On Monday, pipe producer TMK IPSCO, the North American division of TMK, announced plans to move its corporate headquarters from Downers Grove, Illinois, to Houston, Texas as part of a long-term strategy to drive growth in the oil and gas markets.
"Houston is the hub of the global oil and gas industry; it's important for the company to be positioned there in order to facilitate relationships with key customers, attract and retain energy-industry talent, and demonstrate our commitment to the industry," said Piotr Galitzine, chairman of TMK IPSCO. "Most importantly, this transition will enable us to be a better, more efficient, and more-service oriented company."
TMK IPSCO will begin the transition from Illinois to Texas over the next several months, with expected completion of the move by the summer of 2013, with most employees being housed at the company's newly-built research and development center, located in Houston. TMK IPSCO plans to build a new corporate headquarters facility in the next two years. TMK added that service and delivery will be unaffected during the transition.