Tenaris
seeks control of Romanian mill
Posted: 20 March 2004
Tenaris S.A. has signed a letter of intent with a private investor
group, which may lead to Tenaris obtaining a controlling interest
in S.C. Silcotub S.A, Zalau.
Silcotub is the leading Romanian producer of small diameter seamless
pipes for OCTG and other applications and has an annual production
capacity of 180,000 tons of seamless pipes. Its facilities include
a continuous mandrel mill, finishing facilities and a cold-drawing
plant.
Tenaris is a leading global manufacturer of seamless steel pipe
products and provider of pipe handling, stocking and distribution
services to the oil and gas, energy and mechanical industries and
a leading regional supplier of welded steel pipes for gas pipelines
in South America. Domiciled in Luxembourg, it has pipe manufacturing
facilities in Argentina, Brazil, Canada, Italy, Japan, Mexico and
Venezuela and a network of customer service centers present in over
20 countries worldwide.
For more information see www.tenaris.com
Posted by Richard Price,
Editor Pipeline Magazine
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