April 24, 2014 12:41 PM ET

Metals and Mining

Company Overview of United Metallurgical Company, OMK CJSC

Company Overview

United Metallurgical Company, OMK CJSC manufactures steel pipes. The company offers large, small, and medium-diameter pipes; pipeline fittings; steel plates; and railroad wheels. Its pipes are used for the construction of oil and gas pipelines in the Russian Federation, the Baltic, the Nordic, North Europe, and the Eastern Siberia–Pacific. The company serves fuel and energy complex, civil engineering, chemical production, and electronics industries. United Metallurgical Company, OMK CJSC was founded in 1992 and is based in Moscow, Russian Federation.

Ozerkovskaya Nab., 28/2

Moscow,  115184

Russia

Founded in 1992

Phone:

7 495 231 7771

Fax:

7 495 231 7772

Key Executives for United Metallurgical Company, OMK CJSC

Director of Economy and Finance
Age: 38
Vice President
Production Manager
Head of Corporate Government Department
Compensation as of Fiscal Year 2013.

United Metallurgical Company, OMK CJSC Key Developments

United Metallurgical Company to Supply Pipes for Second Branch of South Stream Gas Pipeline

United Metallurgical Company won a tender to supply pipes for the second branch of the offshore section of South Stream’s main pipeline. According to a contract signed between OMK and South Stream Transport B.V. on March 14, 2014, the company is to manufacture over 300 km of pipes (which accounts for 35% of the overall volume required for the branch construction). The document was signed by Vladimir Markin, President of OMK, and Oleg Aksyutin, CEO of South Stream Transport. At the end of January of 2014, OMK and South Stream Transport B.V. signed an agreement for the supply of over 300 km of pipes for the construction of the first branch of South Stream’s offshore section. Therefore, OMK will deliver over 600 km of large diameter pipes for the first and second branches of the gas pipeline’s offshore section. The LDP technical parameters for South Stream’s second branch are identical to those used for the first branch: 813 mm in diameter with 39 mm thick walls. The pipes will be produced at Vyksa Steel Works from SAWL 450 steel in keeping with the DNV-OS-F101 (2010) standard and the South Stream Transport’s technical specifications.

Severstal and United Metallurgical Company, and Europipe to Supply Pipes for South Steam Natural Gas Pipeline

Gazprom announced that Severstal and United Metallurgical Company, and Europipe will supply pipes worth EUR 1 billion for the South Stream natural gas pipeline, after signing relevant agreements. The companies will supply 75,000 of 12-meter pipes for the first offshore section of South Stream. Europipe will deliver 50% of the total amount, while OMK and Severstal will supply 35% and 15%, respectively.

Sberbank and the ZAO United Metallurgical Company Have Concluded Agreement on Cooperation

Sberbank and ZAO United Metallurgical Company have concluded a Cooperation Agreement. The Agreement envisages financing by the Sberbank of the OMK Group's investment project of 'The Construction of the Integrated Pipe Producing and Steel Making Complex in the Town of Chusovoy of the Perm Territory' in a total amount of RUB 33.8 billion for up to 12 years. The total value of the project is about RUB 50 billion. It is planned within the framework of the project to: Organize a modern high-tech production of steel blanks, produce seamless pipes for oil and gas industry and work pieces for manufacture of carriage springs. Create 2,500 new working places and additionally organize 2,000 working places for the period of construction. Increase tax payments to budgets of all levels by more than 8 times in the period of 2016-2026, as well as reduce polluting emissions by more than 5 times. To ensure performance of obligations in respect of the credit line, there is granting of a State guarantee in the amount of RUB 21 billion envisaged. Apart from this, the signed Agreement on Cooperation envisages a possibility of organizing the OMK Group's financing by the Bank with the use of the capital market' instruments (including issue of ruble and forex bonds), syndicated lending as well as rendering of investment and banking services. The Agreement is the basis for development of cooperation between the organizations and will make it possible to consolidate the established partnership relations.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 17, 2013
OAO Chusovoy Metallurgical Works
Merger/Acquisition
October 23, 2013
ZAO Metallurgical Investment Company
 

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