TMK sold its European division, TMK Artrom, to Serbian investment company Hefestos Capital. TMK Artrom is one of Europe's leading manufacturers of industrial seamless pipes; the company exported nearly 85% of its products to more than 50 countries. Production capacity of TMK-Resita metallurgical plant is 450 thousand tons of slabs a year, TMK-Artrom - 200 thousand tons of tubular products.