TPi January 2019

Business & market news

SSAB Europe investing in tube production and improving efficiency

investment will be used to modernise the production lines at the Hämeenlinna Tube Mill. A development programme will be drawn up for the other mills, and the investments regarding this will be dealt with separately at a later date. SSAB AB – Sweden

and the mill will be closed by the end of 2020. The company will offer all Lappohja employees jobs at other SSAB Europe locations in Finland. SSAB Europe aims to increase the sales volumes of premium products, which are more profitable than standard products. One part of this strategy is to increase tube sales volumes. The SEK 300mn

SSAB Europe is to invest SEK 300mn over a two-year period to improve the efficiency of its tube production. In the same context, the tube business will be centralised to secure long-term competitiveness. Worker consultations initiated at the Lappohja Tube Mill have been completed. The mill’s workforce will be gradually reduced in 2019-2020,

info@ssab.com www.ssab.com

TMK and Sinara hold international corporate forum

operating production sites in the USA, Russia, Canada, Romania, Oman and Kazakhstan, and with two R&D centres in Russia and the USA. Sinara Group is a diversified holding company with assets across a range of industries. Its primary businesses include transportation manufacturing, construction and real estate develop- ment, financial services and metallurgy. TMK – Russia

by TMK and Sinara Group for the companies’ young employees, who come from all of their subdivisions and key areas of business. The main event is the final stage of the Youth Scientific Practical Conference, which involves the winners of earlier professional competitions held at the division level. Participants present and defend their projects, which are aimed at improving the company’s work, and the winners are offered a chance to implement their ideas within the company. TMK manufactures and supplies steel pipes for the oil and gas industry,

TMK held the opening ceremony of the Horizons International Corporate Forum in Sochi, Russia, in October. More than 40 delegations and 770 participants from all of the company’s Russian and international divisions participated, as well as representatives of Sinara Group. The event included the Youth Scientific Practical Conference, which consisted of 27 sections focused on various aspects of the company’s work, as well as training courses, master classes, competitions and lectures. The lectures featured TMK and Sinara Group boards chairman Dmitry Pumpyanskiy, Higher School of Economics rector Yaroslav Kuzminov, Boeing chairman in Russia and the CIS Sergei Kravchenko, and Russia 2018 World Cup organising committee general director Alexei Sorokin. The main part of the scientific practical events was prepared by TMK’s corporate university, TMK2U. “The Horizons International Corporate Forum occupies a special place at TMK and Sinara Group. It showcases our talent pool of future company leaders,” said TMK deputy general director Andrey Kaplunov. “It’s also an opportunity to show one’s skills and take one more step up the career ladder towards future professional and personal development.” The Horizons forum is an annual international corporate event organised

tmk@tmk-group.com www.tmk-group.com Sinara Group – Russia office@sinara-group.com www.sinara-group.com

TMK deputy general director Andrey Kaplunov

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January 2019 TUBE PRODUCTS INTERNATIONAL