Tenaris Investing $36 Million in Canada
By Metal Center News Staff
on Aug 4, 2019
Tenaris, with a contribution from Canada’s federal government, will invest $36 million to expand its product capabilities and improve its operational performance at its seamless and weblded steel pipe mills. The investments will aid the company’s ability to support domestic manufacturing for the oil and gas sector.
Most of the funding will go toward the installation of a new premium connections line, expanded capacity for sour service grades, and new outside diameters at AlgomaTubes in Sault Ste. Marie, Ontario.
“The development of Canada’s energy resources requires high quality OCTG products and expanding our service offerings is crucial to support the energy industry,” said Guillermo Moreno, Tenaris president, Canada. “The new investment will also strengthen our Rig Direct business model with shorter lead times and increased flexibility, while improving our customer support.”
In addition to the AlgomaTubes investment, Tenaris also announced an improvement project at Prudential, its welded pipe mill in Calgary, Alberta. The funds will be used to upgrade ultrasonic equipment for line pipe testing to supply customer orders with increased inspection requirements.