TMK Group Overview
Company Headquarters: Moscow, Russia
Founded: 2001
Workforce: ~10,000
Company Working: TMK Group is engaged in supplying tubular products for the oil & gas industry. It manufactures a wide range of products such as OCTG and line pipes as well as pipes for industrial applications. The company provides heat treating, protective coating, premium connections threading, and warehousing services. It operates through two business segments– seamless pipe and welded pipe. The company offers OCTG under both seamless pipe and welded pipe segments. Some of the key products offered by the company under the OCTG product sub-segment include vacuum insulated tubing and line pipes.
Interpipe Group (Ukraine), MRC Global (US), Tata Steel (India), ArcelorMittal (Luxembourg), and Posco (South Korea) are some of its key competitors in the global market. The company has 30 production centers across Russia, the US, Canada, Oman, the UAE, Romania, and Kazakhstan
Strategy
TMK Group focuses on achieving organic growth by investing in setting up R&D centers for developing innovative products for the oil & gas industry. For instance, in 2018, it set up the Skolkovo Innovation Center, an R&D facility, in Moscow, Russia. The company has increased its regional presence by supplying its products to countries in Asia-Pacific. For instance, as of 2018, the company supplies products to customers in over 80 countries, worldwide. It is constantly seeking opportunities to enhance its product portfolio to gain a foothold in developing countries. For instance, since 2018, the company offers OCTG to clients in several major countries, including Canada, the US, Russia, Romania, and Kazakhstan. Furthermore, it is also working on implementing high-performance technologies for manufacturing next-generation seamless steel pipes
