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10 Jun

TMK sells Yartsevo plant

Russian pipemaker TMK has completed the sale of its Yartsevo Metallurgical Plant (TMK-YaMZ), a large manufacturer of rebar located in the Smolensk region, to a third-party investor, Kallanish notes. TMK has not disclosed the value of the transaction or the buyer. The sale of TMK-YaMZ will allow TMK to focus on its core business – the development and supply of advanced pipe solutions, services and comprehensive engineering projects, the enterprise claims. T…
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