Tenaris SA

06/03/2021 | Press release | Distributed by Public on 06/03/2021 10:05

New premium line adds capacity and product range for Tenaris in Canada

PUBLISHED ON 06/03/2021

Tenaris's new premium connections line at its AlgomaTubes mill in Sault Ste. Marie, Ontario, is now operational, adding capacity and product range to the company's operations in Canada.

Tenaris recently completed its first commercial order following the line's production start last month. The premium line was part of an overall $36M CAD investment first announced in July 2019, and its development was also supported by contributions from the federal and provincial governments.

With the investment, Tenaris threads high quality OCTG products, such as TenarisHydril Wedge and Blue® Series connections, expands capacity for sour service grades and adds new diameters to the company's product portfolio.

'We are offering our customers a more complete and secure source of local supply,' said Ricardo Prosperi, Tenaris President in Canada. 'We can thread our propriety premium connections for maximum performance and offer steel grades to withstand demanding drilling environments.'

Tenaris is currently carrying out an $81M CAD investment, also supported by the three levels of government, to centralize its pipe production, incorporating new and upgraded equipment, including the installation of an electric resistance weld (ERW) line, offering our oil and gas customers additional grades of welded pipe and premium connections. With ERW and seamless production under a single roof, Tenaris will also improve productivity, enhance quality and realiability processes, and streamline supply chain logistics in Canada.

'The completion of the premium connections line represents one phase of our overarching vision to transform AlgomaTubes as our hub for pipe manufacturing and strengthen our overall competitive position in the country,' added Prosperi. 'We have greater flexibility to respond to the increasing needs of the market in such a dynamic time, not only from the product side but also in our scope of services.'

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