Tenaris announced on March 23, 2017 that it is resuming manufacturing at its Prudential facility (8919 Barlow Trail S.E., Calgary) after a two-year interruption in operations following low oil and gas prices and the impact of unfairly traded imports.
“After two very difficult years, it is energizing to be restarting production at our Prudential facility,” said Guillermo Gabriel Moreno, vice president and managing director for Tenaris in Canada. “Growth opportunities through our Rig Direct™ commercial strategy, greater stability in oil and gas prices, trade remedies against certain unfair trade, and a renewed commitment from our employees has given us the confidence to resume operations.”
This announcement comes following an agreement with the United Steelworkers Local Union 7226. Starting today, Tenaris will begin recalling approximately 100 union employees. Operations on the Electric Resistance Welded (ERW) facility will resume in July 2017.
The manufacturing facility produces ERW line pipe, casing and tubing for the Canadian oil and gas industry. In November 2016, Tenaris also resumed operations at its seamless pipe facility, AlgomaTubes, in Sault Ste. Marie, Ontario.
Canada remains an important market for Tenaris and it continues to focus on domestic manufacturing. In addition to reopening Prudential, Tenaris will expand its service offerings in Canada with the opening of a Grande Prairie service centre later this year. This is a $20 million multi-year investment to handle the supply of oil country tubular goods, accessories, sucker rods and coiled tubes to support Tenaris’s Rig Direct™ strategy.