Changed name to ARTROM STEEL TUBES SA
Real beneficiary of the TMK-Artrom shares became Hefestos Capital
ARTROM merged with Resita steel mill
The steel mill from Resita – Resita Iron & Steel Works (Combinatul Siderurgic Resita, CSR) – was founded in July 1771 with the commissioning of its first two blast furnaces. CSR expanded and went on to become a major European steel mill during the 19th and 20th centuries.
The steel mill was nationalized in the mid-1900s and was operated by the Romanian government. Renamed Combinatul Siderurgic Resita S.A., the company was listed on the RASDAQ on November 11th 1996 and become public.
The company then went through a difficult transition period, including a failed privatization in 2000 and its subsequent reorganization procedure. On-going problems and conflicting interests led to the cancellation of the first privatization and called for a return of CSR to the Romanian government.
The privatization process was once again reinstated in 2003 and mid-2004 the company was sold by AVAS to Sinara Handel GmbH (renamed later TMK Europe GmbH).
Joining the TMK, the company renamed as TMK Resita in 2006.
In February 2007 in the steel mill from Resita was put in production a Continuous Casting Machine with a yearly capacity of 450.000 tons. In the same year was commissioned also a Vacuum Degases ladle.
In 2009 took place the upgrading of the Electric Arc Furnace.
In the next years different investments took place in the steel mill from Resita like new billets diameters, equipments upgrading, a new scrap yards, bridge cranes, etc, all these investments have like objects to improve the quality, the environmental conditions, products quality control, the production flow, etc.
Starting with January 01, 2022 the former steel company from Resita (former TMK Resita) ceased to exist, being absorbed by ARTROM S.A.
Shares suspended from trading on Bucharest Stock Exchange
In the last years, ARTROM pipes mill and it’s the steel mill from Resita were re-built as an integrated production flow.
ARTROM bought ARTROM Italia srl
New Heat Treatment Complex
All these investments increased production quality and allow a better and more efficient control of production parameters.
ARTROM USA LLC is founded
New Workshop for automotive and hydraulic cylinder producers
Production capacity reaches 200.000 to / year
Follow a period of few years when in ARTROM pipes mill are done other investments in various quality control equipments (US, Eddy Current, Magnetic Powder Control, Cracks End Detector, etc), Mandrel Rolling Line, cutting and varnishing machines, new halls or buildings modernization, etc.
ARTROM join TMK GROUP and renamed as TMK-ARTROM
In the last few years, technology and equipment have been upgraded to high performance and state of the art levels. Most upgrades were carried out after 2001 and new ones are still being implemented.