TMK TO COMPLETE ACQUISITION OF ORSK ENGINEERING PLANT IN FEB
TMCnet - The World's Largest Communications and Technology Community
TMC Launches New Sites ::  NGC  |  4GWE  |  Green Tech  |  Satellite  |  IT |  ITEXPO  |  Healthcare  |  Smart Grid  |  M2M  |  Smart Products  |  AstriCon News  |  SATCON News
TMCnet CHANNELS
#1 VoIP Enabler: Risk-free, Quick & Easy Deployment
Advanced Carrier Services
Appliance Deployment
ATCA
Auto Dialer
BPA (3rd Party Remote Call Monitoring)
Broadcast Modulator
Business Phone Systems
Business Process Automation
Business VoIP
Call Center
Call Center Certification
Call Center Digital Signage
Call Center Furniture
Call Center Hiring
Call Center Management
Call Center On Demand
Call Center Outsourcing
Call Center Scheduling
Call Center Software
Call Center Solutions
Call Center Training
Call Center Workforce Management
Call Monitoring
Call Recording
Communications Enabled Business Processes
Conference Call
Conferencing
Contact Center Headsets
Contact Center Software
CRM Software
CRM Solutions
DID/DDI
Digital Signage
e911
E911 Hosted Solutions
Email Archiving
Email Server
Enterprise Fax over IP
Enterprise VoIP
Ethernet Extender
Fax
Fax Over IP
FoIP
HD Conference
Hosted Contact Center
Hosted Exchange
Hosted PBX
Integrated Communications
IP Fax
IP Multimedia
IP Phone Maker
IP Phone System
IP Phones
IVR
Lead Management Software
Master Agent
Mobile Management
Mobile Unified Communications
Mobile Video
NEBS
Network Installation
Open Source CRM
PBX PCI Adapter
Phone Systems
Portable Satellite Antenna
Predictive Dialer
Sales Software
SATCON
SIP
Speech Recognition and Text to Speech
Telecom Cost Management
Telecom Expense Management
Telecom Lifecycle Management
Telecom Training
Telemarketing Software
Telepresence
Testing IP Services
Virtual Call Center
Virtual Office
Virtual PBX
Virtual Receptionist
Voice Broadcast
Voice Management
Voice Over IP
Voice Peering
Voicemail Replacement
VoIP Call Recording
VoIP Contact Center
VoIP Developer
VoIP Gateways
VoIP Monitoring
VoIPSwitch
Web Conferencing
Web Meeting
Wholesale VoIP
Wireless Expense Management
Wireless Management
Workforce Management
Workforce Optimization
Share
TMCnews
[November 13, 2006]

TMK TO COMPLETE ACQUISITION OF ORSK ENGINEERING PLANT IN FEB

(Interfax News Agency Via Thomson Dialog NewsEdge) Pipe Metallurgical Company (TMK), Russia's biggest pipe producer, expects to close a deal to buy 75% of the Orsk Engineering Plant in the Orenburg region by January 31, 2007, TMK said.

TMK in August entered into an agreement to buy the 75% stake in the Orsk plant for $45.5 million from the Sinara group. Under the terms of the deal, TMK is supposed to pay this amount by December 1, and Sinara is supposed to transfer the shares to TMK by January 31.



The Orsk plant makes products for the oil and gas industry and for agriculture. Its main products are joints for drilling pipes, spare parts for drilling pumps, adapters for drill pipe string, couplings, hydraulic cylinders, gas tanks and fire extinguishers.

The plant increased production by 28.6% in the first eight months of 2006. The biggest increase in output was 39.9% for drilling joints, to over 118,000 sets.



TMK is the second biggest producer of steel pipes in the world and the third biggest producer of seamless pipes for the oil and gas sector. The company produces an estimated 44% of Russia's steel pipes.

Copyright 2006 Interfax News Agency. Source: Financial Times Information Limited.

[ Back To TMCnet.com's Homepage ]
Discussions:
Be the first to post a comment on this page!
 
By  
TMCnet
+ Add to the Discussion
Bookmark mobile.TMCnet.com on your mobile phone now to stay on top of the latest tech news.
TMCnet Videos
Featured White Papers
Featured White Paper RSS feed
10 reasons to switch to an IP PBX
Application Whitelisting: A new security paradigm
SCADA Systems Protection
view all white papers…
Top Stories
Today's TMCnet Top Stories and News Articles
Virtual PBX Advantages
Skype on Net Neutrality: An Interview
Why DROID Does Not Compete with iPhone … Yet
Wireless Expense Management: Mobility a 'Strategic Advantage' to Enhan…
CTDI Deploys Management Dynamics' RPS On-Demand Solution
more of today's top stories...
Related VoIP News
Latest IP Communitions and VoIP News
SuperNet of Ohio Launches New Hosted VoIP Service for SMBs
Ronco Distributes Ascom's Wireless Communication Products
AudioCodes Intros MSBG PLUS an Open Platform for Unified Communications
New Vodafone 360 Samsung M1 Handset Built on LiMo Platform Brings Rich, Personalized Mobile Experience to Customers
Nortel Leverages Amazon EC2, Offers On-Demand Access to Cloud-Based Real-Time Applications

Subscribe FREE to all of TMC's monthly magazines. Click here now.