Tenaris

Tenaris (ISE|LU0156801721|TEN), NYSE|TS) is a company that is a global manufacturer and supplier of seamless and welded steel pipe products and provider of pipe handling, stocking and distribution services to the oil and gas, energy and mechanical industries. It is also a leading regional supplier of welded steel pipes for gas pipelines in South America. With manufacturing facilities in Argentina, Brazil, Canada, China, Colombia, Italy, Japan, Mexico, Romania, USA and Venezuela and a network of customer service centers in over 20 countries, Tenaris has an annual production capacity of 3.3 million tons of seamless, and 2.8 million tons of welded pipes, annual consolidated net sales in excess of US$9.0 billion and 23,500 employees worldwide.Tenaris has recently bought Hydril

History

1909 Dalmine begins manufacturing seamless steel tubes in Italy. 1914 Nippon Kokan Kabushiki-gaisha (NKK) begins manufacturing seamless steel tubes in Japan. 1924 Dalmine is listed on the Milan Stock Exchange. 1935 Agostino Rocca, the future founder of the Techint Group of Companies, becomes Managing Director at Dalmine. 1953 Tamsa is listed on the Mexican Stock Exchange. 1954 Tamsa begins operations in Mexico and Siderca in Argentina. Both plants are constructed by Techint. 1958 Siderca is listed on the Buenos Aires Stock Exchange. 1960 Confab, a Brazilian manufacturer of industrial equipment, begins to produce welded steel tubes. 1967 Tamsa lists on the American Stock Exchange becoming the first Mexican company to list on a U.S. Stock Exchange through an American Depositary Receipts (ADR) program. 1980 Algoma orders North America's first retained mandrel seamless tube mill. 1986 Siderca takes over Siat, an Argentine welded pipe manufacturer established in 1948. 1993 Siderca acquires a controlling interest in Tamsa and forms a strategic alliance. 1996 Siderca acquires a controlling interest in Dalmine following its privatisation. With Tamsa, this strategic alliance becomes DST. 1998 Tamsa establishes Tavsa with Corporación Venezolana de Guayana to take over Sidor's seamless steel tube mill. 1999 Siderca acquires control of Confab. 2000 Siderca and NKK Corporation form NKKTubes to take over NKK's seamless tube manufacturing business at Keihin Works (Tokyo, Japan).Siderca leases Algoma Steel's seamless steel tube plant and begins operating AlgomaTubes.

2001 The Tenaris brand name is introduced replacing DST. Siderca lists on the New York Stock Exchange (NYSE). 2002 Tenaris S.A., a company organized in Luxembourg, becomes the group holding company following an exchange offer for the shares of Siderca, Tamsa and Dalmine and is simultaneously listed on the New York, Milan, Buenos Aires, and Mexican stock exchanges. 2004 Tenaris acquires control of Silcotub, a Romanian manufacturer of seamless steel pipes. 2006 Tenaris establishes a strong presence in USA through the acquisition of Maverick Tube Corp. At the same time, its presence in Canada is expanded with Prudential and establishes a presence in Colombia through TuboCaribe. 2007 With Hydril, Tenaris expands its offer of products and services for the oil & gas industry.

Organization Chart

CEO: Paolo Rocca
CFO: Ricardo Juan Pedro J Soler

Commercial Director: Alejandro Lamartyn

External links

* [http://www.tenaris.com/ Official Tenaris website]