Trubnaya Metallurgicheskaya Kompaniya OAO Establishes Service JV In UAE-Interfax
Interfax reported that Trubnaya Metallurgicheskaya Kompaniya OAO (TMK) has established a service joint venture (JV) with EMDAD in Abu Dhabi, the United Arab Emirates, TMK said in a press release. The service and support center, Threading and Mechanical Key Premium LLC, will focus on repair of pipes and underground equipment, as well as threading of connections on various components of pipe columns for oil and gas companies operating in the Arabian Gulf region. TMK's total investment in the project runs into about USD 3.5 million. The commissioning of the center is set for Q2 2013. Its annual production capacity will stand at approximately 10,000 tons of premium pipes. TMK Middle East, the Company's sales subsidiary, has been working in the region for several years already. In December 2012, TMK acquired a controlling stake in the GIPI pipe plant in Oman.
Latest Developments for Trubnaya Metallurgicheskaya Kompaniya OAO
- Share this
- Digg this