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29 Aug
13:14

TMK decreases revenue, ensures smooth operations

Russian pipemaker TMK says it will focus on ensuring the smooth operation of its production facilities, and the timely fulfilment of orders and obligations to suppliers. The enterprise’s revenue in the first half of the year fell 7.3% on-year to RUB 278.9 billion ($2.9 billion). This was due to the spin-off of a part of the assets of the Volzhsky Pipe Plant and ChTPZ for the production of large-diameter pipes, and their reorganization as part of the merger w…
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