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Press Releases

03.11.2020 Modernization

TMK automates business tasks with RPA solutions

TMK is implementing robotic process automation (RPA) in its business processes to handle market research, HR and administration. A pilot RPA project run at TMK’s Marketing Directorate has sped up execution fivefold in some areas.

27.10.2020 Sales

TMK premium pipes first run into a well at the Sakhalin-1 project

A casing string made up of premium threaded connection pipes manufactured by TMK was successfully lowered into a well from the Berkut offshore ice resistant stationary platform at the Sakhalin-1 project’s Arkutun-Dagi field.

22.10.2020 Management

TMK runs an industrial safety audit across its facilities as part of Steel Safety Day 2020

TMK ran an industrial safety audit across its facilities as part of Steel Safety Day 2020. The event involved all plants of TMK’s Russian division, with employees and leadership assessing potential risks and designing measures to further improve safety and health at work.

22.10.2020 Production

TMK Announces 3Q 2020 Operational Results

TMK, one of the world’s leading producers of tubular products for the oil and gas industry (the “Group’), announces its operational results for the third quarter and first nine months of 2020.

20.10.2020 Finances

Completion of share buyback program of TMK ordinary shares

PAO “TMK” (MOEX: TRMK), one of the world’s leading producers of tubular products for the oil and gas industry (“TMK”), announces the completion of share buyback program of TMK ordinary shares that has been approved by the Board of Directors on 11 September 2020 (the “Program”).

13.10.2020 Management

TMK improves its information and cyber security systems

TMK has implemented a system for collecting, storing and analyzing security events. The system is powered by a MaxPatrol SIEM software solution from Positive Technologies, a global provider of innovative security solutions and a leader in responding to advanced cyber threats. TMK’s partner for the project was Jet Infosystems, a Russian company.

17.09.2020 Finances

TMK announces delisting of its GDRs from LSE

PAO TMK (LSE: TMKS; MOEX: TRMK), one of the world’s leading producers of tubular products for the oil and gas industry (“TMK” or the “Company”), announces that, further to previous announcements and following the application to the Financial Conduct Authority and the London Stock Exchange (“LSE”), the listing and admission to trading on the LSE of its Regulation S and Rule 144A Global Depositary Receipts (“GDRs”) (CUSIP: 87260R201 and 87260R102, ISIN: US87260R2013 and US87260R1023, SEDOL: B1FY0V4 and B1G3K21, respectively), each representing four ordinary shares of the Company, has been cancelled with effect from start of trading on 17 September 2020.  Immediately following the cancellation of listing, holders of the GDRs will no longer be able to trade their GDRs on the LSE and will not be able to obtain market quotations for the GDRs.

15.09.2020 Finances

TMK’S Board of directors approves a new share buyback program

PAO “TMK” (LSE: TMKS; MOEX: TRMK), one of the world’s leading producers of tubular products for the oil and gas industry (“TMK”), announces that the Board of Directors, at its meeting on 11 September 2020, has approved a new share buyback program of up to 129,198,754 of TMK ordinary shares outstanding at a cash price of RUB 61 per ordinary share. 

17.08.2020 Social responsibility

TMK named the most socially efficient and eco-friendly company in the Russian metals and mining industries for third consecutive year

TMK has topped the AK&M Analytical Information Agency’s annual social efficiency ranking among Russian metals and mining companies. The ranking is compiled to assess the social efficiency of major Russian companies, identify which companies make the biggest contribution to society while having the lowest impact on the environment and recognize companies that strike the right balance between their environmental footprint and positive social impact. This is the third year the ranking has been compiled, with TMK invariably topping the list in the Metals and Mining category.

17.08.2020 Finances

TMK announces application to delist its GDRs from LSE and intention to terminate its depositary receipts programmes

PAO “TMK” (LSE: TMKS; MOEX: TRMK), one of the world’s leading producers of tubular products for the oil and gas industry (“TMK” or the “Company”), announces that it has applied to the London Stock Exchange (“LSE”) for the cancellation of the listing and admission to trading of its Regulation S and Rule 144A Global Depositary Receipts (“GDRs”) (CUSIP: 87260R201 and 87260R102, respectively, ISIN: US87260R2013 and US87260R1023, respectively, SEDOL: B1FY0V4 and B1G3K21, respectively), each representing four ordinary shares of the Company (each, a “Share”). The Shares are listed on the Moscow Exchange. In addition, the Company has given notices to The Bank of New York Mellon, the depositary with respect to its Regulation S and Rule 144A GDRs programmes, and its Level 1 American depositary shares (“ADSs”) programme (the “Depositary”), to terminate the Regulation S / Rule 144A Deposit Agreement, dated 11 September 2006, by and between TMK and the Depositary (the “GDR Deposit Agreement”) and the ADS Deposit Agreement, dated 2 October 2009, by and between TMK, the Depositary and owners and holders of the ADSs (the “ADS Deposit Agreement”).

17.08.2020 Finances

TMK Announces 2Q 2020 IFRS Results

PAO TMK (“TMK” or “the Group”), one of the world’s leading producers of tubular products for the oil and gas industry, today announces its interim consolidated IFRS financial results for the six months ended June 30, 2020.

13.08.2020 Finances

Completion of the voluntary tender offer for TMK ordinary shares made by Volzhsky Pipe Plant

PAO “TMK” (LSE: TMKS; MOEX: TRMK), one of the world’s leading producers of tubular products for the oil and gas industry (“TMK” or the “Company”), announces the completion of settlements under the voluntary tender offer made by JSC Volzhsky Pipe Plant, a wholly-owned subsidiary of TMK (“VTZ”), to acquire up to 358,758,064, or 34.7%, of the ordinary shares of TMK at a cash price of RUB 61 per ordinary share (the “Voluntary Tender Offer”).

