TMKS.L Regulatory News (TMKS)

21 Aug 2007 07:27

OAO TMK21 August 2007 -------------------------------------------------------------------------------- Moscow, August 21, 2007 PRESS RELEASE OAO "TMK" ACQUIRES PIPE COATING PRODUCER OOO "TRUBOPLAST" OAO "TMK", one of the world's largest oil and gas pipe producers, reached an agreement to acquire 100% of share capital in OOO "Truboplast". Theconsolidation of OOO "Truboplast" into TMK's structure is planned to be completed by the end of 2007. OOO "Truboplast" is one of Russia's largest producers of protective coatings for steel pipes used in the oil and gas industry. The company possesses the latest technology for applying exterior and interior protective coatings on steel pipes and pipe fittings for oil and gas pipelines.The company's equipment allows for the coating of around 2,000 linear kilometers per year of pipes with diameters ranging from 57 to 720 mm, including, drill pipes, casing, tubing, line pipes and large diameter pipes. OOO "Truboplast" produces one-, two-, and three-layered exterior coatings, hydrothermal insulated coatings, and protection for the inner part of the weld. OOO "Truboplast" products are used by major Russian and international oil and gas companies. With the increasing complexity of oil and gas drilling conditions, the application of high-quality anticorrosive coatings becomes vital. The acquisition of OOO "Truboplast" will give TMK the largest pipe coatingcapacities in Russia, further strengthening its position on the oil and gas pipemarket and increasing its share of high value-added premium products. With the development of the oil and gas sector in Russia, a key player in theglobal energy market, developing oil and gas services has become a priority forTMK in the medium-term perspective. OAO "TMK" Founded in 2001, TMK (LSE: TMKS) is the largest pipe producer in Russia and oneof the three global market leaders. In 2006, TMK sold approximately 3 million tonnes of pipes. TMK supplies tocompanies in more than 60 countries. TMK production facilities are located in Russia and Romania: • Volzhsky Pipe Plant; • Seversky Tube Works; • Taganrog Metallurgical Works; • Sinarsky Pipe Plant; • Orsky Machine Building Plant; • SC TMK-ARTROM SA; • SC TMK-Resita SA. For further information please contact: TMK PR Department: Sergey Ilin Tel: +7 495 775 7600 ext. 2149 Email: pr@tmk-group.com Or visit: www.tmk-group.com This information is provided by RNS The company news service from the London Stock Exchange