News
01.10.2004
ТМК entered into a market alliance with Lone Stars Technologies
The largest pipe manufacturer in Russia - Pipe Metallurgical Company announces the conclusion of a market alliance with Lone Star Steel Company (subsidiary of Lone Stars Technologies). The agreement states that Lone Star Steel will be the exclusive trader of TMK seamless oil country tubular goods (OCTG) in the North American market. TMK is manufacturing more than 60% of oil-and-gas pipes in Russia and this particular agreement will expand its sales geography. Dmitry Pumpyansky, President and General Director of TMK, stated, “It has always been an important part of our business strategy to identify high-potential new markets and develop reliable networks to deliver our products to customers around the globe. Lone Star’s unwavering focus on providing its customers with a broad array of quality products and solutions mirrors our own commitment to customer service excellence. We are pleased to have our products represented by them in North America.” Rhys J. Best, Chairman and Chief Executive Officer of Lone Star, stated, “TMK is a leading global producer of seamless oilfield tubulars with a reputation for quality products. We are pleased about the opportunity to market and sell TMK’s products in North America and expect this alliance to further enhance our ability to supply our customers with a full range of premium seamless oilfield tubular products to meet their growing demand.” About TMK: ТМК is the largest pipe producer in Russia, managing the Volzhsky, Sinarsky and Seversky pipe factories and the Taganrog Metal Works. TMK has a 42% share of the Russian steel pipe market, and more than 60% of its products are used in the Oil & Gas sector. About Lone Star: Lone Star Technologies, Inc is a holding company whose principal operating subsidiaries manufacture and market oilfield casing, tubing, and line pipe, specialty tubing products including finned tubes used in a variety of heat recovery applications, and flat rolled steel and other tubular products and services.
