TMK, one
of the world's leading producers of tubular products for the oil and gas
industry, has made its first shipment of Russian-manufactured casing with
ULTRA-FJ Premium Connections (a product patented by the company’s American
division). The pipe was produced at the Orsk Machine Building Plant and
delivered to Lukoil.
The grade
L80 pipe was manufactured in accordance with the standards of API Spec 5CT,
PSL-1, R3. The Company’s longer-term plans involve the production of ULTRA
Premium Connections at other Russian facilities.
“The
synergetic effect of collaboration between TMK’s Russian and American divisions
is reflected in the expanding range of high-tech products that the Company
supplies to both global and local markets,” said Alexander Shiryaev, TMK CEO.
“Among other things, the production of the ULTRA Premium Connections in Russia
will allow us to improve our own Premium class offering to the largest Russian
oil and gas companies, in which they are becoming increasingly
interested.”
TMK is a leading global manufacturer and supplier of steel pipes for
the oil and gas industry, operating 24 production sites in the United States,
Russia, Romania and Kazakhstan and two R&D centres in Russia and the USA. In
2011, TMK’s pipe shipments totaled 4.23 million tonnes. The largest share of
TMK’s sales belongs to high margin oil country tubular goods (OCTG), shipped to
customers in 85 countries. TMK delivers its products along with an extensive
package of services in heat treating, protective coating, premium connections
threading, warehousing and pipe repairing.
TMK’s ordinary shares are listed on Russia’s major stock exchange –
MICEX-RTS. Its GDRs are traded on the London Stock Exchange, and its ADRs – on
the OTCQX International Premier trading platform in the U.S.
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