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Tenaris to Contributes CAD 36 million at Canadian Factories

Steel News - Published on Mon, 05 Aug 2019

Image Source: tenaris
Tenaris, with a contribution from the Federal Government, has announced a 36 million CAD investment to expand its product capabilities and improve its operational performance at its seamless and welded steel pipe mills to support domestic manufacturing for the oil and gas sector. A majority 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, ON. The new premium connections Line will thread TenarisHydrill proprietary Wedge and Blue® Series connections, offer sour service grades capacity for all the products Canada demands, and add capacity to produce a more complete diametre range. The infrastructure upgrades are projected for completion by the end of 2020. Once operating and at full capacity, Tenaris will add nearly 90 full-time jobs.

In addition to the AlgomaTubes investment, Tenaris also announced an improvement project at Prudential, its welded pipe mill in Calgary, AB. The funds will be used to upgrade ultrasonic equipment for line pipe testing to supply customer orders with increased inspection requirements.

The Canadian market has been challenged by a decrease in drilling activity of about 30 percent this year vs. 2018, market access pipeline shortages and a surge of non-NAFTA imports to Canada. The contribution from the Federal of government is important to moving forward with this investment at this time.

Guillermo Moreno, Tenaris President, Canada said that “The development of Canada’s energy resources requires high quality OCTG products and expanding our service offerings is crucial to support the energy industry. The new investment will also strengthen our Rig Direct® business model with shorter lead times and increased flexibility, while improving our customer support.”

Mr Moreno said that “We would like to recognize our stakeholders here with us today who have shown their support for the important role Canadian energy and a domestic manufacturing supply chain has to the Canadian economy. Tenaris remains committed to the safe, efficient development of the country’s energy resources, and these investments will help expand our product offer with domestic solutions.”

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Posted By : Ratan Singh on Mon, 05 Aug 2019
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