10th Nov 2008 13:44
November 10, 2008 PRESS RELEASE
TMK October 2008 Shipment Volumes
TMK, one of the world's largest oil and gas pipe producers and the market leader of the Russian pipe industry, announces that it shipped 315 thousand tonnes of pipe products in October 2008, representing a 25.5% increase over October 2007 shipments. This increase in shipment volumes is attributable to capacity growth brought on by the consolidation of production assets in the USA and Kazakhstan in mid-2008. TMK October shipments also represented a 4.3% increase over September 2008.
At the same time, TMK strengthened its market position in Russia. Despite weaker demand in the utilities, construction and machine-building sectors, TMK's share of total pipe shipments from Russian mills increased from 31.6% in September to 34.9% in October, thanks to the Company's dominant position in its core oil and gas pipe segment.
TMK (www.tmk-group.com)
TMK (LSE: TMKS) is the largest pipe producer in Russia and one of the three global market leaders.
In 2007, TMK shipped over 3 million tonnes of pipes. TMK supplies to companies in more than 60 countries.
TMK production facilities are located in Russia, the United States, Romania and Kazakhstan
Volzhsky Pipe Plant
Seversky Tube Works
Taganrog Metallurgical Works
Sinarsky Pipe Plant
TMK IPSCO
TMK-Resita SA
TMK-Artrom SA
TMK-Kaztrubprom
TMK Oilfield Services
TMK-Premium Service
For further information please contact:
TMK IR Department
Alexei Ratnikov
Tel: +7 495 775 7600 ext. 2078
Email: [email protected]
TMK PR Department
Alexey Sotskov
Tel: +7 495 775 7600 ext. 2125
Email: [email protected]
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