Pao Tmk (TMKXY) Stock Price, News & Analysis

PAO TMK manufactures, sells, and exports steel pipes for the oil and gas industry. The company operates in three segments: Russia, Americas, and Europe. It offers seamless and welded threaded drill pipes, and casing and tubing that are used in drilling, equipping, and operating oil and gas wells; and oil and gas line pipes for intra-field to transport crude oil and natural gas from the field to oil refineries and storage facilities, as well as to shipment points and distribution nodes. The company also provides seamless industrial pipes for chemical, petrochemical, food, and nuclear industries, as well as for the production of steam boilers, bearings, and various machine parts and components; welded industrial pipes for engineering, construction, housing, and utilities sector; welded large diameter pipe for the construction of oil and gas trunk pipelines, oil field pipelines, general purpose pipelines, and pipelines for heat supply networks and nuclear power stations; and pipes with premium connections for oil and gas wells, including offshore, deep-sea, and the Far North locations, as well as for horizontal and directional wells. In addition, it offers oilfield services; and services in heat treating, protective coating, premium connections threading, warehousing, and pipe repairing. Further, it supplies scrap to steel plants, which includes collection, processing, and distribution of ferrous scrap and procurement services. The company also serves energy and machine-building, construction and municipal housing, shipbuilding, aviation and aerospace, and agriculture industries. PAO TMK was founded in 2001 and is based in Moscow, Russia. PAO TMK is a subsidiary of TMK Steel Limited.