TMK and RUSNANO launched a project for the production of precision stainless steel pipes

Pipe Metallurgical Company (TMK), one of the world’s largest manufacturers of tubular products, announces the creation of a joint enterprise with RUSNANO OOO "TMK-INOX" for the production of precision tubes of stainless steels and alloys.

The joint project aims at the creation of modern high-tech tubes for special applications.

The project will improve the basic properties and characteristics produced pipes: strength, ductility, corrosion resistance, and geometric parameters of the surface quality while reducing manufacturing costs.

The ability to control accurately the deformation temperature and processing parameters can be formed in the metal lattice of the nanostructure, that allow to reach a new level of consumer product properties.

Shares of TMK and RUSNANO joint project accounted for 51% and 49%, respectively. Paid in capital — 2.6 billion rubles. Chairman of the Board of Directors of TMK-INOX elected RUSNANO Managing Director Georgy Kolpachev, CEO — Leonid Marchenko.

The project will increase the production of special types of pipes more than doubled to over seven thousand tons.

The main consumers of manufactured TMK-INOX Pipe Company will be nuclear, thermal power, machine-building and chemical industries.

The ceremony also was the signing of a cooperation agreement between "TMK-INOX" and the main consumer of its production of "AtomEnergoMash." The agreement was signed by General Director of TMK-INOX Leonid Marchenko and CEO, "Atomenergomash" Vladimir Kashchenko.

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