LUXEMBOURG--(Marketwire - Jun 21, 2012) - Tenaris S.A. (
U.S. market demand for high quality OCTG and line pipe products is growing rapidly due to the development of unconventional shale (oil and gas) reserves and the resumption of deepwater drilling activity in the Gulf of Mexico. The new investment plan will strengthen Tenaris's local production and service capabilities, allowing it to reduce lead times and serve its U.S. customers with a full range of locally manufactured seamless, welded and premium products, in a market where imported products account for over half of total consumption.
Tenaris is a leading global supplier of steel tubes and related services for the world's energy industry and certain other industrial applications.
Contact Information:
Giovanni Sardagna
Tenaris
1-888-300-5432
www.tenaris.com