15 Nov 2007 13:24
OAO TMK15 November 2007 -------------------------------------------------------------------------------- November 15, 2007 PRESS RELEASE TMK Increases Production of Premium Oil and Gas Pipes TMK, one of the world's largest oil and gas pipe producers and the market leaderof the Russian pipe industry, today announces that new hot rolling and finishingequipment has been installed at its Volzhsky Pipe Plant subsidiary. Theinstallation of this new equipment, in line with TMK's Strategic InvestmentProgramme, will increase output and quality as well as enhance the Company'spremium product range. This new equipment will produce 146 to 178 mm premium pipes with 7.3 mm wallthickness and 12 m lengths and will increase Volzhsky Pipe Plant's annualpremium production capacity by 75 thousand tonnes. These new pipes are manufactured with a high degree of accuracy and offerminimum wall tolerance and enhanced performance characteristics. 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 • Truboplast • 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