Investor Presentaiton
Management's Discussion and Analysis
Nine months ended September 30, 2011
oilfield services group. The capacity of the new thread line is 24,000 tonnes
of the designated product mix per year. Production of casing with gastight
connections will allow the company to expand its product line and ability to
offer new products for oil and gas wells and related infrastructure
development and services.
In November 2011, an extraordinary general meeting of shareholders
approved an interim dividend in respect of the first six months of 2011 in
the amount of 871,955 thousand Russian roubles (U.S.$28 million at the
exchange rate at the date of approval) or 0.93 Russian roubles per share
(0.03 U.S. dollars per share).
Business structure
The results of operations are presented in three reporting segments:
•
Russian division: manufacturing facilities located in the Russian
Federation and Kazakhstan, oilfield service companies and trading
companies in Russia, Kazakhstan, Switzerland, the United Arab
Emirates and South Africa. The Russian division is engaged in the
production and supply of seamless and welded pipes, premium
products and rendering of related services to oil and gas companies;
•
•
American division: manufacturing facilities and trading companies
located in North America. The American division is engaged in the
production and supply of seamless and welded pipes and premium
products, including ULTRA connections;
European division: manufacturing facilities located in Romania, and
trading companies located in Italy and Germany. The European
division is engaged in the production and supply of seamless pipes
and steel billets.
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