12 Jul 2011 11:57

TMK boosts pipe shipments 16% in H1 to 2.2 mln tonnes

MOSCOW. July 11 (Interfax) - Russia's TMK , one of the world's top-three oil and gas industry pipe producers, boosted pipe shipments 16% year-on-year in H1 2011 to 2.2 million tonnes, the company said.

Shipments rose 1% in Q2 2011 to 1.09 million tonnes.

The company affirmed its forecasts that earnings before taxes, depreciation and amortization (EBITDA) and the EBITDA margin would not differ much in Q2 2011 from the $293 million and 18% seen in Q1 2011.