28th Nov 2007 11:13
OAO TMK28 November 2007 -------------------------------------------------------------------------------- November 28, 2007 PRESS RELEASE Installation of a New Finishing Line for Casing Pipes Underway at Volzhsky PipePlant TMK announces today that a new finishing line for casing pipes is beinginstalled at its Volzhsky Pipe Plant subsidiary. This new equipment will beadded to the No3 pipe rolling workshop (TPC-3) and will have 200,000 tonnes ofannual finishing capacity. The equipment will be supplied by IVTWH (Germany), Bronx (USA), and EMAG (Germany) and installed by Teploenergomontazh (Russia). Over 46 tonnes of equipment has already been installed in the workshop. Commissioning of the new line is scheduled for June 2008. Volzhsky's TCP-3 produces seamless casing and line pipes with diameters rangingfrom 168 to 426 mm for use in oil and gas production and in the power industry. The construction of this new casing finishing line is part of TMK's StrategicInvestment Programme, running up to 2010. The workshop is to undergo further upgrading with the installation of a new340,000 tpa heat treatment line and a production line with integratedphosphatising for casing couplings. Hot rolling equipment will also be upgradedand modified to permit the use of round billets, allowing its capacity to beincreased to 720,000 tonnes of pipes per year. OAO "TMK" Founded in 2001, TMK (LSE: TMKS) is the largest pipe producer in Russia and oneof the three global market leaders. In 2006, TMK sold approximately 3 million tonnes of pipes. TMK supplies tocompanies in more than 60 countries. 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 pipe coating company • SC TMK-ARTROM SA; • SC TMK-Resita SA. For further information please contact: TMK PR Department: Sergey Ilin Tel: +7 495 775 7600 ext. 2149 Email: [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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