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Latest OAO TMK Stories

2009-02-03 13:32:00

DOWNERS GROVE, Ill., Feb. 3 /PRNewswire-FirstCall/ -- TMK, one of the world's largest oil and gas pipe producers and the market leader of the Russian pipe industry, announced today that it has acquired 49% of NS Group Inc. (USA) from Evraz Group S.A. earlier than scheduled and in accordance with a call / put option that has existed between TMK and Evraz. As a result of this transaction, TMK now owns 100% of NS Group Inc. TMK also announced that it has repaid the remainder of the US 1.2...

2008-09-18 00:00:24

By Joe Napsha With oil hovering around $95 a barrel and drilling in the United States for oil and natural gas on the rise, the new Russian-based owner of steel tube plants in Koppel and Ambridge in Beaver County sees a bright future for local operations. "We see a number of pluses in this acquisition and in this market. The market is so dynamic. Everybody worldwide is drilling more, exploring more," said Piotr Galitzine, chairman of TMK IPSCO, the Lisle, Ill.-based North American...

2008-09-16 09:00:45

MOSCOW. Sept 10 (Interfax) - Russian steel pipe maker OJSC TMK has entered into an agreement to license TMK FMC premium connection technology to Chinese tubular producer Beijing Huayou Xingye Materials Co (BHXM), TMK said in a press release. TMK-Premium Service, a TMK subsidiary specialising in the production and supply of premium connections to the oil and gas sector, concluded the agreement with BHXM. Under the licensing agreement, BHXM will produce 20,000 tonnes of TMK FMC premium casing...

2008-09-08 00:00:22

By Joe Napsha When Russian leader Nikita S. Khrushchev toured the United States in 1959, he visited Mesta Machine Co. in West Homestead to see a mill that made machine tool and steel mill equipment for the thriving steel industry. Today, the Russians are doing more than just visiting steel mills and steel-supply plants to see how they work -- they're buying some of the nation's steel industry assets, thanks in large part to Russian tycoons who are worth billions of dollars, experts say....

2008-06-14 21:00:11

MOSCOW. June 14 (Interfax) - The Pipe Metallurgical Company (TMK) together with Evraz Group had closed the deal of buying IPSCO pipe plants from SSAB Svenskt Stal AB. A TMK press release says that company bought 100% in IPSCO Tubulars Inc. and 51% of NS Group located in the United States for approximately $1.25 billion. TMK and Evraz also agreed on an option for the remaining 49% in NS Group, which can be carried out a price of about $500 million. As a result of the deal TMK acquired 10...


Word of the Day
toccata
  • In music, a work for a keyboard-instrument, like the pianoforte or organ, originally intended to utilize and display varieties of touch: but the term has been extended so as to include many irregular works, similar to the prelude, the fantasia, and the improvisation.
This word is Italian in origin, coming from the feminine past participle of 'toccare,' to touch.
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