DGAP-News
760
0 Kommentare
TMK Announces 9M 2014 Operational Results - Seite 4
Premium Segment
The demand for TMK UP premium connections remains high, sustained by
expansion of directional and horizontal drilling in America and Russia.
TMK shipped a total of 649 thousand joints of TMK UP premium connections in
the nine months of 2014, up 13.3% year-on-year, while also boosting the
quarter-on-quarter figure by 20.7% to 245 thousand joints in 3Q 2014.
4Q 2014 Outlook
The Russian pipe market is likely to grow in 4Q 2014, driven by an increase
expected in horizontal drilling and development of oil and gas fields, as
well as by the start of the new procurement season. Owing to that, TMK
expects a steady demand for oil and gas pipe, particularly seamless OCTG.
The implementation of major pipeline projects in Russia will enable the
Company to increase shipments and improve product mix in the welded pipe
segment, especially LDP. TMK also awaits the expansion of demand for
seamless line pipe as the infrastructure projects related to trunk pipeline
construction are carried out.
In August, the US International Trade Commission (ITC) confirmed the
Department of Commerce's decision to impose anti-dumping and countervailing
duties on manufacturers from nine countries. The ITC ruling is expected to
contribute to more fair competition in the US market, better pricing
environment, and improved performance of TMK's American division.
In 4Q 2014, TMK expects shipments to remain broadly flat compared to 3Q
2014, while improved product mix gives grounds to project stronger
financials.
***
For further information regarding TMK, please, visit www.tmk-group.ru as
well as download the YourTube iPad application from the App Store
https://itunes.apple.com/ru/app/yourtube/id516074932?mt=8&ls=1
***
ТМК (www.tmk-group.ru)
TMK (LSE: TMKS) is a leading global manufacturer and supplier of steel
pipes for the oil and gas industry, operating 28 production sites in
Russia, the U.S., Canada, Romania, Oman, the UAE, and Kazakhstan, and two
R&D centres in Russia and the U.S. In 2013, TMK's pipe shipments totaled
4.3 million tonnes. The largest share of TMK's sales belongs to high margin
oil country tubular goods (OCTG), shipped to customers in over 80
countries. TMK delivers its products along with an extensive package of
services in heat treating, protective coating, premium connections
threading, warehousing and pipe repairing.
TMK's securities are listed on the London Stock Exchange, the OTCQX
International Premier trading platform in the U.S. and on the Moscow
Exchange MICEX-RTS.
The Russian pipe market is likely to grow in 4Q 2014, driven by an increase
expected in horizontal drilling and development of oil and gas fields, as
well as by the start of the new procurement season. Owing to that, TMK
expects a steady demand for oil and gas pipe, particularly seamless OCTG.
The implementation of major pipeline projects in Russia will enable the
Company to increase shipments and improve product mix in the welded pipe
segment, especially LDP. TMK also awaits the expansion of demand for
seamless line pipe as the infrastructure projects related to trunk pipeline
construction are carried out.
In August, the US International Trade Commission (ITC) confirmed the
Department of Commerce's decision to impose anti-dumping and countervailing
duties on manufacturers from nine countries. The ITC ruling is expected to
contribute to more fair competition in the US market, better pricing
environment, and improved performance of TMK's American division.
In 4Q 2014, TMK expects shipments to remain broadly flat compared to 3Q
2014, while improved product mix gives grounds to project stronger
financials.
***
For further information regarding TMK, please, visit www.tmk-group.ru as
well as download the YourTube iPad application from the App Store
https://itunes.apple.com/ru/app/yourtube/id516074932?mt=8&ls=1
***
ТМК (www.tmk-group.ru)
TMK (LSE: TMKS) is a leading global manufacturer and supplier of steel
pipes for the oil and gas industry, operating 28 production sites in
Russia, the U.S., Canada, Romania, Oman, the UAE, and Kazakhstan, and two
R&D centres in Russia and the U.S. In 2013, TMK's pipe shipments totaled
4.3 million tonnes. The largest share of TMK's sales belongs to high margin
oil country tubular goods (OCTG), shipped to customers in over 80
countries. TMK delivers its products along with an extensive package of
services in heat treating, protective coating, premium connections
threading, warehousing and pipe repairing.
TMK's securities are listed on the London Stock Exchange, the OTCQX
International Premier trading platform in the U.S. and on the Moscow
Exchange MICEX-RTS.
Aktuelle Themen
Weitere Artikel des Autors
Verfasst von EQS Group AG
1 im Artikel enthaltener WertIm Artikel enthaltene Werte