Pipe manufacturer TMK IPSCO will move its corporate headquarters from Illinois to Houston to increase its exposure to the oil and natural gas market, the company has announced.
Currently based in Downers Grove, Ill., TMK IPSCO said it will move most of its headquarters offices to the company’s new research and development center on Houston’s northwest side. The company expects to complete the Houston move by the summer of 2013 and build a new headquarters in the city within the next two years.
“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 TMK IPSCO Chairman Piotr Galitzine, in a written statement. “Most importantly, this transition will enable us to be a better, more efficient and more service oriented company.”
The company is the U.S. arm of Russia’s largest steel pipe maker, TMK, which counts Exxon Mobil, Shell and other major oil producers among its customers. It manufacturers drill pipe, well casing and other products for the oil and gas industry.
TMK IPSCO has 11 facilities in the United States. In addition to its research and development office on Houston Oaks Drive, the company has three manufacturing plants in Texas.