Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

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

May 31 (Bloomberg) -- OAO TMK, 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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.