Pipe Metallurgical Company (TMK) came up with a production and operation performance report for the last quarter of 2011 and the entire year.

In 2011, TMK shipped 4,232,000 tons of steel pipes to its customers, which exceeded the figures for 2010 by 6.6%.

‘The results of the company’s performance in 2011 proved as good as our expectations. Our grwoth was mainly due to increased shipments of more hi-tech weldless goods,’ TMK reports.

On the whole, given the existing agreements with the customers and provided that the current market trends hold, the company expects its shipments volume to go up a bit in 2012 in comparison with 2011.