London Stock Exchange welcomes 10th Listing Anniversary of TMK
Today, on the morning of its fourth annual London Capital Markets Day, TMK (LSE: TMKS) is opening the Market at the London Stock Exchange, to mark the company’s 10th anniversary of listing of its GDRs, and 15 years since the company was founded.
Dmitry Pumpyanskiy, Chairman of the Board of Directors, said: ‘Since listing in London in 2006, we have significantly expanded the business to become a global leader in providing pipes to the energy sector. We remain committed to creating value for our international investors and I am delighted to open the Market today, confident that TMK has a solid strategy in place to drive performance in a changing global environment.’
TMK is a leading global manufacturer and supplier of steel pipe for oil and gas industry, operating more than 30 production sites in the United States, Russia, Canada, Romania, Oman and Kazakhstan and two R&D centers in Russia and the USA. In 2015, TMK’s pipe shipments totaled 3.9 million metric tons. The largest share of TMK’s sales belongs to high margin oil country tubular goods (OCTG), shipped to customers in over 80 countries. TMK delivers its products along with an extensive package of services in heat treating, protective coating, premium connections threading, warehousing and pipe repairing.