Truboplast is one of Russia's largest producers of protective coatings for steel pipes used in the oil and gas industry and its products are used by the major Russian and international oil and gas companies.
Commenting on the acquisition, TMK said in a statement, "The acquisition of Truboplast will give TMK the largest pipe coating capacity in Russia, further strengthening its position in the oil and gas pipe market and increasing its share of high value-added premium products".