TMK IPSCO to Open Shop in Canada

TMK IPSCO will open a Sales Office in Calgary, Alberta Canada on August 2, 2010. The new office will serve as TMK IPSCO's Canadian headquarters for sales and will support TMK IPSCO's commitment to better service its cross border customers with value added sophisticated products for both conventional and unconventional hydrocarbon exploration and development.

The Sales Office, which is located in Calgary, will be managed by Dmitry Butorin, Director of Sales - Canada. Mr. Butorin has extensive experience with TMK, both in the US and Russia. Mr. Butorin will work closely with John Kearsey, Sales Manager. Mr Kearsey is a veteran of OCTG pipe sales in Canada. Prior to joining TMK IPSCO, Kearsey was President of 45 Business Development, LTD., a Calgary based tubular products sales and marketing company.

Piotr Galitzine, TMK IPSCO's Chairman, commented, "The new Sales Office in Calgary is an important step in TMK's continuing growth as a global company and world class pipe manufacturer. This new Calgary Office will further enhance our ability to support our customers in the development of the oil sands in Western Canada."

In announcing the new Sales Office, Scott Barnes, Vice President and Chief Commercial Officer, said, "TMK IPSCO supports the development of unconventional energy sources such as the oil sands and gas shales as well as conventional sources of oil and natural gas. We service end users in both Canada and the US. Our company is familiar with the demands of the Canadian market due to IPSCO's long history there and TMK's extensive global experience operating in harsh weather environments and conditions. The Calgary Sales Office is one more step in our growth as we expand our geographic footprint and deliver energy tubulars and high value niche products, including premium connections, to our customers."

Vicki Avril, TMK IPSCO's President and CEO, added, "As a company, we go where our customers need us. This new Canadian Sales Office is just another example of TMK IPSCO positioning our business close to our customers. We are committed to the Canadian market and we are excited to bring the IPSCO name back to Canada, where it began."