from the Russian oil and gas sector alsocontributed to this increase. Shipments of industrial seamless pipes grew as aresult of an increase in production after the commissioning of a new rollingmill at TMK-Artrom. A small decrease in welded pipe shipments was caused bygeneral market trends", said CEO, Konstantin Semerikov. OAO "TMK" Founded in 2001, TMK (LSE: TMKS) is the largest pipe producer in Russia and oneof the three global market leaders. TMK supplies to companies in more than 60countries. In 2006, TMK sold almost 3 million tonnes of pipes. TMK production facilities are located in Russia and Romania: • Volzhsky Pipe Plant; • Seversky Tube Works; • Taganrog Metallurgical Works; • Sinarsky Pipe Plant; • Orsky Machine Building Plant; • Truboplast • SC TMK-ARTROM SA; • SC TMK-Resita SA. For further information please contact: TMK PR Department: Sergey IlinTel: +7 495 775 7600 ext. 2149Email: [email protected] Or visit: www.tmk-group.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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