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TMK Announces 9M 2014 Operational Results - Seite 2
tonnes (1) of tubular products, down 4.3% year-on-year. In 3Q 2014, the
division's shipments were up 9% quarter-on-quarter, reaching 762 thousand
tonnes.
In January-September 2014, seamless pipe shipments totalled 1,329 thousand
tonnes, a decline of 2% year-on-year. In 3Q 2014, shipments were up 1.3%
quarter-on-quarter to 440 thousand tonnes.
In the nine months of 2014, shipments of seamless OCTG pipe remained almost
flat year-on-year at 754 thousand tonnes, while dropping by 18.3%
quarter-on-quarter to 217 thousand tonnes in 3Q 2014 due to a seasonal
reduction in oil and gas drilling in Russia.
In the nine months of 2014, shipments of seamless line pipe remained flat
year-on-year at 347 thousand tonnes, while growing 34.6% quarter-on-quarter
to 134 thousand tonnes in 3Q 2014. The increase was due to the launch of a
number of pipeline construction and related infrastructure projects.
In 3Q 2014, shipments of seamless industrial pipe went up by 28.4%
quarter-on-quarter to 89 thousand tonnes, driven by a seasonal rise in
demand for this product. During the nine months of 2014, as a result of
considerably weaker demand from industrial companies in 1H 2014, shipments
went down by 11.8% year-on-year to 227 thousand tonnes.
Welded pipe shipments declined by 7.7% to 815 thousand tonnes in the nine
months of 2014 as a result of lower demand for LDP and line pipe. During
the nine months of 2014, LDP shipments were down 14.3% to 300 thousand
tonnes due to the completion of several projects in the CIS countries. In
3Q 2014, LDP shipments were up 33.1% quarter-on-quarter to 128 thousand
tonnes as several major pipeline projects got underway in Russia
(Bovanenkovo-Ukhta - 2, Southern Corridor, Kuyumba-Taishet and others). In
the same quarter, welded line and industrial pipe shipments amounted to 91
and 100 thousand tonnes, up 18.3% and 9% quarter-on-quarter, respectively.
(1) This includes shipments from TMK's Russian facilities, TMK-Kaztrubprom
and TMK GIPI to the Russian, CIS and non-CIS markets (excluding the North
American market).
American Division
In the nine months of 2014, TMK's American division increased its shipments
to consumers by 6.1% year-on-year, reaching a total of 900 thousand tonnes
of tubular products (2). In 3Q 2014, the division's shipments were up 4.9%
quarter-on-quarter to 308 thousand tonnes.
In the nine months of 2014, seamless pipe shipments were 404 thousand
tonnes, up 19.7%. In 3Q 2014, 148 thousand tonnes were shipped, which is an
flat year-on-year at 754 thousand tonnes, while dropping by 18.3%
quarter-on-quarter to 217 thousand tonnes in 3Q 2014 due to a seasonal
reduction in oil and gas drilling in Russia.
In the nine months of 2014, shipments of seamless line pipe remained flat
year-on-year at 347 thousand tonnes, while growing 34.6% quarter-on-quarter
to 134 thousand tonnes in 3Q 2014. The increase was due to the launch of a
number of pipeline construction and related infrastructure projects.
In 3Q 2014, shipments of seamless industrial pipe went up by 28.4%
quarter-on-quarter to 89 thousand tonnes, driven by a seasonal rise in
demand for this product. During the nine months of 2014, as a result of
considerably weaker demand from industrial companies in 1H 2014, shipments
went down by 11.8% year-on-year to 227 thousand tonnes.
Welded pipe shipments declined by 7.7% to 815 thousand tonnes in the nine
months of 2014 as a result of lower demand for LDP and line pipe. During
the nine months of 2014, LDP shipments were down 14.3% to 300 thousand
tonnes due to the completion of several projects in the CIS countries. In
3Q 2014, LDP shipments were up 33.1% quarter-on-quarter to 128 thousand
tonnes as several major pipeline projects got underway in Russia
(Bovanenkovo-Ukhta - 2, Southern Corridor, Kuyumba-Taishet and others). In
the same quarter, welded line and industrial pipe shipments amounted to 91
and 100 thousand tonnes, up 18.3% and 9% quarter-on-quarter, respectively.
(1) This includes shipments from TMK's Russian facilities, TMK-Kaztrubprom
and TMK GIPI to the Russian, CIS and non-CIS markets (excluding the North
American market).
American Division
In the nine months of 2014, TMK's American division increased its shipments
to consumers by 6.1% year-on-year, reaching a total of 900 thousand tonnes
of tubular products (2). In 3Q 2014, the division's shipments were up 4.9%
quarter-on-quarter to 308 thousand tonnes.
In the nine months of 2014, seamless pipe shipments were 404 thousand
tonnes, up 19.7%. In 3Q 2014, 148 thousand tonnes were shipped, which is an
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