“Following the investment, the annual capacity of the thermal treatment line will reach 160,000 tons. (…) Thus, TMK-ARTROM will consolidate its market presence, with superior pipes for mechanical applications and for oil and gas exploration,” said Adrian Popescu, TMK-ARTROM general manager.
The Slatina-based company is listed on the main segment of Bucharest Stock Exchange and has a market capitalization of RON342.7 million (EUR76.16 million).
TMK-Artrom is 92.6%-owned by TMK Europe, a division of Russia’s TMK. The company exports over 80% of its output to Europe, USA and the Middle East.