Russia’s leading pipe maker TMK is not including European subsidiaries in the group's structure starting from December 2022. According to a list of affiliated entities published by the company, companies no longer included on the list beginning on 12 December areTMK-Artrom in RomaniaTMK EuropeTMK ItaliaTMK Industrial SolutionsTMK-Artrom’s General Director Mr Adrian Popescu, TMK-Italia Head Mr Luca Zorzi and TMK Industrial Solutions Head Mr Michael Christopher were also removed from the list of affiliates as of 12 December.The website of the European division of TMK, the address of which is provided on the TMK website, is being overhauled, with the name of the Romanian company being given there as Artrom Steel Tubes.Last spring, TMK founder Mr Dmitry Pumpyanskiy withdrew as a shareholder of the company after being put on the EU sanctions list and control was transferred to the company's management. Mr Pumpyanskiy being subject to sanctions was the reason for the blocking of TMK-Artrom's accounts by Romanian tax authorities, local media reported. In the summer, the funds of TMK's European subsidiary were unblocked.
Russia’s leading pipe maker TMK is not including European subsidiaries in the group's structure starting from December 2022. According to a list of affiliated entities published by the company, companies no longer included on the list beginning on 12 December areTMK-Artrom in RomaniaTMK EuropeTMK ItaliaTMK Industrial SolutionsTMK-Artrom’s General Director Mr Adrian Popescu, TMK-Italia Head Mr Luca Zorzi and TMK Industrial Solutions Head Mr Michael Christopher were also removed from the list of affiliates as of 12 December.The website of the European division of TMK, the address of which is provided on the TMK website, is being overhauled, with the name of the Romanian company being given there as Artrom Steel Tubes.Last spring, TMK founder Mr Dmitry Pumpyanskiy withdrew as a shareholder of the company after being put on the EU sanctions list and control was transferred to the company's management. Mr Pumpyanskiy being subject to sanctions was the reason for the blocking of TMK-Artrom's accounts by Romanian tax authorities, local media reported. In the summer, the funds of TMK's European subsidiary were unblocked.
