09
Mar
16:52
TMK acquires Chelpipe, consolidates Russian pipe industry
Russian pipemaker TMK has acquired 86.54% of shares in Chelpipe, one of Russia's leading large-diameter and OCTG pipe producers, says a joint statement by the two companies.
All necessary approvals, including the approval of Russia’s Federal Antimonopoly Service, have been received, they say.
“Today’s event is another step in the implementation of TMK's long-term strategy aimed at expanding its production base and sales markets, d…
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