Russian pipe maker TMK announced that Chairman Mr Dmitry Pumpyanskiy, owning 95.6% stake, has exited as a beneficiary of PAO TMK effective 9 March 2022 & resigned as a member of the Board of Directors and that all TMK plants are continuing their business activities as usual, ensuring the continuity of production processes and fulfilling all obligations to their customers & partners.European Union has included Mr Dmitry Pumpyansky, son Mr Alexander Pumpyansky & wife Ms Galina Pumpyansky in the sanctions list with an entry ban, an asset freeze and a ban on European legal entities and individuals providing services, entering into transactions and providing loans or credits.Mr Pumpyansky is a Russian billionaire businessman, with Forbes estimating his wealth at USD 2.4 billion. Mr Pumpyansky graduated from the Kirov Ural Polytechnic Institute in 1986. Mr Pumpyansky started as a metals trader, then ran several metal factories, then took over the Sinarsky Pipe Factory. Mr Pumpyansky joined OAO TMK in 2002. Together with fellow billionaires Mr Sergei Popov and Mr Andrey Melnichenko, they bought the company, and he bought them out in 2006, becoming the 100% owner. He is the chairman of TMK.TMK’s seamless pipe sale was 3.073 million tonne in 2021 & welded pipe sale was 1.187 million tonne. It reported Adjusted EBITDA of RUB 62.381 billion for 2021
Russian pipe maker TMK announced that Chairman Mr Dmitry Pumpyanskiy, owning 95.6% stake, has exited as a beneficiary of PAO TMK effective 9 March 2022 & resigned as a member of the Board of Directors and that all TMK plants are continuing their business activities as usual, ensuring the continuity of production processes and fulfilling all obligations to their customers & partners.European Union has included Mr Dmitry Pumpyansky, son Mr Alexander Pumpyansky & wife Ms Galina Pumpyansky in the sanctions list with an entry ban, an asset freeze and a ban on European legal entities and individuals providing services, entering into transactions and providing loans or credits.Mr Pumpyansky is a Russian billionaire businessman, with Forbes estimating his wealth at USD 2.4 billion. Mr Pumpyansky graduated from the Kirov Ural Polytechnic Institute in 1986. Mr Pumpyansky started as a metals trader, then ran several metal factories, then took over the Sinarsky Pipe Factory. Mr Pumpyansky joined OAO TMK in 2002. Together with fellow billionaires Mr Sergei Popov and Mr Andrey Melnichenko, they bought the company, and he bought them out in 2006, becoming the 100% owner. He is the chairman of TMK.TMK’s seamless pipe sale was 3.073 million tonne in 2021 & welded pipe sale was 1.187 million tonne. It reported Adjusted EBITDA of RUB 62.381 billion for 2021
