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5

THE TECHINT GROUP IN BRIEF

Peru, Poland, as well as other

countries (see detailed references

in the Techint Group Companies

section of this publication). In

over 70 years of activity, Techint

Engineering & Construction has

successfully completed more than

3,500 projects in more than 45

countries, and continues to work on

major industrial and infrastructure

projects around the world.

At the same time, Techint Group’s

steel pipes business also continued

to grow. In the mid-1980s it undertook a major, export-oriented expansion of the

Campana mill and acquired Argentine welded pipe-manufacturer Siat. In the 1990s

it also acquired control of the Veracruz mill in Mexico and the Dalmine seamless pipe

mill in Italy. Over time, steel pipe manufacturing facilities were also acquired in Brazil,

Venezuela, Japan, Canada and Romania.

Tenaris, the company under which all the manufacturing and service activities in

the steel pipe business are grouped today, went public at the end of 2002. Its shares

are listed on four stock exchanges: Buenos Aires, Mexico City, Milan, and on the

New York Stock Exchange.

Tenaris became a leading North American producer of welded OCTG, line pipe and

coiled tubing with the acquisition of Maverick Tube Corp. in 2006, and in 2007, it

integrated premium connections into its USA portfolio by acquiring Hydril. Tenaris also

expanded its presence in other regions by acquiring a presence in Colombia through

TuboCaribe; gaining control of Seamless Pipe Indonesia Java (SPIJ), an OCTG processing

business, and completing its premium threading facilities in Saudi Arabia and in China.

Over the last decade, Tenaris undertook two major investments in North America: a

rolling mill in Veracruz, which began operations in 2010, and a greenfield seamless

pipe mill in Bay City, Texas, which started operations late 2017. The new facility has an

annual production capacity of 600,000 tons. TuboCaribe in Colombia also underwent

major expansion and a new plant began operations in 2015 with an output of 250,000

tons of welded and seamless pipes.

Tenaris also increased the production of sucker rods, with an expansion of the mill

in Veracruz, Mexico and the construction of a new mill in Conroe, USA.

Today, Tenaris is a leading supplier of tubes and related services for the world’s energy

industry and certain other industrial applications. It has an integrated worldwide

network of steel pipe manufacturing, finishing, service and research facilities with

industrial operations in North and South America, Europe, Asia, the Middle East

and Africa, and a direct presence in most major oil and gas markets.

From left to right:

Gianfelice,

Agostino (1945-2001),

Roberto (1922-2003)

and Paolo Rocca.