21 June 2007
June 21, 2007 PRESS RELEASE
OAO 'TMK' Clarification Statement
A certain business publication has recently reported and circulated information
about TMK and its Chairman, Dmitriy Pumpyanskiy in relation with investing in
the Northern Caucasus and developing a ski resort.
OAO 'TMK' issues this statement in response to the above-mentioned information.
OAO 'TMK' is neither investing in nor developing a ski resort in the Northern
Caucasus. The development of a ski resort in the region is a project of other
businesses owned by Mr Pumpyanskiy.
OAO 'TMK's development strategy remains unchanged and the company continues to
invest in its seamless and welded pipe production plants in both Russia and
OAO 'TMK' carefully reviews general and specialized press in order to avoid any
Founded in 2001, TMK (LSE: TMKS) is the largest pipe producer in Russia and one
of the three global market leaders.
In 2006, TMK sold approximately 3 million tonnes of pipes. TMK supplies to
companies 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;
• SC TMK-ARTROM SA;
• SC TMK-Resita SA.
For further information please contact:
TMK PR Department:
Tel: +7 495 775 7600 ext. 2149
Or visit: www.tmk-group.com
This information is provided by RNS
The company news service from the London Stock Exchange