TMKS.L Regulatory News (TMKS)

9 Feb 2007 08:17

OAO TMK09 February 2007 February 9, 2007 TMK and MMK sign Strategic Cooperation Memorandum OAO TMK (TMK), one of the world's largest oil and gas pipe producers, and OAOMagnitogorsk Iron and Steel Works (MMK), one of Russia's largest ferrous metalproduction companies, announced today that they have signed a strategiccooperation memorandum. At the time of the signing, Dmitriy Pumpyanskiy, Chairman of the Board ofDirectors of TMK and Viktor Rashnikov, Chairman of the Board of Directors ofMMK, expressed their satisfaction with the performance of recent collaborations.The companies also agreed to cooperate on future joint activities relating tothe implementation of key technologies at MMK and TMK's mills, the use of MMKproducts in the production of new types of pipes by TMK, and on futuredeliveries of broad sheets for large diameter pipes. MMK is one of the main suppliers of flat rolled steel for pipe production atTMK's mills. The companies are conducting a joint research and developmentprogram to create new products. OAO TMK (www.tmk-group.com) Founded in 2001, TMK (LSE: TMKS) is the largest pipe producer in Russia and oneof the three global market leaders. TMK GDRs and common shares are traded on theLondon Stock Exchange and Russian Trading System. In 2006 the total volume of pipes shipped reached over 3 million tonnes. TMKsupplies pipes to companies in more than 60 countries. TMK production facilities are located in Russia and Romania: • Volzhsky Pipe Plant • Seversky Pipe Plant • Taganrog Metallurgical Works • Sinarsky Pipe Plant • SC TMK-ARTROM SA • SC TMK-Resita SA • Orsk Engineering Plant TMK's PR Department:Tel: +7 (495) 775-7600Fax: +7 (495) 775-7601E-mail: pr@tmk-group.com OAO MMK (www.mmk.ru) The Magnitogorsk Iron and Steel Works (MMK) ranks among the twenty world'slargest steel producers and is one of the leaders of the Russian steel industry.It accounts for about 20% of steel products sold on the national market. MMK is a major steel mill with a fully integrated production cycle, frompreparation of iron ore materials through to downstream processing of ferrousmetals. MMK produces the broadest range of steel products among Russia's and CISproducers, with special focus on high added value products. Less than half ofMMK's output is exported to 75 countries worldwide. In 2006 the Company produced 12.4 million tons of steel and 11.3 million tons ofcommercial products. Press-secretary:Tel: +7 (3519) 24-90-82Fax: +7 (3519) 24-80-24E-mail: azovtseva@mmk.ru This information is provided by RNS The company news service from the London Stock Exchange