TMK was established in 2001. At the beginning of 2002, TMK and two Russian pipe manufacturers, Volzhsky Pipe Plant and Seversky Tube Works, concluded an agreement by which TMK would oversee the strategic planning and coordination, production development, technical, marketing, sales, financial and economic policies for the two mills.
TMK later concluded a management agreement with Taganrog Metallurgical Works in July 2002 and Sinarsky Pipe Plant in March 2003 by which time TMK had effectively taken over the management of the four leading Russian pipe manufacturers.
Sales were centralised under a 100%-owned subsidiary, Trade House TMK, which coordinates the sales of pipe products and raw material procurement for the plants. In 2002, a Trade House TMK representative office was opened in Azerbaijan, TMK-Kazakhstan, a subsidiary of Trade House TMK, was established a year later. TMK opened offices in South Africa and Canada in 2010. TMK Warehouse, a subsidiary of Trade House TMK, has been distributing products in the Moscow region since 2004.
Ernst & Young has been the official auditor of TMK since 2003.
Early in 2004 TMK acquired controlling interests in all pipe plants that operate under its management. As result of certain changes introduced to the management structure of these businesses, TMK became the sole executive body of each of these plants.
In May 2005 TMK acquired a 100% ownership interest in SINARA Trading AG (now TMK Global AG).
In June 2005 CJSC TMK was reorganised into an Open Joint Stock Company, TMK’s Strategic Investment Programme was formulated and Independent Members of the Board of Directors were elected for the first time.
In 2005, a Trade House TMK representative office was opened in China.
In March 2006 ÒÌÊ acquired TMK Europe GmbH (Germany) which controlled two Romanian enterprises – Steel Tubes Enterprise SC Artrom SA (TMK-ARTROM) and Integrated Iron and Steel Work SC Combinatul Siderurgic Resita (TMK-Resita).
In November 2006 TMK GDRs and ordinary shares were respectively listed on the London Stock Exchange and Russian Trading System.
In February 2007 TMK acquired all of the ordinary shares in Orsky Machine Building Plant.
In March 2007 TMK acquired a controlling stake in OAO RosNITI, Russia’s only Tube and Pipe Research Institute.
In November 2007, TMK broadened its structure with the acquisition of the Truboplast coating company, a producer of exterior and interior protective coatings for steel pipes used in the oil and gas industry.
Trade House TMK representative offices were opened in Turkmenistan and Singapore in 2007.
In March 2008, the Company launched TMK Oilfield Services. This service division produces tool joints and tubing couplings, provides pipe and sucker rod maintenance and repair services, coating services as well as running services. TMK Oilfield Services includes Orsky Machine Building Plant, Truboplast, TMK Central Pipe Yard and TMK Pipe Maintenance Department.
TMK increased its threading and finishing capacity and strengthened its foothold in the CIS with the acquisition of Kaztrubprom in June 2008. The Kazakhstan-based company specialises in the threading and finishing of tubing and casing pipes used in the oil and gas industry.
In June 2008, TMK established itself on the US market, the world’s largest oil and gas pipe market, with the acquisition of IPSCO Tubulars and NS Group. Renamed TMK IPSCO, it now includes eleven assets in the Eastern and Central United States which produce a broad range of seamless and welded oil and gas pipes.
In December 2009 ÒÌÊ-INOX, a dedicated division coordinating the production and sales of stainless steel pipe products was set up.
In June 2010 TMK established a commercial office in Cape Town (South Africa) - TMK Africa Tubulars, which strengthens TMK’s presence in Sub-Saharan markets.
In August 2010, TMK IPSCO opened a sales office in Calgary, Canada, to support its commitment to better service the company’s cross border customers with value added sophisticated products for both conventional and unconventional hydrocarbon exploration and development.
