TMK Sees 2012 Sales Exceeding $7 Billion, May Consider Purchases
By Ilya Khrennikov -
2012-05-31T14:23:14Z
OAO TMK (TMKS), Russia’s largest producer of steel pipes for the oil and gas industry, expects sales to exceed $7 billion in 2012 and may consider acquisitions.
TMK may look at buying small- and medium-sized assets, deals which won’t increase its debt burden, the company’s press office said, citing remarks made by Deputy Chief Executive Officer Vladimir Shmatovich today on a conference call.
TMK’s 2011 sales rose 21 percent to $6.75 billion, it said March 16.
To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net
To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.