12 Feb 2015 08:05
OAO TMK / Miscellaneous 12.02.2015 09:05 Dissemination of a Regulatory Announcement, transmitted byEquityStory.RS, LLC - a company of EQS Group AG.The issuer is solely responsible for the content of this announcement.--------------------------------------------------------------------------- February 12, 2015 Press Release TMK Acquires a Metal Scrap Company TMK, one of the world's leading producers of tubular products, acquired100% interest in ChermetServis-Snabzhenie. The deal value totalled aboutRUB 2.73 bn. This expenditure will not increase TMK's CAPEX in 2015. On thecontrary, it is to be reduced by more than 30% compared to 2014 (with thecurrent deal value already factored in). Founded in 2000, ChermetServis-Snabzhenie (ChS-Snabzhenie) is one of theleaders in the Russian steel scrap market showing a sustainable growth ofscrap sales and a stable financial performance. As TMK's single-sourceprovider, ChS-Snabzhenie not only collects, processes and sells ferrousscrap, but also provides comprehensive procurement services to steelplants. 'ChS-Snabzhenie has been the main supplier of scrap for our steel mills forthe last several years. Acquisition of this company will allow TMK toestablish a complete scrap supply cycle at its facilities, which willguarantee the Company feedstock security. This deal is part of our verticalintegration strategy and will boost the efficiency and reliability of thesupply chain for our EAF production. It will also make the Company moreindependent of market uncertainties and will help TMK reduce its overheadexpenses per tonne of scrap, thus keeping prices at acceptable levels. Wewill consolidate the acquisition target's financials to increase ourearnings as well,' said Alexander Shiryaev, TMK CEO. *** For further information regarding TMK, please, visit www.tmk-group.com aswell as download the YourTube iPad application from the App Storehttps://itunes.apple.com/ru/app/yourtube/id516074932?mt=8&ls=1 TMK on Facebook - https://www.facebook.com/TMKGroupEN *** TMK (www.tmk-group.com) TMK (LSE: TMKS) is a leading global manufacturer and supplier of steelpipes for the oil and gas industry, operating 28 production sites in theUnited States, Russia, Canada, Romania, Oman, UAE, and Kazakhstan and twoR&D centers in Russia and the USA. In 2014, TMK's pipe shipments totalled4.4 million tonnes. The largest share of TMK's sales belongs to high marginoil country tubular goods (OCTG), shipped to customers in over 80countries. TMK delivers its products along with an extensive package ofservices in heat treating, protective coating, premium connectionsthreading, warehousing and pipe repairing. TMK's securities are listed on the London Stock Exchange, the OTCQXInternational Premier trading platform in the U.S. and on the MoscowExchange MICEX-RTS. TMK's assets structure by division: Russian division: American division:Volzhsky Pipe Plant; 12 plants of TMK IPSCO;Seversky Tube Works; OFS International LLC.Taganrog Metallurgical European division:Works; TMK-ARTROM;Sinarsky Pipe Plant; TMK-RESITA.TMK-CPW; Middle East Division:TMK-Kaztrubprom; TMK GIPI (Oman);TMK-INOX; Threading & Mechanical Key Premium LLC (Abu-TMK-Premium Service; Dhabi).TMK Oilfield Services. TMK Corporate Communications Ilya ZhitomirskyTel: +7 (495) 775-7600E-mail: pr@tmk-group.com 12.02.2015 The EquityStory.RS, LLC Distribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: EnglishCompany: OAO TMK 40/2a Pokrovka 105062 Moscow RussiaPhone: +7 495 775-7600Fax: +7 495 775-7601E-mail: tmk@tmk-group.comInternet: tmk-group.comISIN: US87260R2013Category Code: MSCTIDM: TMKSSequence Number: 2520Time of Receipt: Feb 12, 2015 09:03:12 End of Announcement EquityStory.RS, LLC News-Service ---------------------------------------------------------------------------UK-Regulatory-announcement transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.