Severskiy Pipe Plant’s losses go up 38.39%

The losses of Severskiy Pipe Plant (a member of Pipe Metallurgical Company/TMK) rose by 38.39% in the third quarter of 2009. The figures actually increased from 238.93 million RUR in the second quarter of the year to 330.66 million RUR in the third quarter.

The company explains the increased losses have to do with their growing debt liabilities.

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