Pipe Metallurgical Company Presents New Development Strategy in London

7 November 2017 (09:52)

UrBC, Yekaterinburg, November 7, 2017. Pipe Metallurgical Company (TMK) presented its new development strategy for 2017-2027 and a report on the company’s current performance in London. According to TMK press service, the presentation was part of the company’s 5th Annual Investor Day.

‘The new strategy is expected to help TMK remain the world’s leading OCTG supplier and the Russian oil and gas sector’s leading pipe produce supplier. We also intend to remain among the top three OCTG manufacturers in the U.S and the world’s second most financially successful OCTG producer,’ TMK press service says.

Under the new strategy, TMK intends to increase the share of hi tech produce its Russian assets sell to customers to 50% by 2022, and to still remain the largest premium threaded joints manufacturer on the home market. The company also expects to increase its revenues by $100m a year by selling new types of innovative produce.

TMK also plans to expand its share of Russian and American OCTG and line pipe markets through more efficient use of existing facilities and introduction of new ones and, possibly, through joining certain business alliances.

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