18/01/17 12:52 MOEX (RUR): 79.60 change in % -0.35 LSE (USD): 5.33 change in % -0.03

History

TMK was established in 2001. Trade House TMK was created that same year to coordinate sales of pipe products and raw material procurement.

In 2002 TMK incorporated Volzhsky Pipe Plant, Seversky Tube Works and Sinarsky Pipe Plant. A Trade House TMK representative office was opened in Baku (Azerbaijan). In 2003 a new TMK subsidiary, TMK-Kazahstan, was established.

In 2004 TMK incorporated Taganrog Metallurgical Works.

In 2005 TMK established and incorporated TMK Global, the TMK North America trading subsidiary was created, and a representative office was opened in Beijing (China). CJSC TMK was reorganized into an Open Joint Stock Company.

In 2006 ТМК made IPO of its GDRs on the London Stock Exchange. TMK incorporated the Romanian mills TMK-Artrom and TMK-Resita, and the Russian Orsky Machine Building Plant. The TMK Middle East trading subsidiary was created the same year.

In 2007 TMK acquired oilfield service companies including Truboplast, TMK NGS-Nizhnevartovsk, and TMK NGS - Buzuluk, as well as the Russian Research Institute for the Tube and Pipe Industries (RosNITI), Russia's largest pipe industry research institute. TMK-CPW, a joint venture between TMK and Corinth Pipeworks, and ТМК-Premium Service were established. TMK’s shares began trading on the MICEX Stock Exchange. Additionally, ТМК opened representative offices in Turkmenistan and Singapore.

2008 was marked by the acquisition of US pipe assets and the creation of the American division - TMK IPSCO. The Company also established TMK Oilfield Services and acquired TMK-Kaztrubprom (Kazakhstan).

In 2009 the TMK European Division was created. It includes TMK Europe, TMK Italia, TMK-Artrom, TMK-Resita. TMK-INOX was also established.

In 2010 TMK-INOX became a joint venture between TMK and RUSNANO, it coordinates production and sales of precision stainless pipes. A new threading facility was built in Brookfield (USA) and a sales office in Calgary (Canada) was opened. In Republic of South Africa (Cape Town) there was opened a trading subsidiary, that strengthened TMK’s presence in Sub-Saharan markets. TMK ADRs began trading on the OTCQX International Premier trading platform in the US.

In 2011 TMK representative office in Uzbekistan was opened. A new premium threading line for casing was commissioned at Orsky Machine Building Plant. TMK and Loist created a joint venture for production of lime and associated products in Sverdlovsk region. TMK also acquired a blocking stake in the Volgograd river port.

In 2012 the new Research & Development Center in Houston (Texas, USA) was commissioned and the Trade House TMK subsidiary in Orsk (Orenburg region) was opened. TMK acquired 55% of a pipe plant located in Oman (TMK GIPI).

In 2013 the American company OFS International LLC, controlled by TMK, acquired pipe services and precision manufacturing assets located in the United States. TMK signed an agreement with the Skolkovo Fund to open its research and development facility in the Skolkovo Innovation Centre. The Centre will focus on developing efficient technologies in the areas of oil and gas exploration and production, transportation of hydrocarbons, and on finding new solutions to improve energy efficiency in the iron and steel industry.

In 2014 ТМК concluded a contract with Skolkovo Joint Directorate on Assets and Services Management on creation of ТМК research and development facility in the Skolkovo Innovation Centre that was a beginning of implementation of plans on construction of the TMK’s Research and Development Center.

In 2015 TMK acquired 100% interest in ChermetServis-Snabzhenie (now TMK CHERMET), which is one of the leaders in the Russian steel scrap market.