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Tenaris has completed its acquisition of Mattr’s pipe coating business unit (Shawcor) for US $182.6 million (including estimated working capital and US$16.9 million in cash).
A 1MUSD investment in a new solar photovoltaics (PV) power generation project has paved the way for the installation of 2,246 monocrystalline silicon PV panels across the OCTG and automotive component center facilities located in Tenaris’s mill in Qingdao, China, covering approximately 17,000 square meters. The initiative, with a capacity of 1.28 MW, is expected to generate around 1.36 million kWh of electricity annually, helping to reduce CO2 emissions by approximately 850 tons each year, replacing the carbon content of the local grid with clean energy generated by the solar panels.
Efforts to level the OCTG playing field in the United States and to raise the profile of the domestic industry has led to the creation of the U.S. OCTG Manufacturers Association (USOMA).
We are the leading manufacturer of pipes and related services for the world's energy industry and certain other industrial applications. Our manufacturing system integrates steelmaking, pipe rolling and forming, heat treatment, threading and finishing across 16 countries. We also have an R&D network focused on enhancing our product portfolio and improving our production processes. Our team, based in more than 30 countries worldwide, is united by a passion for excellence in everything we do.