Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 15,354.40 +121.18 0.80%
S&P 500 1,667.47 +17.00 1.03%
Nasdaq 3,498.97 +33.72 0.97%
Ticker Volume Price Price Delta
STOXX 50 2,817.92 -0.07 0.00%
FTSE 100 6,735.53 +12.47 0.19%
DAX 8,437.22 +39.22 0.47%
Ticker Volume Price Price Delta
Nikkei 15,360.80 +222.69 1.47%
Hang Seng 23,477.40 +394.71 1.71%
S&P/ASX 200 5,209.04 +28.26 0.55%

TMK Sees 2012 Sales Exceeding $7 Billion, May Consider Purchases

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

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.

Sponsored Link