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Tenaris - Latest news GMK Center

Photo – Tenaris is investing more than $300 million in pipe production in Canada
Tenaris is investing more than $300 million in pipe production in Canada

The project in Sault Ste. Marie will expand OCTG production and create up to 200 jobs

Photo – Tenaris has acquired the Romanian pipe producer Artrom for €86 million
Tenaris has acquired the Romanian pipe producer Artrom for €86 million

This acquisition represents a strategic move to expand Tenaris' production capacity and product range

Photo – Tenaris resumes key pipe processing operations at Koppel plant in the US
Tenaris resumes key pipe processing operations at Koppel plant in the US

The company has invested $2.1 million in the site and will hire more than 80 employees

Photo – Tenaris reduced pipe sales to 2.95 million tons in January-September
Tenaris reduced pipe sales to 2.95 million tons in January-September

Sales decreased by 2% y/y, while the average product price decreased by 4% y/y

Photo – Tenaris expands its presence in Canada with a new center in British Columbia
Tenaris expands its presence in Canada with a new center in British Columbia

New service center in the Montney region will strengthen customer support in the energy sector

Photo – Tenaris has begun construction of its second wind farm in Argentina
Tenaris has begun construction of its second wind farm in Argentina

La Rinconada will meet the needs of the Siderca plant and reduce CO2 emissions by 100,000 tons per year

Photo – Tenaris launched the first solar power park in Romania for the steel industry
Tenaris launched the first solar power park in Romania for the steel industry

A $21.5 million investment will partially power the steelmaking facility in Kehlerash with clean energy

Photo – Tenaris reduced pipe sales by 5% y/y in 2024
Tenaris reduced pipe sales by 5% y/y in 2024

Shipments of seamless pipes fell by 4% y/y and welded pipes – by 11% y/y

Photo – Tenaris expects a stable level of sales in the current year
Tenaris expects a stable level of sales in the current year

In the first quarter, the company increased sales by 75% y/y