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CORINTH PIPEWORKS S.A.
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Announcement
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July 13, 2007 ZAO ''TMK-CPW'', a joint venture between Seversky Tube Works (STW) and ''HUMBEL Limited'' (Cyprus), a subsidiary of the Greek pipe industry leader ''Corinth Pipeworks S.A.'' (CPW) launched a new production line at Seversky Tube Works. The JV produces ERW longitudinal pipes with diameters of up to 530mm, wall thickness of 4.8 to 12.7mm and in lengths up to 18m as well as special purpose pipes. These products are intended for oil and gas companies in Russia and the CIS and for use in their rapidly developing construction industry. ZAO ''TMK-CPW'' JV activity is aimed at increasing TMK sales of premium products and at satisfying the growing high quality product demand from key industries. Annual JV production capacity amounts to 200 thousand tonnes of tubular goods. Ilias Klis, Ambassador Extraordinary and Plenipotentiary of the Hellenic Republic to Russia, Viktor Basargin, Deputy Plenipotentiary Representative of Russia's President in the Urals Federal District, Eduard Rossel, Governor of Sverdlovsk region, and the JV shareholders attended the launch of the new production line. OAO ''TMK'' Founded in 2001, TMK (LSE: TMKS) is the largest pipe producer in Russia and one of the three global market leaders. TMK supplies to companies in more than 60 countries. In 2006, TMK sold almost 3 million tonnes of pipes. TMK production facilities are located in Russia and Romania: Volzhsky Pipe Plant; Seversky Tube Works; Taganrog Metallurgical Works; Sinarsky Pipe Plant; Orsky Machine Building Plant; SC TMK-ARTROM SA; SC TMK-Resita SA. Useful links: TMK- www.tmk-group.com TMK External Relation Department: Tel.: +7 (495) 775-7600 Fax: +7 (495) 775-7601 E-mail: pr@tmk-group.com Corinth Pipeworks S.A. Corinth Pipeworks S.A. is amongst the leading manufacturers of steel pipes for the energy industry and a major hollow sections supplier to the construction sector. The company has an annual production capacity of up to 700.000 tones. Its production facilities (ERW and SAW pipe mills, coating and lining plants) are located in Thisvi, Viotia, Greece. Corinth Pipeworks has a broad representative & sales network worldwide. Among its customers are leading oil & gas companies such as Chevron, Shell, BP, Total, Public Gas Corporation of Greece (DEPA), National Iranian Gas Company, Enagas, Gaz de France, Transgas, BG, National Grid, Sonatrach, SCOP Iraq, Duke Energy, Panhandle Energy, Enbridge, Cheniere Energy, PDO, Oman Gas Company, GASCO. Useful links: Corinth Pipeworks S.A. - www.cpw.gr
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