05.08.2020 Quality

TMK digitizes its system for operational management of production

TMK has completed diagnostics of its Russian division’s facilities in preparation for a project to automate its operational management system, including its production planning and manufacturing execution system (MES).

28.07.2020 Finances

Results of the voluntary tender offer for TMK ordinary shares made by Volzhsky Pipe Plant

PAO “TMK” (LSE: TMKS; MOEX: TRMK), one of the world’s leading producers of tubular products for the oil and gas industry (“TMK” or the “Company”), announces the initial results of the voluntary tender offer made by JSC Volzhsky Pipe Plant, a wholly-owned subsidiary of TMK (“VTZ”), to acquire up to 358,758,064, or 34.7%, of the ordinary shares of TMK at a cash price of RUB 61 per ordinary share (the “Voluntary Tender Offer”).

22.07.2020 Finances

TMK Announces 2Q 2020 Operational Results

TMK, one of the world’s leading producers of tubular products for the oil and gas industry (the “Group’), announces its operational results for the second quarter and first half of 2020.

21.05.2020 Finances

TMK Announces 1Q 2020 IFRS Results

PAO TMK (“TMK” or “the Group”), one of the world’s leading producers of tubular products for the oil and gas industry, today announces its interim consolidated IFRS financial results for the three months ended March 31, 2020.

19.05.2020 Finances

TMK’s Board of Directors recommends the voluntary tender offer by its subsidiary for TMK ordinary shares received on 18 May 2020

PAO “TMK” (LSE: TMKS; MOEX: TRMK), one of the world’s leading producers of tubular products for the oil and gas industry (“TMK” or the “Company”), announces that the Board of Directors of TMK has recommended today that its shareholders accept the voluntary tender offer (the “Voluntary Tender Offer”) made by “Volzhsky Pipe Plant”, Joint stock company (“VTZ”), a wholly-owned subsidiary of TMK, to acquire up to 358,758,064, or 34.7%, of the ordinary shares of TMK at a cash price of RUB 61 per ordinary share (the “Purchase Price”).

18.05.2020 Finances

Receipt by PAO “TMK” of voluntary tender offer made by “Volzhsky Pipe Plant”, Joint stock company

PAO “TMK” (LSE: TMKS; MOEX: TRMK), one of the world’s leading producers of tubular products for the oil and gas industry (“TMK” or the “Company”), further to its announcements on 8 April 2020 and 23 April 2020, announces that the Company received today the voluntary tender offer made by “Volzhsky Pipe Plant”, Joint stock company (“VTZ”), to purchase ordinary registered uncertified shares of TMK in the amount of 358,758,064 shares.  The number of shares for which the voluntary tender offer is being made has been amended to comply with the order of the Central Bank of Russia issued on 23 April 2020.

15.05.2020 Management

TMK to build a SAP-enabled integrated planning system

TMK has launched a project to transform its sales and operations planning using the cloud-based SAP Integrated Business Planning (IBP) solution rolled out in a Russia-based data center.

12.05.2020 Social responsibility

TMK allocates RUB 100 million to the Stop Coronavirus! project

TMK is actively supporting the Stop Coronavirus! project, which is being implemented by the Sinara Charity Foundation. The company has allocated RUB 100 million to the Foundation to purchase state-of-the-art medical equipment, personal protective equipment (PPE) and hand sanitizer for hospitals in around 20 Russian cities where TMK and Sinara Group entities operate.

24.04.2020 Finances

TMK issues 001P-01 series bonds through a public offering

PAO TMK (“TMK” or “the Group”), one of the world’s leading producers of tubular products for the oil and gas industry, announces the placement of bonds in the amount of 10 billion roubles with a maturity period of two years on the Moscow Exchange on April 23, 2020.

23.04.2020 Environment

TMK Announces 1Q 2020 Operational Results

TMK, one of the world’s leading producers of tubular products for the oil and gas industry (the “Group’), announces its operational results for the first quarter of 2020.

23.04.2020 Finances

Update on the timing of the voluntary tender offer by VTZ to acquire ordinary shares of the Company

PAO “TMK” (LSE: TMKS; MOEX: TRMK), one of the world’s leading producers of tubular products for the oil and gas industry (“TMK” or the “Company”), further to its announcement on 8 April 2020 announces that the Central Bank of Russia (the “CBR”) has issued an order to amend the voluntary tender offer of “Volzhsky Pipe Plant”, Joint stock company (“VTZ”), a wholly-owned subsidiary of TMK, to acquire ordinary shares of the Company.

08.04.2020 Finances

TMK’S Board of Directors approves a tender offer by its subsidiary for its ordinary shares and delisting of its GDRs

PAO “TMK” (LSE: TMKS; MOEX: TRMK), one of the world’s leading producers of tubular products for the oil and gas industry (“TMK” or the “Company”), announces that the Board of Directors of TMK, at its meeting on 8 April 2020, has approved a programme to purchase ordinary shares of the Company.  In addition, the Board of Directors of TMK evaluated the benefits of the Company retaining a listing of its global depositary receipts on the London Stock Exchange and determined that it is no longer a strategic priority for the Company.  The Board of Directors approved the cancellation of the listing of the global depositary receipts on the London Stock Exchange, to be carried out following the completion of the programme to purchase ordinary shares of TMK.

06.04.2020 Management

TMK and Sinara Group’s R&D facility in Skolkovo earns international recognition for environmental and energy performance

TMK and Sinara Group’s R&D facility at the Skolkovo Innovation Center has earned LEED Gold, a highly acclaimed international green building certificate.

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