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26 Jan
00:00

TMK teams up with RUSNANO to produce high-tech oil & gas pipe

TMK and Russian state-owned technology investor RUSNANO Corporation have teamed up to expand the production of high-tech pipe at TMK’s Seversky pipe plant, Kallanish learns from the Russian pipemaker. RUSNANO has invested RUB 5.5 billion ($83.87 million) in the project, and has acquired a 5.476% stake in the company following TMK’s additional public offering. TMK’s investment in the project amounts to RUB 12.5bn. "The new projec…
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