The Pipe Metallurgical Company (TMK) has completed the merger of eight key controlled companies into the parent company. Volzhsky Trubny (VTZ), Pervouralsky Novotrubny (PNTZ), Seversky Trubny (STZ), Sinarsky Trubny (SinTZ), Taganrog Metallurgical (TAGMET) Both the Chelyabinsk Pipe Rolling (ChelPipe) Plants, as well as TMK Pipeline Solutions and the TMK Trading House, will continue their activities as branches of PJSC TMK from January 1, 2026.
The changes were made in order to optimize the corporate management structure and increase operational efficiency through the consolidation of key business processes and intra-group financial flows.
The joining of subsidiaries to TMK will strengthen inter-factory cooperation, free up working capital, expand the possibilities of financing investment programs and increase the competitive advantages of enterprises. All branches continue to operate in the regions where they operate, and maintain social and charitable programs.
TMK switched to a single share to optimize corporate governance
