Friday, April 28, 2017

TMK signs special pricing agreement with Gazprom

TMK and Gazprom signed an agreement on Thursday that calls for special pricing conditions to Gazprom on TMK-produced large diameter pipes.

The new pricing arrangement with Gazprom will allow TMK to better plan its capacity utilization and sales structure.

Additionally, TMK will be able to more efficiently reduce its debts through advances received from Gazprom. TMK officials are confident that the pricing agreement with Gazprom will be a large factor in improving its financial situation alongside support from its raw materials suppliers.

TMK is also working to enhance its financial and economic indicators by increasing its capacity utilization and developing a diverse portfolio of shippable products.