Dec. 7, 2016

OMK Sells Houston Tube Plant to SeAH

Russia’s United Metallurgical Co. has agreed to sell its OMK Tube plant in Houston to South Korea’s SeAH Steel. The facility consists of a welded pipe shop and pipe finishing facilities.

“At the time we decided to build the plant, there was a steady demand for tubular goods required for oil production in the U.S. market, especially in the southern states. However, from mid-2014, OMK Tube has experienced sales going down due to the oil price drop and subsequent oil production cuts in the U.S.,” says OMK President Vladimir Markin. “Considering the market change and continuous uncertainty in the U.S. tube market, we have come to a logical decision to sell those assets.” The decision is part of OMK’s ongoing cost-saving program, and preference to focus on its home market in Russia.

OMK launched its OCTG pipe mill in 2013 in Houston to complement the existing pipe finishing shop. The plant’s designed capacity is 200,000 tons of carbon and low-alloy casings and tubing pipe. The facility can produce pipes with a diameter of 60 to 177.8 millimeters and wall thicknesses from 3 to 12.7 millimeters.


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Monday, October 23, 2017