24/05/17 18:16 MOEX (RUR): 78.90 change in % 0.80 LSE (USD): 5.68 change in % 0.17
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HistoryTMK IPSCO, the American division of Russia’s TMK, was formed in June 2008 when TMK purchased ten pipe-manufacturing facilities from SSAB, a Swedish steel company that had acquired Chicago-based IPSCO a year earlier in 2007. Previously, Interprovincial Steel and Pipe Corp, IPSCO’s origins can be traced back to 1956 when its predecessor, Prairie Pipe Manufacturing Co., was established in Regina, Saskatchewan to meet western Canadian demand for welded line pipe.
Much of TMK IPSCO’s current production capacity comes from IPSCO’s 2006 acquisition of Newport, Kentucky-based NS Group Inc., a producer of seamless and welded pipe. This acquisition brought together core steelmaking and seamless pipe manufacturing operations in Koppel and Ambridge, Pennsylvania; welded pipe manufacturing and finishing operations in Wilder, Kentucky, Catoosa, Oklahoma, and Baytown, Texas; as well as Ultra Premium Oilfield Services, an Odessa, Texas-based producer of premium connections.
Today, TMK IPSCO comprises 12 manufacturing facilities in the U.S. and Canada. Welded and seamless pipe produced by the company is used in a variety of complex oil and gas drilling environments, from the Marcellus Shale in Pennsylvania and Ohio to the Eagle Ford Shale in Texas to the petroleum-producing regions of western Canada to challenging offshore projects in the Gulf of Mexico.
Prairie Pipe Manufacturing Co. is established in Regina, Saskatchewan; the company is later renamed Interprovincial Steel and Pipe Corp. and then IPSC
Newport Steel opens first facility in Wilder, Kentucky
Newport Steel acquires Erlanger Tubular in Catoosa, Oklahoma
Newport Steel is renamed NS Group, Inc.
NS Group acquires Koppel Steel in Koppel and Ambridge, Pennsylvania
TMK is established in Moscow, Russia
NS Group acquires Curley’s Machine Shop in Odessa, Texas, which becomes the company’s Ultra Premium Oilfield Services division
IPSCO acquires the NS Group
Sweden’s SSAB acquires IPSCO
Russia’s TMK acquires IPSCO’s U.S. tubular assets from SSAB (IPSCO’s Canadian tubular assets are sold to Russia’s Evraz; SSAB retains IPSCO’s U.S. steel plate business)
TMK IPSCO opens new threading facility for ULTRA premium connections in Brookfield, Ohio
TMK IPSCO opens sales office Calgary, Alberta
TMK celebrates 10th anniversary
TMK IPSCO opens new Research & Development Center in Houston, Texas
TMK IPSCO opens new threading facility for ULTRA and TMK premium connections in Edmonton, Alberta
TMK IPSCO completes relocation of corporate offices from Downers Grove, Illinois to Houston, Texas