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DGAP-Regulatory: TMK Announces Prices Increase

OAO TMK  / Miscellaneous 
 
07.03.2014 07:16 
 
Dissemination of a Regulatory Announcement, transmitted by 
EquityStory.RS, LLC - a company of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
=-------------------------------------------------------------------------- 
 
March 7, 2014        Press Release 
 
TMK Announces Prices Increase 
 
TMK, one of the world's leading producers of pipe for the oil and gas 
industry, announces a 5-10% increase in prices for some of its tubular 
products under new contracts starting from April 1, 2014. 
 
The rationale behind TMK's decision is the rise in prices of flat products 
sourced by the Company from the Russian steel producers, and in prices of 
ferroalloys used in the production of pipe steel grades. 
 
*** 
 
For further information regarding TMK please visit www.tmk-group.com or 
download the YourTube iPad application from the App Store 
https://itunes.apple.com/ru/app/yourtube/id516074932?mt=8&ls=1 
 
*** 
 
TMK (www.tmk-group.com) 
 
TMK (LSE: TMKS) is a leading global manufacturer and supplier of steel 
pipes for the oil and gas industry, operating 28 production sites in the 
United States, Russia, Canada, Romania, Oman, UAE, and Kazakhstan and two 
R&D centers in Russia and the USA. In 2013, TMK's pipe shipments totaled 
4.3 million tonnes. The largest share of TMK's sales belongs to high margin 
oil country tubular goods (OCTG), shipped to customers in over 80 
countries. TMK delivers its products along with an extensive package of 
services in heat treating, protective coating, premium connections 
threading, warehousing and pipe repairing. 
 
TMK's securities are listed on the London Stock Exchange, the OTCQX 
International Premier trading platform in the U.S. and on the Moscow 
Exchange MICEX-RTS. 
 
TMK's production assets structure: 
 
 
 
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 Zhitomirsky Tel: +7 (495) 775-7600 E-mail: pr@tmk-group.com 07.03.2014 EquityStory.RS, LLC's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de =-------------------------------------------------------------------------- Language: English Company: OAO TMK 40/2a Pokrovka 105062 Moscow Russia Phone: +7 495 775-7600 Fax: +7 495 775-7601 E-mail: tmk@tmk-group.com Internet: tmk-group.com ISIN: US87260R2013 Category Code: MSC TIDM: TMKS Sequence Number: 1934 Time of Receipt: March 07, 2014 07:15:00 End of Announcement EquityStory.RS, LLC News-Service =--------------------------------------------------------------------------

(END) Dow Jones Newswires

March 07, 2014 01:16 ET (06:16 GMT)

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