TMK Profile

TMK is one of the world’s leading producers of steel pipes, Russia’s largest producer and exporter of pipes and a noted player on the North American market. The Company’s shares are traded on the London Stock Exchange, the OTCQX International Premier trading platform in the United States, and on Russia’s RTS and MICEX stock exchanges.

The Company was founded in 2001 and currently integrates production assets in Russia, the United States, Romania and Kazakhstan. TMK includes the Volzhsky Pipe Plant, Seversky Tube Works, Sinarsky Pipe Plant and Taganrog Metallurgical Works, located in Russia, TMK IPSCO, comprised of 11 production facilities in the United States, and TMK-ARTROM and TMK-Resita in Romania. The Company also includes oil service assets: Orsky Machine-Building Plant, Truboplast, Central Pipe Yard and the Pipe Maintenance Department, located in Russia, and TMK-Kaztrubprom, located in Kazakhstan.

TMK is the largest supplier of tubular products for production and transport of oil and gas in Russia and the United States. The recovery of the North American market in 2010 has enabled the Company to strengthen its position in the segment of pipes for directional and horizontal drilling in North America. The continuing implementation of large pipeline projects in Russia has confirmed the correctness of the decision to favor development of longitudinally welded large diameter pipes. After overcoming the difficulties of 2009, TMK ended 2010 with significant growth in terms of volume of pipe sold, earnings and EBITDA.

The consolidation of production assets and the use of leading scientific and engineering developments has allowed the Company to create a modern technological complex that manufactures high-tech and competitive products. TMK’s unique production and service capabilities allow it to satisfy the demands of a wide range of customers and offer effective solutions for their operational challenges.

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