DGAP-Regulatory: TMK and RUSNANO expand high-tech pipe production

23 Jan 2015 12:40

OAO TMK / Miscellaneous 23.01.2015 13:40 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.--------------------------------------------------------------------------- January 23, 2015 Press Release TMK and RUSNANO expand high-tech pipe production TMK, one of the world's leading producers of tubular products, and stateowned RUSNANO Corporation are running a joint project at TMK's Severskypipe plant to expand the production of high-tech pipe with improvedperformance for the oil and gas industry. RUSNANO has invested RUB 5.5 blnin the project, and TMK's investment has amounted to at least RUB 12.5 bln.To execute the project, RUSNANO acquired shares in TMK's additional publicoffering and now owns a 5.476% share in the Company. 'The new project will help us expand the product range of oil and gas pipesthat meet and often exceed the strictest international quality standards interms of physical, chemical and geometrical properties. The innovativepipes we produce at our Seversky pipe plant within the joint project withRUSNANO can be used in adverse climate and geological conditions, inhorizontal and deep-hole drilling,' 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 23.01.2015 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: 2484Time of Receipt: Jan 23, 2015 13:39:50 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.